Best Answer by realtor.sailor

It's unfortunate that property owners not in foreclosure are still effect by foreclosure. That's because the foreclosed properties are being dumped on the market at extremely low prices. When enough of these hit the market, that creates a new market. However, there is some good news for people like you (and me). When the property values are driven down, that will lower your tax assessment and you pay less in taxes. realtor.sailor ... See all 2 answers