WPCA Settles For Smaller Benefit Assessments

In an interesting twist to the usually inflexible WPCA, I have been told by a third party that settlements were recently reached on two of the seven benefit assessment appeal lawsuits. According to my source, the two commercial lawsuits brought by the Marlborough Barn and NRBZ properties were settled for a vastly reduced difference of $130,000 than originally assessed.

Marlborough Barn was originally assessed at $390,549.60. The WPCA agreed to settle their lawsuit for a drastically reduced $300,000.00. NRBZ properties was originally assessed at $90,405.00. The WPCA agreed to settle for less than half that amount at $40,000.00.

WPCA Prevents Refinancing Through Fannie Mae

I received the following email from a sewer district resident.

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The WPCA hits again! My husband and I are trying to refinance our house. In doing so, Fannie Mae has told us that we either need to have the WPCA sign a subordination agreement agreeing to come in second in line to Fannie Mae for the Sewer Benefit Assessment, increase the amount we want to refinance (which would cause the interest rate to be 1% to 1 ½% higher, our monthly payments to be more and require us to have an appraisal done for $300 to $400) or that we need to pay it off in order to finalize this refinance.