All Forum Posts by: Raquel Baranow

another important thing is to ask where they work and show a check stub.

i had a young woman want to rent a house from me . . . i figured from her references (bogus) and employment that she wanted to furnish my house and then rent it out by the day as a B&B.

(My lease always says no sublet.)

the tucson city government auctions off improvement district liens like this, top interest is 20% if they don't pay in 9-months (10% if they pay after 6mos).

problem as troy points out is that one of the bidder/buyers brought his whole office staff.

talk to the owner, Ned, however, i often find the owners are dead.

finding the names behind the trust can be done by calling the trust company or they may be referred to in the trust deed.

not sure what interest the lien holder has in ohio but in AZ the lien-holder has right to foreclose and get the property.

if the guy living in the house was smart, he'd pay off the taxes and continue his adverse possession.

You'd also be in an adverse possession situation. Here in AZ if you did this "under color of title and paying taxes" it's three (or five) years and the house is yours.*

I had a situation with MERS once in a tax lien foreclosure. This was when they were bundling mortgages on Wall Street . . . I sent notices to three different beneficiaries of the DOT (beneficiaries kept changing), finally the third one paid within days of losing the house.

My DOTs say that my loan (seller carryback) is not assumable and must be paid in full upon sale, i.e., if you got a QCD the person who gave you the QCD would be in civil violation for damages.

* 12-523 Real property in adverse possession under title or color of title; three year limitation
12-525 Real property in adverse possession and use under duly recorded deed with possessor paying taxes; five year limitation; exception

I live in Tucson and have heard bad things about some PMs in Tucson, do a Google search of the one you have. I live here, if your properties were close-by I'd consider doing it. The house next door to me is managed by http://www.rinconventuresaz.com/ they seem to be very good because I hardly ever see them.

coincidently, right after speaking to steven on the phone i got a call from a CPA here in tucson. i'm going to see them tomorrow.

i spoke to several CPAs when i got the first IRS Notice and they all said to refile and report expenses on Schedule A. (I previously reported them on Schedule C.)

My income tax is very simple however i have about 15-installment sales (total 25-page 1040), 95% of my expenses are property taxes on my vacant lots (investments).

I'll be very interested to find out how the second audit on my 2011 1040 goes.

if only i could meet them face-to-face to see what's wrong and what needs more documentation.

i was audited by the State a few months ago and it was very simple, only one small mistake, which cost me $100. (Mom gave me a loan and did not provide documentation, i told them mom will come down (or provide documentation) and prove it to you and they said, "no." so I just paid them the $100.)

:(

@Steven Hamilton II

No Steve, they're denying ALL my deductions. A year ago the State audited me and found only one minor thing wrong.

I deduct about $25,000 in property taxes on vacant lots I own as investments.

When I first got the notice I was being audited I asked a few CPAs and they all told me I should just amend my 1040.

I made "mistake"? on prior 1040 by listing my business expenses on Schedule C. (Makes sense, business deductions on Schedule C.)

Now I'm told I should do it on Schedule A so I filed amended return with deductions -- mostly property tax I pay on vacant land I own and hold as investment.

IRS sends me Notice of Deficiency, doesn't accept ANY of my receipts and asks why I'm receiving interest on form 1099 from a title company. (Duh, I have 15-installment sales, buyers are paying me principle & interest.)

Should I be worried when I appeal to tax court?

See more: http://www.flickr.com/photos/666_is_money/5774190066/in/set-72157622572057980/

i always do research on why they bid zero, sometimes it's a relative's house . . . many mining claims went to zero one year i went, other years no one bought mining claims, guess 1600/oz gold is an incentive, many I see mining claims sell well on ebay.