GSE? Reverted? Bulk? In the Monsoon Tax system, there are several categories of transactions and other terms you may not know. Here is a short list of definitions:

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3rd Party

Successful Trustee’s Sale purchase.

Bulk

Multiple property sale, properties may be scattered across the Valley with a single transaction recorded, usually between investors.

FCV / FCVR

FCV, Full Cash Value is calculated by the County Assessor, and is what they consider to be the value of the home. FCVR is the ratio between the FCV and the last Sold Price. A FCVR of 1.0 would mean that the property’s sales price and FCV were the same.

Flip

Property purchased by an investor then resold within 180 days.

GSE

Sale by Government-Sponsored Enterprise (Fannie-Mae, FHL, etc.).

Prelim vs. Final Tax Assessment

The Prelim Tax Assessment is the County Assessor’s estimate of the total tax bill for that year. The Final Tax Assessment is the actual amount of taxes billed for that property.

Reverted

Failed Trustee’s sale, property reverts to beneficiary (mortgage holder).

 

Want more Monsoon info? Check out the Monsoon Wiki.