I do understand that after a certain period of time, a brand new property may experience a spike in repair and maintenance costs that begins to modulate the IRR.  

Had we updated our address with the town we would have seen the huge spike and figured out something was up sooner.

People are trading a local commute for upwards of a 1-2 hour commute each way, $350 per month rent savings and a bigger house with the goal of saving for a house.We have seen the values for South Santa Clara County through Hollister spike to where it doesn't make sense unless you are speculating on appreciation.

There are people in RE that couldn't pour water out of a boot if the instructions were written upside down on the heel.

But when you calculate the rate OVER TIME you identify the reasons for the spikes and the declines and make an educated guess on the future.I PREDICTED on the WEB the recovery in California when EVERYONE was posting about 15-20 years to recovery.

I would guess regardless of time of day, when there is something interesting going on in the world or big breaking news, there would be a spike in tweets.

I'm not paying $200 an hour for labor unless you're a doctor, attorney or at least wearing heels.

If there has been a recent spike in values going up in the last 30 to 60 days most likely do not count it.It is most likely from a freeze on the foreclosures and a false spike in the market with supply and demand.Once other properties are released the values will go down most likely further with a flooding of the market just like what happened with the home buyer tax credit when it expired.Now that you have your payoff amount and data have the agent run market values for the bottom 50% of solds.Then have the agent take away average concession,commissions,closing costs,etc. to give you your net number which is the payoff to the bank.Subtract that from your payoff amount to get an estimate of cash to close.If it's a small number maybe you just get a promissory note.If It's a huge amount you could do promissory and than file BK afterwords.If you have a ton of other debt you need to wipe out a ch 7 might be best for you anyways.Short sales impact your credit scores but you can get back up after about 1 year.Hope this helps.

Land value has spiked recently, due to larger demand for corn.

Electric can also spike in the summer with A/C.