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

Both M(3) and B(0) still have a right of redemption subject to the time defined by law they can exercise said right.Sometimes, M(2) can call for M(1) to be a necessary joined party so the balance due is officially calculated by court or trustee.

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. :)

The flips are addictive though so I will have to exercise the restraint needed to hold and rent a few.For the locals I am on the Clearlake side of Houston.Thanks

Most likely the daughter is not giving you the whole story, and finding and approaching the brothers would be an exercise in futility.

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.