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I live on a street with 8 homes on my side of the creek. Only two are occupied. I inquired into purchasing the house next door, I thought I might rent it out, but its in HUD foreclosure, and as such I can do nothing with it. I have to wait until the government wants to sell the house. By then the overgrowth and moisture from living in a swamp will have destroyed that place.
Why not let the vacant homes be bought at a loss? I could rent this house out for 800 a month easy. But oh no, I've gotta wait until big brother decides they want to sell it.
I live on a street with 8 homes on my side of the creek. Only two are occupied. I inquired into purchasing the house next door, I thought I might rent it out, but its in HUD foreclosure, and as such I can do nothing with it. I have to wait until the government wants to sell the house. By then the overgrowth and moisture from living in a swamp will have destroyed that place.
Why not let the vacant homes be bought at a loss? I could rent this house out for 800 a month easy. But oh no, I've gotta wait until big brother decides they want to sell it.
Of course, if the prices were permitted to crash, legitimate savers would buy them up for a song and fix 'em up. So what if the neighbors get POed?
They have crashed, this has nothing to do with the Fed.
Banks don't agree to short sales or foreclosure sales, and keep fooling around with prices. Folks agree to the asking prices, then the banks change the terms and price when time to sign the contract, happens very frequently out here.
They have crashed, this has nothing to do with the Fed.
Banks don't agree to short sales or foreclosure sales, and keep fooling around with prices. Folks agree to the asking prices, then the banks change the terms and price when time to sign the contract, happens very frequently out here.
I have heard the same thing from a few co-workers who have attempted to buy a short sale house. Actually, two were successful but it was a long road there.
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