No. I recently purchased a house that was bank owned. Reasonably priced in the depressed market. But the clowns in the tax appraisers office reestablished the tax basis assigned before the foreclosure. The arrogance of those people. One would think they would be grateful someone would be willing to invest in their community. If they do not reduce the appraisal value of this house I will sell it and never move there. Let someone else deal with those clowns.