You might wanna read all the posts about the upcoming Frank Dodd rule that takes effect next month.

During the time prior to a lawsuit being filed, the owner of the property can purchase a bond in the amount of the lien to effectively remove the encumbrance until a judgement is finalized.

This business is all about cost effective mgmt, and your learning this head on.

I'm going to read through this thread a few times more to get the full effect :)Josh

It would be the best to find a lawyer that understands the Dodd Frank law to give you straight answers, but I think it is a wait and see how the law will effect everyone.

Assessors typically have only one "effective date of valuation" each year, or even older, that is historical, in that they trend values, and do not perform an annual revaluation (when properties are inspected and methodically calculated).

If neither of those will be effected, there is no point in spending the money.As far as financing, what about if I purchased the home and decided to make the modifications later down the line?

You can also take on option or going to a lower level, less desirable but effective might be taking a first right of refusal. :)

Don't go out and apply for several lines of credit at once, you will get hit with multiple inquiries (which have a small effect on score) but mainly your "average age of account" will get hurt, which hurts your score more (unless you have really long term good credit, which you may or may not.

Maplewood/South Orange's real estate took off years after and I personally think a similar effect will take place however not on the same scale because of the smaller lot sizes, etc.Prism Capital purchased the old GE building and has made heavy investment into the property.