If the raw land is paid off and the taxes are low keep it if you think the benefit will out weigh the taxes while you hold it.

These houses were beyond imagination, piled with filth, raw sewage and lived in.I ended up buying and selling four other houses on that same street.

Just checking in, would like to network with others in the land business and perhaps get some southern ca folks interested in some high sierra cabin vacation rentals.I invest in raw land, mostly.

But this is an REO, no homeonwer to go to, it's not his agent, it's the listing agent, but you're right go to the listing broker and raise cane...chew raw meat before you go in.Eric makes a good point.

I suspect the insurance company will not pay probably will call it a terrorist act or related to it.The landlord may be soon be the proud owner of essentially raw land with maybe some improvements and probably has a mortgage yet to finish paying and no cash flow.

Currently I am signed up with about 30 banks and counting with direct contacts to the commercial special assets vp's and directors.My goal is to sign up with a few hundred more.Most distressed properties released by banks are lots and raw land for which they see no recovery followed by mom and pop type stuff.2011 I believe more of the bigger stuff will hit the market more frequently.Goal is to do at least 30 million in transactional volume on real estate deals as a broker and then purchase a few investments of my own.Between triple net,apartments,and bank distress deals I believe my goals are achievable.

And a drain line bust, allowing raw sewing to flood a basement for about a month before being reported.

The raw data is in table 4 in the linked page.

One of my friends bought some raw land years ago, during the real estate boom years, following the advice of Marshall Redick and now it is worth nowhere near what she paid for it.

And religious folks need more help than Atheists:http://www.psychologytoday.com/blog/sex-murder-and-the-meaning-life/201004/atheistic-liberals-are-smarter-funny-reasonI'm not saying I agree with the article (I haven't seen the raw data), but thought it was interesting enough to share...Also, as the article points out, the causation is not clear.