That said, there are other types of liens that arise which are not uncommon such as federal estate tax liens and then state level and local level liens, which notably are not 'federal' liens, such real estate tax, special assessment and inheritance tax.The point was more to speak of the idea that some liens can arise, even without notice, that are legally superior regardless of recording time.

The motivation of the seller-lender is obvious and that motivation is usually too great to allow a seller to make reasonable assessments without bias, they need to prove or justify the decision and without any bias.The seller or originator can't really base the justification on their personal opinion or what they see as reasonable, they need to look at what would any reasonable person do 90 times out of 100.

if the taxes are based on a $150,000 assessment, you taxes will be higher.

A determination that an assistance animal poses a direct threat of harm to others or would cause substantial physical damage to the property of others must be based on an individualized assessment that relies on objective evidence about the specific animal's actual conduct — not on mere speculation or fear about the types of harm or damage an animal may cause and not on evidence about harm or damage that other animals have caused.However, according to the Pet Ownership for the Elderly and Persons With Disabilities final rule by HUD you do not have to make an accommodation if the dog "pose[s] an undue financial and administrative burden."

Even if the assessor had a valuation date of July 1, 2013, they used historical sales data (12 to 24 months old) to estimate assessed vales.

I was also thinking along the lines of 25% equity in the current assessed value, not the original purchase price.

I'm in contact with the realtor and am waiting to hear fromt he broker for more information, but I don't have the ability to have eyes on the property for my own assessment.

Looking forward to hearing about your progress and I recommend joining MANY REI groups - not just one.

If I were to purchase the property I'd challenge the tax assessment every year (or as often as the law allows) to reduce it over time.

Also, for whatever reason I was a bit lax in my initial assessment on the amount of work needed at this house, so that went well over budget.