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Updated about 17 years ago on . Most recent reply

User Stats

5
Posts
2
Votes
Becky Buchanan
  • Investor
  • Lubbock, TX
2
Votes |
5
Posts

Abandoned House!!

Becky Buchanan
  • Investor
  • Lubbock, TX
Posted

I am a new realtor/investor and have found a house that has been abandoned but need some advice. A neighbor told me they had their car repo'd then they just moved out; this was less than a month ago so it may not have gone into foreclosure just yet. I peeked through windows and they have definately vacated but the property is in a mess. The house should be valued at about $100k and it appears they bought it in 2004 but did find out they owe about $5400 in taxes. What is the best route on this possible deal? How do I find out who the lender is? etc. Your advise is greatly appreciated!!! :shock:

Most Popular Reply

User Stats

1,114
Posts
23
Votes
Eric Foster
  • Real Estate Investor
  • Portland, OR
23
Votes |
1,114
Posts
Eric Foster
  • Real Estate Investor
  • Portland, OR
Replied
Originally posted by "REI":
... Why keep it open? So more people can get knocked about?...

... We are way past discussing the details so let it die...

I understand what you are saying…

However, I just take it personally when I see others do things that I feel are wrong. I don’t like to see things that cause problems with the industry that I support my family with.

I can’t tell you how many deals I have lost to other Investors who were using shady business practices…

Sometimes an idea should be “knocked about”!…

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