Also the tax savings may not be as large as I thought since you have to undergo standard deductions)

Great area that is undergoing big development nearby called the River District which includes a high end apartment complex and restaurants. 3/1 recent remodel (nothing too high end) got me $1200/mo with great renters.

I'm currently undergoing a similar process interested in the city center area.

I'm not very familiar with NJ's, but it isn't really a process that you have to undergo or anything.

Any new development in this area must under go an environmental study.

I could see many situations where someone undergoing foreclosure could use that to their advantage in a malicious way.

One of their pitches is to encourage sellers to write conforming notes, and season them, to get the highest value on the resale market.Their advice, which seemed like great advice to pass on:Have the buyer fill out a Fannie Mae form 1003.Check buyer's credit with the buyer's permission.Require minimum 620 credit score.Require buyer to undergo credit repair.

-Medical Center is undergoing a huge renovation, doubling in size, and it is supposed to be the biggest medical center when complete between Albany and Westchester.

I am very excited because the area is undergoing a lot of development.

If it looks like the area, albeit run down and in need of moderate to extensive upgrading, is undergoing progressive and aggressive gentrification that's the perfect place to invest in IMO.