Why should I invest in a piece of property that is in a state that has a government that is supported by property taxes instead of income tax?

Government got the message and it has seen on average a 5000% rate of appreciation on real estate in less than a decade.Think of it this way- would you have liked to have been there buying up property along the great railroad lines heading west in the 1800's?

First, are there any government or quasi-government agencies locally that provide assistance with this sort of situation?

I hate to see the government get involved as they are.

The Association IS the Government for the property, but of course they cannot break the law.

Paying the bank a dollar to avoid paying the government a quarter!

In all cases what I've done first is send them a letter stating what I will do and that while I may not get any money as a result of reporting the forgiven debt as income, I'll have the satisfaction of knowing that they'll now owe a % of that money to an agency of the government that:Never forgets,Never forgives,Is relentless in collecting,and that the debt to the IRS is NOT forgiveable in bankruptcy.I've got a very high collection rate on those letters.

.#1 Tax Sales are SAFE, #2 (ROI) Returns are GUARANTEED, and #3 All Tax Sales are GOVERNMENT MANDATEDSuggestion: Attend a Few Sales at the Courthouse in your neighborhood.

The recent Program announced in Washington is more "smoke and mirrors" than actual relief for the sub-prime borrower. In the end, very few sub-prime home owners will qualify... and if they do, has anyone yet found out...

The worst are government agencies.