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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MSI who wrote (7960)	1/7/2003 1:43:42 PM
From: Lizzie Tudor	Read Replies (4) \| Respond to of 306849

I'm surprised we're not seeing more repossessions in the silicon valley area. Tons of people have been out of work for 2+ years amidst a lot of overleverage. My neighbors maxed out on the mortgage in order to hold more stocks.

To: MSI who wrote (7960)	1/7/2003 3:17:22 PM
From: GraceZ	Read Replies (1) \| Respond to of 306849

My first reaction was think he was incorrect yet when I looked at the tax sale page for Baltimore City (they auction off a lot of property in the city) it states that the home has to be vacant and abandoned to be auctioned. Unfortunately there is a lot of that kind of property, as well as just tax delinquent properties. It used to be if you bought the certs you'd get interest 2 points below what the city collected (18% and you'd get 16%)or you'd get the house. It seems they've discontinued that program. cityservices.baltimorecity.gov EDIT: I read it wrong. Investors buy the cert (A cert is the back taxes and liens), then if the property is vacant and abandoned then you can forclose and get title after three months, but the original owner can come forward pay your expenses and 18% and get the property back. If it's not vacant then the person buying the cert has to hold it six months before filing for a deed....but the original owner can pay the 18% to the person who bought the cert to keep them from forclosing and taking your property and redeem the certificate.

To: MSI who wrote (7960)	1/7/2003 4:16:16 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

<<LOL! When was the last time you voted for higher taxes? Or anyone you know?>> Old political adage (from Tejas, I believe): "Don't tax you, don't tax me...tax the guy behind the tree!"<G>

To: MSI who wrote (7960)	1/7/2003 8:33:34 PM
From: Lazarus_Long	Read Replies (1) \| Respond to of 306849

unrepresentative gov't tax Were those your words? See the word "unrepresentative"? Did you think you lived in a pure democracy? In a republic, such as the US, people elect representatives who vote for their region. Are you aware of that? You don't like it? Two suggestions: (a) leave the country. In spite of your delusions of grandeur, I'm sure we can hobble on without you. (b) start the revolution. Good luck. You're going to need it. See you at your hanging. What made you think you could live in your house forever without paying taxes? I stand (partially) corrected. There is a SENIOR exclusion available which allows seniors to defer taxes until both spouses die. Too young? Don't worry about taxes. Worry about your mortgage. In Silicon Valley, the bank will have you out a lot faster than the taxman.