In jscott's case, the pipe had frozen over the winter and that's why it burst. i normally want electricity to see things clearly and to inspect basement, attic, etc. if i were you, i'd be more concerned with the cost of windows, drywall, doors, etc. those are the huge ticket items...I just changed all that. trust me, i hated paying those bills.good luck.

I have a frozen brain right now.

For reference my credit was frozen and I filed on March 31st. 

By the time I found a homeless person I opened the trunk and the water was frozen.  

@Mike Roy  one of our main revenue sources in 08 to 09  ( and we did not have many) was doing loans for those that relied on heloc's for their working capital.. most all helocs got frozen.. and usually the borrower does not realize its frozen until they try to access it..  

Another item talked about on BP.. when in fact i bet 90% of those folks who have a heloc never read the fine print  LOL and have no clue that their loan can be frozen or called.. in fact many could already be frozen.. you dont know it until you try to take an advance and the written letter letting you know its frozen gets to you about 30 days after the fact.On a contrarian side.. there could be a real flight to real estate that keeps prices firm.

If water or waste pipes are frozen Tenant will notifyLandlord immediately and in writing. 

My house is payed off and worth about 350k I own one 3/2 rental paid off worth about 220k.Considering deals are so hard to find I kind of gave up looking  feeling  frozen not sure what to do next any suggestions  ?

Perils not covered on basic but covered on special would be (some not all):  Theft (important in Detroit), water damage (frozen pipes certainly happen in MI), weight of ice and snow (same), etc.I know of markets that do write special up there, such as Diamond State, Scottsdale, etc, but it's not a low cost policy.

New opportunities should be sought in this area starting right now while loans are essentially frozen.8) Less people will own more properties.