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Updated almost 13 years ago, 01/06/2012

User Stats

942
Posts
501
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Marci Stein
  • Rental Property Investor
  • New York, NY
501
Votes |
942
Posts

Is it worth it?

Marci Stein
  • Rental Property Investor
  • New York, NY
Posted

Great cottage property in wonderful area went in foreclosure- auction takes place in 3 weeks. current owner will need to be evicted by new owner, no idea what shape he will leave the place in, being as angry as he is. last year taxes due also.
House will need septic tank, currently has cesspool.House will go well under market value, but anyone have experience evicting someone after a sale? Is it too risky buying the place without seeing it,even though i passed by, and not knowing what shape he may leave it in? The main appeal is the location,but not sure if its worth going through the evicting process being i live 2.5 hrs away.anyone has experience with this situation? thanks very much for input.

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