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Updated about 8 years ago,

User Stats

210
Posts
77
Votes
Tom Chen
  • Real Estate Investor
  • Flushing, NY
77
Votes |
210
Posts

Property next door to me foreclosed...I think...

Tom Chen
  • Real Estate Investor
  • Flushing, NY
Posted

Hello all,

So the property that is directly next door to me has been abandoned for approximately 2 - 3 years now.  Couple had a bad divorce and the interior is actually kind of a mess.

That said, the property is NOT listed anywhere that I can see and comparable homes are around $350,000.  I believe Zillow has it estimated value at around $250,000.

I think I've found the bank...is it wise to try and move in on this property that's directly next to me?  I'm thinking about buying and flipping.  If the new owners have an issue, will that make things awkward?  

Thanks in advance!  This is in Long Island, New York

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