Here are some of the major benefits: our finders would often require a lot of what I call pre-development costs (appraisal, Phase I environmental, downpayment, architectural drawings, home inspection, State Historic Preservation Office ruling, etc.).

Make sure you budget and negotiate for an environmental review.

And the metro area has barriers to entry, in regards to building housing such as a notoriously slow permit process, environmental constraints, geography constraints, transportation constraints, etc.

But I'm sure there are plenty of environmental concerns that would have to be addressed.

And if you intend to tear down your house, it might be more economical, efficient, and less environmental impact if you "order" a home and have it delivered and put on the property.2) I've heard that Greenwich has been in a housing slump.

Please don't preach to me about Maslow's Triangle and environmental doomsday.

The only way out of an REDC auction is if there are environmental hazards or it is declared condemned.

This is a very sad story but it brings to light an issue that all landlords need to be conscious of.

I read a few articles on hyper-miling and they are a little much but it shows if you are more conscious on how you drive you can actually save a lot of money.

I wouldn't ruin my credit for 250 bucks a month.I highly doubt it would take 10 years to reach a payoff you could handle.A residential recovery and workout of toxic loans is at max about 3 years away on a national level with some areas performing and recovering much faster.Why not go to the bank and say rents have gone down and I am struggling.Ask for them to renew the next time at 3 or 4% interest.That will make the gap smaller and go up in rent just a little but not much.Yes insolvency will wipe out any 1099 phantom gain as long as your liabilities exceed your assets.Most local banks all have you sign a personal guarantee.They consider it YOUR WORD as a vice president has told me that you will honor your contract (one of my clients short selling an apartment).The bank said at that time they DID NOT want to short sale and favored instead writing the interest rate down and extending the loan another year at a frozen rate and see what happens.Banks do not want to DUMP everything like people believe.They only cut out properties they see as having no chance of a recovery in the future or a liability if the took back (war zone,environmental issues).In that case they will usually sell the note if it has environmental issues or they don't want to foreclose.I would try the options I have above instead of ruining credit.