For example, sewers, streets, or sidewalks.A charge for utilities or public services furnished to such property by the United States, a state or political subdivision thereof, or an instrumentality of any one or more of the foregoing.If real estate taxes (whenever they accrue) are ahead of mortgages under local law, they will also be ahead of federal tax liens.

If it's a fixer and you can force some appreciation, you may be able to talk me into it, but it is a short term debt instrument.

I have been instrumental in building their wealth and always wished I could run in their pack.Real Estate Development has always been a dream of mine, but I never got past the fear of investing, until now.

A deed is a legal instrument to transfer ownership.

I have a hard time understanding the abbreviations on the assessors page. when I go to  sale history and got to sell instrument some abbreviations I don't understand like CVD, CD,CJ,OTH can some one help ?

However a lot has changed in the ensuing decades and now mortgage backed securities are complex financial instruments and banks hanging onto loans seems to be something from bygone days.Nothing I said here should be construed as legal advice (I am not an attorney) or an OK to do this, it was just something I wanted to share for people to consider when deciding how to treat their business dealings.

Because BiggerPockets has been instrumental in helping us reach this stepping stone, I wanted to give back through knowledge share.

Security instruments would not qualify as replacement.

It has the ability to appreciate in value.Notes are a debt instrument (backed by a hard asset).

All of these things need to be in place, as well as the guiding instrument - a business plan.Without all of these: knowledge, networks and a focused business plan it's impossible to be successful.