How long does a house stay in foreclosure?

[Anybodyhome]

So, they left their animals there to die once the food and water ran out? I don't care how far south and how quickly things turned for the worse, that's simply not what a normal human being does....sorry.

 

Have a friend in the real estate FC business in High Point/GSO and he told me I'd be surprised just how many people leave their animals behind.

 

I'm pretty non-judgmental about most things, but that is certainly not excusable.

[Inimicus]

sounds like it is in need of a fire!

 

 

if there was a house like that in my hood....it would be tempting

 

Was going to say the same thing.

 

 

 

 

A few years back there were some townhomes on the east side of Gboro that were only half built when the developer went under/abandoned the project as the housing market collapsed.  The townhomes backed up on a neighborhood and those home owners claimed that between the vermin and the half built structures forming a backdrop to their homes and the weak market their home values were getting the double whammy.  The county refused to do anything to remedy the situation.

 

 

They mysteriously burned down...

[Scrumtrilescent]

Isn't it not approaching the breakeven point for totaling it and rebuilding?

[Happy Panther]

Isn't it not approaching the breakeven point for totaling it and rebuilding?

 

The appraiser guy said basically as long as the structure and foundation are sound you keep it

[thefuzz]

The appraiser guy said basically as long as the structure and foundation are sound you keep it

 

 

He's right.

 

You can rip out all the flooring and drywall and have them replaced for 10K or so.

 

After ripping out the drywall and any insulation that the water touched you will have a good idea if the structure itself is in good shape.  Depending on the price, someone smart will go in there and have it fixed up within 4 months if they have a little cash sitting around.

[Happy Panther]

So it finally went on sale for 70k above the Zillow estimate. Somebody is going to get hosed if they offer anything near that. The yard is screwed up. They threw up cheap plywood stuff like a front railing that will have to be replaced.

 

The fact that the cleaners came in and cleaned everything up in a day makes me think there will be lingering issues. 

 

Caveat Emptor

 

 

[thefuzz]

So it finally went on sale for 70k above the Zillow estimate. Somebody is going to get hosed if they offer anything near that. The yard is screwed up. They threw up cheap plywood stuff like a front railing that will have to be replaced.

 

The fact that the cleaners came in and cleaned everything up in a day makes me think there will be lingering issues. 

 

Caveat Emptor

 

 

Just an FYI, Zillow is absolutely terrible about determining actual values.

[Ja Rhule]

Just an FYI, Zillow is absolutely terrible about determining actual values.

Zillow sucks ass... They have my brand new home for 77k... My land alone cost $60k.

[Happy Panther]

Just an FYI, Zillow is absolutely terrible about determining actual values.

 

I know but it's not bad in my neighborhood. Our house was appraised at 10k below Zillow this year.

 

Our house is 800 sf bigger than next door and the listing is 95k more than we bought ours for a few years ago..

[Davidson Deac II]

The bank finally did something and it is going for sale or auction, not sure which.

 

So a cleaning crew comes in and they said it was the second worst house they had ever seen. The trash bill alone will be at least 10k.

 

There are dead animals. Dogfood all around. BBs in every room. They tried to move a fussball table down the stairs and it got stuck so they left it. Lot's of mud and dirt.

 

Mold anyone?

 

And they left all their poo. Like entire rooms full of stuff.  Lots of personal pictures

 

they said the one kid had makeshift weapons made out of wood and nails and his room was vampire themed.

 

This is the same kid who shot a neighborhood dog with a bow and arrow. And drove his dirt-bike in a circle on their front yard (this is an upscale neighborhood.) And would start grass fires in the common area.

 

They took the guts out of all HVAC units.

 

But the kicker...they cut the pipes. So when the water was turned back on everything flooded. I guess it was either copper and worth something or they were just sabotaging to be dicks.

 

At least they aren't our neighbors anymore.

 

When my wife and I were first married, we owned a small house in a relatively isolated area on a very small parcel of land.  We decided to move to a bigger house, and rented out the smaller one.  Our first renters were pretty decent.  The guy would get drunk and complain a lot about things that were out of my control (like to many birds flying over :)), but he paid the rent and took good care of the place. 

 

But our next renter was horrible.  She paid the rent in cash on time for about the first 8 months or so.  Then she just disappeared.  I went to the house every couple of days for a couple of weeks, and no one was home.  The place appeared to have been abandoned.  So eventually, I just went in. 

 

I was shocked at what had been done to the place.  Someone had taken brass knuckles and punched holes in the wall.  I had to go back out to my truck and get my heavy boots out because their were syringes laying on the floor.  The washing machine had mushrooms growing in it because someone had left a piece of meat laying in it.  They had ripped the floorboard up seemingly just for the heck of it.  They had urinated on the walls and floors.  By the time I finished going through the place, I was nearly in tears at the condition of it. 

 

I cleaned it as best I could, and sold it for what I could get for it.  In the end, I lost about 10 grand on it.  I swore then I would never be a landlord ever again. 

 

I found out later own that the renter was convicted of sexual abuse of her 12 year old son, and her boyfriend that had been staying with her was convicted of running a meth ring.  She truly was scum of the earth.  But I guess I should be glad they didn't turn my place into a meth lab.  At least I was able to get a little money out of it. 

[Wanderlai]

I rented out my first home and have given up on even trying to rent it anymore. Nothing but complete trash call about it or people on disability that have 5 or more kids. Lord how I wish a tornado would help me out. 

[pstall]

the better value estimator out there is on bofa's website.

 

also if you guys want to do some homework on forecloseures, check out creditboards dot com. great resource for debt, money mgmt and laws and statutes from state to state