There are two orphaned oil tanks that buyer looked at as an expense for removal as well as a health and safety concern as well.6.

Also Tyron many investors are worried about oil prices in Houston right now.

Ironically the name of the lender was Lemons and Associates. 

I know the area took a hard hit from the low oil prices.When looking for a house to flip in a certain area one of the more important stats you want to look at is the Days on Market or the DOM.

I am leaning more towards a purchase in Alaska but the only thing that makes me a little uneasy is how the housing market in Anchorage will be affected if oil prices remain this low. 

My question is this-I will be working in ND in the oil boom.

Here is the quick rundown:It's a 3 units ($675 per unit...it's oil heat and own pays but we will switch to gas after closing IF it happens).Contract date 5/13/13Commitment date 6/14/13Settlement 7/3/13Purchase Price: $75,000Appraisal: $80,000The current owner had it appraised last year and the bank actually hired the SAME appraiser so that process did not take long at all.

I currently work in Oil & Gas doing 3D Laser Scanning.

I think we are actually currently in a bubble due to the oil boom.

It will be interesting what the oil price correction means for Bakersfield's economy and home prices.