I have seen properties in Westland with ridiculous taxes too and attempts at disputing taxes in Livonia have gotten me nowhere.

The top-tier urban areas like NYC (Manhattan/Brooklyn/parts of Queens mainly) are trading at such ridiculously low cap rates that the primary method of generating significant returns is with value-add strategies -- at least in the commercial realm. 

I'm starting to realize that those numbers are a bit ridiculous.

Don, a note secured by a 1st position mortgage / deed of trust is not considered a security, so if the web site only does such notes, they may be subject to other types of regulations but probably not securities regulations.I do agree with your larger point that the securities regulations in the U.S. are ridiculous and are causing us to lose market share.I think money360, based on the discussions earlier in this thread, is a very interesting idea if executed well.

Hi Iv had a tax bill for 2010 of $2500 and a tax bill for 2011 of $2900, these are ridiculous, i paid $20,000 including rehab but it shows i paid $10,000 for it as its a fanny mae repo.

It is ridiculous.

I buy and sell properties for ridiculous profit.

My last two listings were lifted by someone who offered them at ridiculous low rates on CL and tried to get someone to send them the SD and 1st month's rent without meeting the Landlord.One brokerage spams over 100 listings a day.

Coming from other markets, I'm sure this seems ridiculously low.

Anybody asking that much money for a program is ridiculous.