Flip that House

Foreclosure fallout: Houses go for a $1
http://www.detnews.com/apps/pbcs.dll/article?AID=/20080813/METRO/808130360/&imw=Y

Although this wouldn't be my first choice, there are 3 within 2 blocks of me. The wife has been giving me the elbow jab on the neighborhood ones. Research has led me to find out that I can get each of them for 30k below avg sales price. We'll see...

Is there a website or something that lists the houses that are in foreclosure? Or do you know those are in foreclosure from walking/driving etc. around the neighborhood?

IrishGuy wrote:Is there a website or something that lists the houses that are in foreclosure? Or do you know those are in foreclosure from walking/driving etc. around the neighborhood?

Watch in the newspaper for announcements re: sherrif's sales

IrishGuy wrote:Is there a website or something that lists the houses that are in foreclosure? Or do you know those are in foreclosure from walking/driving etc. around the neighborhood?

I use RealtyTrac for some info, but alot of my pricing info comes from inside the biz. My son has been in the mortgage industry for years, currently employed by a local Title company.

Aside from that, 1 house is directly behind me adjacent prop line, 1 is 3 doors down and the other is 7 houses down the street. Inquiring neighbors need to know.

http://www.realtytrac.com/

meta4 wrote:Watch in the newspaper for announcements re: sherrif's sales

That's true, but it's usually too late then to get the real deal. Uh, maybe not, but you know not all/most of them make to a sheriff sale.

meta4 wrote:

IrishGuy wrote:Is there a website or something that lists the houses that are in foreclosure? Or do you know those are in foreclosure from walking/driving etc. around the neighborhood?

Watch in the newspaper for announcements re: sherrif's sales

Yeah I look through those from time to time, but you know how it is, little font, 2 year old, hungry dog, etc.

IrishGuy wrote:

meta4 wrote:

IrishGuy wrote:Is there a website or something that lists the houses that are in foreclosure? Or do you know those are in foreclosure from walking/driving etc. around the neighborhood?

Watch in the newspaper for announcements re: sherrif's sales

Yeah I look through those from time to time, but you know how it is, little font, 2 year old, hungry dog, etc.

yea, and it's always "parcel described as 50 cubits SSE Of Lot 15 and 15 cubits NNW of somethingorother"....

I originally thought that this would be something I would like to do, but as it turns out I'm not 100% kicked in the arse about this town anymore, and the though of having 3 houses I cant get rid of is less than appealing.

pez wrote:I originally thought that this would be something I would like to do, but as it turns out I'm not 100% kicked in the arse about this town anymore, and the though of having 3 houses I cant get rid of is less than appealing.

This is exactly what a half dozen people I've talked to lately in that situation have said as well. It sucks.

Most recently... "I've got 3 houses on the south side, south of Paulding, and they're worth about $15k each and nobody will even look at them. They're LIVE-ABLE and only need some landscaping."

it's all about location.. if your outside of the 469 loop you can rent the houses somewhat regularly... if your're inside, it's hit or miss, and a lot of the hits usually result in having to spend more money in repairs than you get in rent. especially if you go to the SE side, and not in the area that Pez lives..