|
morgages are public records and recorded at most county court houses
so the amount the bank loaned is a big clue
btw I once horrorfied public tax collectors by saying
why don't you guys walk down the hall and look at the real morgage amount when setting tax values for comercial propertys
like shoping centers that were way under valued by tradision in miami [so home owners paid more as the fat cats got big breaks on multi million dollar propertys]
btw2 their answers was we would be fired instantly
for setting real values on comercial propertys
|