The usual: divorce (especially in a community property state), health problem for you or a family member, uninsured/underinsured catastrophic loss for you or a family member (such as a personal injury car accident), a self-employed tax problem/debt, etc.The less usual: a local water district concluding that the water in the entire area causes leukemia or other cancers and therefore no houses are habitable (which is very possible in some areas of Texas), a prolonged drought that causes the local portable water supply to dry up, a major employer or employers moving out of the area/closing, one tenant (or other person) getting hurt on the property (and getting a multi-million dollar judgment against you), one local tax agency assessing a property tax on your property (I had one try to assess a $100K tax to fund an adjacent highway improvement....), etc.

Population growth, socio-economic trends, education, traffic control, fire and police protection, financial leveraging between public and private sectors as well as health and welfare issues.

Well there's the cost of health care covered ;D What do you think?

I talked with her, she said:new carpet last year---has the linoleum but didn't get it put in because of the health crisis;has brand new acIt's in a bad small park---space fee $600!!!

I support my disabled mother who has many health problems.

Thomas, we don't know any of the values here, FMV, loan amount assumed nor if your mom is up in years or just a kid in her 50s (lol) and if there are any serious health issues together with her financial position.

Upside down in my mortgage.The market is starting to turn a little thankfully, but here's my dilemma: The neighborhood has gone down.

In 2008 and 2009 there was a string of lawsuits of kids falling in pools and city liens on title for health violations.The comment that was made about giving the property to the bank, probobly is missing details.

So here is my dilemma, Should i start birdogging in the bronx ny where houses start at $156,000 fmv for multifamily rehab homes(i also have a cousin in richmond va, but he doesnt have a car right now, i cant put him to work), should me and my girlfriend pack up and move to arizona with her mom, then get a house out there?

If I was looking over NC, I'd choose based on long term health of economy:1.