A family bought and is moving into one of the repossessed houses in my subdivision

[NNN0LHI]

One down and one to go. I will feel a lot better when there are no empty houses around here.

The new owners have been working on the outside for over a week and have it cleaned up and looking pretty good. I think they are redoing the inside now. The previous family raised a couple of litters of St. Bernards before they walked away from the home so I can imaging its pretty torn up inside.

Don

[doctor jazz]

1. We bought one last month just down the road...just to keep up the appearance of occupancy.

As you say, empty houses are bad news.

[snappyturtle]

2. What happened to the family who was repossessed? I don't worry

swo much about houses being purchased after repossession as I do with what happens to the ones out a home.

[NNN0LHI]

6. Never heard the whole story so I can't say

All I know is they both drove new Audi's and were the only people in this subdivision with "Bush/Cheney - 04" bumper stickers on their cars. Guess that didn't work out for them?

Don

[snappyturtle]

8. Maybe they lost jobs. Regardless of party affiliation, I feel badly for the repossessed.

[lamp_shade]

3. That's a good sign. Baby steps count.

[sinkingfeeling]

4. I bought a foreclosure for my son last August. Sometimes, I wish we'd waited a bit longer.

[JuniperLea]

5. I hope that happens in my neck of the woods soon...

There are four empty/walk-away/foreclosures in my townhome complex. Though I'm sure California will be the last to recover. There is such a huge gap between principal mortgage and market value. A unit just like mine sold for $450k just before the bubble burst... you'd be lucky to sell for $180 now. Everyone but those who bought new are underwater to some degree... I'm at least 50% underwater.

[HowHasItComeToThis]

7. I AND MY WIFE AND DAUGHTER ARE BUYING A REPO

THAT SEEMS TO HAVE BEEN OWNED BY SOME RITCH COOLLEGE STUDENTS AND WE ARE GOING THROUGHT THE PROCESS OF CLEANING IT UP.

[county worker]

9. I may have an offer on my house that has been on the market for over 2 years

The buyers are from England and have cash. Now if the realtor can put them and us together we may have a deal. I'm willing to accept their offer.