Paradigm Tax Group Industry News

Paradigm Tax Group Industry News

Stay informed with the most current Industry News that affects your business and impacts property taxes across the nation.

    Philadelphia Overhauls Tax Delinquency Enforcement

    26 Aug, 2013

    Philadelphia, Pennsylvania suffers from one of the worst property tax delinquency epidemics in the nation. The issue has been going on for decades, and Philadelphia's property tax delinquency tab...

    Washington D.C. Collects $6.6M during Tax Sale, Still Owed $18M

    31 Jul, 2013

    The District of Columbia collected $6.6 million in back taxes through the sale of liens on 965 properties during its recently concluded tax auction. According to the Washington Business Journal, the...

    Study Shows Accuracy of Commercial Real Estate Appraisals Is Spotty

    9 May, 2012

    A new study by KC Conway, using thousands of securitized real estate bonds of properties that were foreclosed and liquidated, shows a wide discrepancy between the appraisal values and eventual sales...

    Foreclosure Filings Down 16% from Q1 2007

    13 Apr, 2012

    The national foreclosure rate decreased 2% from the fourth quarter of 2011 to the first quarter of 2012, but a spike in short sales over the last couple of months could lead to a surge in foreclosure...

    Distressed Commercial Real Estate Continues Retreat

    19 Mar, 2012

    Distressed commercial real estate in the United States continues to fall from its $191.5 billion peak in March of 2010. According to The Washington Post, properties in default or foreclosure and real...

    Trouble is Brewing for Office Market

    11 Jan, 2012

    Office properties across the nation are being foreclosed as large tenants move elsewhere or renew their leases at a significantly decreased rate. According to The Wall Street Journal, the office...

    Huge Increase in Hotel Foreclosures Predicted for 2012

    10 Nov, 2011

    As debts come due with financing still available, hotel foreclosures are expected to have a huge increase over the course of 2012. According to Bloomberg Businessweek, the wave of commercial...

    Tax Valuations of Vacant Residential Lots in a Down Market

    25 Feb, 2011

    As a result of tax values of residential subdivision lots having been in decline for over two years, paired with the increased supply of homes in the market and prices declining, it does not make...

    'Special Servicers' Getting Creative

    8 Dec, 2010

    Real-estate firms known as special servicers are picking up the pace of working through bad loans and dealing with an influx of sourcing loans backed by commercial-mortgage-backed securities (CMBS)....

    In Commercial Real Estate, Signs of Moderating Pain

    9 Nov, 2010

    New data points, such as the delinquency rate for securitized commercial real estate loans falling in October for the first time in more than a year, are painting a picture of slowly moderating pain...