Reply to Pre-foreclosure next door- how scared should we be?

Forum Index » Real Estate

Reply to "Pre-foreclosure next door- how scared should we be?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]I would only be concerned about who BUYS a foreclosed property. I.e. [b]it will obviously be someone who could not have otherwise afforded the neighborhood[/b]. NOT good to have as a neighbor, from what I have seen. [/quote]

Not necessarily.  Could be someone who just knows a good deal when they see it.   Not everyone is willing to overpay for a "move-in ready" house.[/quote]

I bought my house in 2003 and it was a foreclosure.  I know that my neighbors were very happy to see me buy the house and renovate it as they'd had a series of deadbeat renters there for years.  I paid a little over $200k.  There is a similar house just listed for just under 900k.  there is no way in hell that I'd be able to buy my own house now, and the same applies to many of my neighbors who have lived on theblock for five years or more.  On my block at least, having someone buy a foreclosure has been positive as it's tackled blighted homes on the street.  I have to admit though I might feel a little odd toward whoever buys the almost 900k house though.  That's crazy money.  I expect most of the street might feel the same (though happy that their homes are apparently worth so much too).[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics