As to larger areas that will likely be cleared, I'll bet the prices go up generally as with new construction, improved property management measures are taken, given the location, like Rock Away Beach, who has suffered several disasters.We will see.

He wont be able to help financially because he has mortgages out on 5 houses.

However, during the storm of Hurricane Sandy, a portion of the house next doors fence came down, this property is also vacant and believe it's now owned by the bank, I have placed it back up for now as I have a dog that runs around the backyard and wont come back for hours if he decided to run away.

And honestly we probably wont stop then.

Does this mean a house I bought as my primary which I am preparing to sell and expecting to make less than $250k profit wont be subjected to taxes at all??

I suffered through a few years of new home sales as I started out...and I am thankful for the experience but glad I am in a new position.

Man is on deed and on mortgage.Man Gets Married.Man and wife live in house a few years.Man and Wife are at odds - He leaves and moves on.Wife agrees to stay and pay the mortgage.Fast Forward 2 yearsMortgage is 18 months behindMan is still married to this woman.She has no lease, not paying any rent, and he considers her a squatter.He is trying to save the property from foreclosure.He wont be successful if she is in the property.I am going to speak with a lawyer, But until then curious what the community thinks.My Assumptions are:If he calls the police to remove a "squatter", she will say He is my husband, I have a right to live her, blah blah blah and they will say it is a matter for the courts.If he offers her cash for keys she would laugh.

Hopefully you wont share my experienceOn the getting better prices thought.

Ok, figured out how to quote :)My renovating experience is basically zero, however I do have some solid contacts in the village (friends of the family etc) that wont just disappear on me in case something goes wrong.

Im not sure how that happened but I would think the lender has plenty of evidence to support their right to foreclose.Any act by you to try and impede the process probably wont turn out like you think.If I were you I would just try to negotiate with the bank right now.