Posted by Dan on December 07, 2002 at 12:41:45:
In Reply to: Re: While looking at information found vacant house going to f/c posted by Edward NOlan on December 07, 2002 at 01:30:32:
Ed,
Thanks.
I can get in touch with the son in law. I know where he works.
As for the bank and the fax,, do you have a standard form that I can access? Is there such a thing?
The house had a mortgage on it for 79k which I found through the mother/clerk and the public records.
I would say it needs paint in and out, carpet, wall repairs, some landscaping and a lot of cleaning. And that is just from looking at the exterior and what I can see though the mini blinds.
My feeling is that if I paid someone to do the work it would cost in the neighborhood of 10k. Paint-2k, carpet-3k, landscape-2k, misc-2k.
The house is unattractive to me. It sits on a hill with a garage under the house. To get to the front door you have to walk up a set of steel stairs on the front of the house. It only has 2 outside doors. It is located next to some apartments and in an older neighborhood.
My gut feeling is that it is only worth about 45k as it stands and I can't immagine how the bank lent that much for it.
But I'm thinking maybe there might be an opportunity for someone and I'd like to take a shot at it if I can.
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