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Thank you all for your comments. I actually do have a lawyer/banker/realtor. I was more so looking for feedback from ppl who live in LI and know that cost of living such as oil, light and misc. stuff like groceries. I was told that oil is A LOT more than gas and that the light bill (LIPO) is higher than Con Ed. I wanted to know if anyone thinks that I am cutting it close. LI was not my preference it was just the opportunity is located there. FYI come to find out the taxes are actually $6,841.
here a site that might help you. [url=http://activerain.com/blogsview/383016/Buying-Short-Sales]Real Estate Blog - Buying Short Sales[/url] if you really love this house and really worth it ..... 1. hire a real estate lawyer 2. get a real estate agent that knows/experince on short sale and most of all be patient. good-luck......