I am currently with Prudential Georgia Realty and the REO Team and the REO business in Atlanta is booming.

We had a huge real estate market boom... and an equally huge crash.

I lived in Houston in the "boom and bust" late '70s and '80s (when the average house lost 1/2 its value and we got the innovative Resolution Trust Corp).

If there is a plan to put something in hop on any deals near by that because it is bound to boom.

I tried my city tax collector and the office said "what is an absentee owner?"

Originally posted by "arneyd": I just purchased 2 PSL's for the Chicago Bears, I am expecting 20% return on my investment (based on previous sales in mine and other similar sections), and I get the seats forever, so this is essentially a piece of real estate I just bought.Should have bought them in 85 before the "boom". ;-)

Could you imagine the people who made all these silly calculations in 2005 and 2006 during the peak of the real estate boom.

So, even if this were only a typical boom/bust cycle (it's not) and if prices would bottom in 2009, it would likely take until 2019 for inflation adjusted prices to just reach their previous highs.

Pursuant to Section 3712 of the Revenue and Taxation Code, the tax deed conveys title to the purchaser free of all encumbrances of any kind existing before the sale, except:• Any lien for installments of taxes and special assessments, which installments will become payable upon the secured roll after the time of the sale.• The lien for taxes or assessments or other rights of any taxing agency that does not consent to the sale under this chapter.• Liens for special assessments levied upon the property conveyed which were, at the time of the sale, not included in the amount necessary to redeem the tax-defaulted property.• Unaccepted, recorded, irrevocable offers of dedication of the property to the public or a public entity for a public purpose, and recorded options of any taxing agency to purchase the property or any interest therein for a public purpose.Any federal Internal Revenue Service liens that, pursuant to provisions of federal law, are not discharged by the sale, even though the tax collector has provided proper notice to the Internal Revenue Service before that date....according to that, California tax sales doesn't seem pretty free and clear to me.

I began with landlording small duplexes and sold them all.During the housing boom I took an interest in flipping until it all went sour.