While they stand on the old Court House Steps selling houses in foreclosure, no one is buying. You have the seller and one witness and no buyers. Yes, the time has come when even the Slumlords aren't even buying.
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
County tax sale is today -- LOL!
ReplyDeleteWelcome to the confidence Obamnomics gives the investor. This is what happens to an economy when the poor are expected to generate growth. This is a perfect example of Obama's trickle no where economics!
ReplyDeleteWow! Maybe I should have went. Maybe, I could have picked something up for dirt cheap with no competition.
ReplyDeletewhen do they have these auctions like this?
ReplyDeleteMost want cash for these sales. I saw homes in Vegas that were selling for $230,000 selling for $60,000, but you had to have cash.
ReplyDeleteMost banks would be happy to just get the remainder of the owed mortgage, people that need these deals the most don't have the cash and there is no financing.
The sale is being conducted in Room 301 of the Gov't office building.
ReplyDeleteWhat time? Are we too late? Not that I would buy, but it may be something to watch.
ReplyDeleteStarted at 10 a.m.
ReplyDeleteStill going
About 200 properties, down from 700 a week ago
Not all that interesting to watch
What happens to the ones that don't get sold at this sale?
ReplyDeleteThey sit and rot.
ReplyDeleteDirt cheap? I doubt it. Behind my house is a home that went into foreclosure and was sold for $57,000. My husband looked into buying it as an investment, and they want $125,000 for it---995 square feet and two bedrooms. Uh, no.
ReplyDeleteGet ready people because our society is about to fall apart and the strong will survive and the meek will get crushed.
ReplyDeletehey joe i was wondering if you could do a follow up on this and see how many got sold and what was left. First time home buyer and wouldnt mind getting a deal instead of paying a grand in rent
ReplyDelete