Monday, February 8, 2010

Foreclosures

I got a question, what good is mediation if the person doesnt want the home any longer or can't afford to pay it??click

walking away: click

which comes to mind. all the online auctions we saw were highly indebted properties that were in no way worth anything close to the starting auction price. Note: we didnt do a long and detailed look. But wouldn't it stand to reason that is the case, that's why the property is being foreclosed???

we saw 66 NE 11th way sold. orig asking price 878k, sold for 817. which is way more than I would have paid for it. click and 18k plus taxes a year.

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