The Treasury Regulations are very clear that a Qualified Intermediary is not permitted to release the 1031 Exchange funds unless certain events have occurred such as the 45 calendar day identification period passing or the 180 calendar day exchange period passing.

Tax rates are pretty much the same for Montclair and Newark, it is all based on the property value.I was surprised to see areas like Irvington and East Orange to have the highest rates, but property values are very low.http://www.state.nj.us/treasury/taxation/lpt/taxra...Hope this helps :)Anastasia

Only sell if (1) premise for acquisition changes, or (2) you must to acquire a bigger more attractive deal.Generate long-term wealth by investing IN real estate, not through transactions (casino vs gambler).

Department of Treasury with usc exceptionState Tax LienLien by USA or Dept of JusticeUS Department of StateOther Federal AgenciesFrequent Superior Foreclosure-Liens:Code Enforcement for debris removal or mowingDemolition or Environmental Based Liens State child support lienBoard of County Commissioners for special assessmentsUtility LiensWater/Sewer Delinquency (only in selected states)County (and/or School/Township) for unpaid taxesCity for road improvements, maintenanceHere are some of the judgment and liens that will be wiped off from the property (not the borrower who lost the title) if the lien holders were properly notified and "had the right to bid on the property at the auction":2nd and junior position mortgages, such as home equity loans, etc...Credit Card Judgments recorded after the foreclosing mortgage Personal Judgments recorded after the foreclosing mortgageMechanic's Liens recorded after the foreclosing mortgageOther Judgments outside of the ones listed above

I attended my first County Treasury Auction last week but was not a winning bidder. 

Its like a small village for dining and shopping with a bunch of great bars restaurants all grouped together.All of the above are about 5 mins from OHare as is a relatively new casino if you are into that.Enjoy !!

They risked opening their business or practice doing something they love, but NONE of them frequented casinos.  

JP Krueger Hi JP - how do you feel about the Everett casino?

Let's say the ARM's rate was indexed to an interest rate dependent on US Treasury debt, and the auctions start going haywire, you could see interest rates approaching 9%.

I was confident enough to offer $10k non refundable upfront as a show of good faith but my partner said that I can go to the casino if I want to gamble :-) Since it is my first property of this size, I listened :-) Also I'm not sure if $10k upfront would have been meaningful.Let's see what happens...Jean