So if there's an outstanding tax lien that goes unpaid, in some counties or states the house will be foreclosed on??

You have to set your goals extremely high, so that even if you don't meet them anything close to them is still an outstanding victory.

Even if you did manage to get outstanding appreciation (I doubt it) can you afford the negative cash flow that you will have?

Paying it off is good but sometimes having a bit of debt outstanding will actually raise your score.

Payment history (seasoning).I discount the amount outstanding to get the yield I want.

Even if you just refi for the cash you have outstanding, $59,445, with pretty optimistic assumptions, 6.5%, 30 years, the payment (P&I) is $375.

I've already checked with the county clerk's office and confirmed there are no outstanding leans besides the one on each that is foreclosing but I can't close on either because the residents aren't there to close with, the banks haven't taken possesion yet so they won't talk to me, and while I can get preapproved for a loan to get one of the houses, the bank won't supply the money until I have contract in hand, which means I can't use the money at auction.

As long as we can locate the bottom of the market with some semblence of accuracy, we'll be able to enjoy some inflation-corrected appreciation and lower costs of borrowing at the present time.The point about insurance on homes in Florida is an outstanding one.

Rates between 6% - 8% (Interest only also available) The formula they use to determine a project's eligibility goes as follows:50% of Appraised "As Is" Value - All outstanding liens = “Net Equity” (must be greater than or equal to $500,000)If the project passes this first test then the loan amount is equal to “Net Equity” * 10.It is possible to pledge other assets (commercial properties or liquid) to satisfy the $500,000 minimum requirement.That's it!

For a renter, if they've got bad credit or outstanding bills which a lot of the lower end tenants will have, one util means one deposit....having gas often means paying off an old bill and another deposit...plus that extra surcharge in our market.With propane.....that's the most expensive one of the 3....so I'd switch it to high efficient electric and search online for a scratch and dent supplier.