These properties would have already been taken by the banks by now if it wasn't for the 'robo-signing fiasco' which effectively restarted many of these foreclosures.So there you have it on 'Ghosttown' (nickname for Irvington by some of the young locals).

I was worried about what that was going to do to my plans to build new houses.It's a long story but the net effect was that construction went CRAZY all over the state for a couple of years.

This is the after-effect of hurricane Sandy, the recent Colorado floods, and other flooding/natural disasters.

In the winter, less heat/cold will effect home.

My understanding it is in effect till 12/31/13.

Why should I invest in these properties knowing could effect my lively hood having brokers license?

Now keep in mind if you are going to sell the property then you should prioritize  the cash flow because that will directly effect your value.

Hey everyone,I thought I would start a thread to try and collect everyone's experiences on the best/most effective ways you have cut your expenses on your landlording business.

There are pitfalls to these deals never disclosed (possibly not even known) by those who sell or advocate these convoluted transactions.

Since you are so new, advising her that filing Bankruptcy is an effective means of delaying a foreclosure sale would be the single most helpful thing you could do.