CMBA Touts Alliant Tax Tools

The California Mortgage Bankers Association has announced that a member company, Alliant Information Services Inc., Fullerton, Calif., has developed two new products to help solve problems caused by property taxes and assessment liens.The Alliant Tax Bill Estimation report uses the same methodology used by counties to forecast supplemental and future secured tax bills based on the purchase price and expected closing date, the CMBA said. The other new product, Priority Lien Check, determines whether a property is subject to an accelerated foreclosure lien imposed by land-secured financing, the association said. Alliant's research director, Jeanne Klimowski, said the products help minimize risk by letting the parties know the state's property tax requirements up front. "California's complex property taxes have long been a problematic part of real estate transactions in this state," she said. "Property taxes can change dramatically after transfer, especially given the strong real estate market of the past several years." The association can be found online at http://www.cmba.com, and Alliant can be found at http://www.alliantinfo.com.