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#1
Jun 28, 2008, 10:25 PM
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Anyone house buying out there? I am. I still am. I am going through FHA and to slow things down even more I am purchasing a bank owned forclosure. Well the good thing is, I am buying a house for 47,000 which sold for 106,000 a few years ago. Not bad! But waking up every morning saying "gee i wonder how much longer my closing date will be delayed" is a headache! Who can relate out there I want to rant!!
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Do not stand at my grave and weep; I am not there. I do not sleep. I am a thousand winds that blow. I am the diamond glints on snow. I am the sunlight on ripened grain. I am the gentle autumn's rain. When you awaken in the morning's hush, I am the swift uplifting rush of quiet birds in circled flight. I am the soft stars that shine at night. Do not stand at my grave and cry; I am not there, I did not die. R.I.P. Bandit 7-12-08 I love you I miss you. |
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#2
Jun 28, 2008, 11:25 PM
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I bought a foreclosure last year. I will never ever buy another house that is not a foreclosure! you can buy them for half what is owed on it. the loan on my place was still over 96k. I bought it for 45k and that is 3 acres with a 2 room cabin and a mobile home and a large workshop.
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He who angers you controls you! |
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#3
Jun 29, 2008, 12:44 AM
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It's definately a buyers market.
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I've been married for 24 years and have four wonderful children. |
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#4
Jun 29, 2008, 02:27 PM
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Yes it is. If I wanted to i could buy a beautiful colonial in detroit, but its not worth living in a city where i could get shot the very next day. But detroit has some of the most beeeeautiful houses ive ever seen, i wish i could take one to a dif city.
__________________
Do not stand at my grave and weep; I am not there. I do not sleep. I am a thousand winds that blow. I am the diamond glints on snow. I am the sunlight on ripened grain. I am the gentle autumn's rain. When you awaken in the morning's hush, I am the swift uplifting rush of quiet birds in circled flight. I am the soft stars that shine at night. Do not stand at my grave and cry; I am not there, I did not die. R.I.P. Bandit 7-12-08 I love you I miss you. |
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#5
Jun 29, 2008, 02:37 PM
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Bebop is definatley right about the bargain in foreclosures, but as a word of caution, please do yourself a favor, spend some money and hire a qualified inspector to thoroughly go through the house,
Often these houses are in dis-repair and the owners knowing they face eviction will sometimes vandalize the house( the most comon one is to remove fixtures). Just know what you are getting into for repairs before you sign any docs to close. WIth that said best of luck!  TJ |
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#6
Jun 29, 2008, 04:20 PM
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Yeah, I saw a news special about the housing market in Detroit about 6 months ago. It was about one wealthy man buying many houses (including mansions) for pennies on the dollar. He had a valid point, he had the money to hold on to the houses until the market turned around and in the mean time he's using them as rental properties.
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I've been married for 24 years and have four wonderful children. |
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#7
Jun 29, 2008, 04:44 PM
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Good luck on the house buying! Let us know when your first BBQ is! lol
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#8
Jun 30, 2008, 03:10 PM
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Your darn right there will be a BBQ! lol I love BBQ'S! I already hired an inspector, everything is good to go. The pool is probably full of mosquito larvae, but hubby knows a pool proffesional so that will be their project. My project will be landscaping!
__________________
Do not stand at my grave and weep; I am not there. I do not sleep. I am a thousand winds that blow. I am the diamond glints on snow. I am the sunlight on ripened grain. I am the gentle autumn's rain. When you awaken in the morning's hush, I am the swift uplifting rush of quiet birds in circled flight. I am the soft stars that shine at night. Do not stand at my grave and cry; I am not there, I did not die. R.I.P. Bandit 7-12-08 I love you I miss you. |
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