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bank owned properties: Hey, Mr. Banker! Shovel Your Walkway, Dude! - 12/27/08 06:30 PM
With the increase of Bank Owned Properties on the market right now, I send a plea to Mr. Banker...
Please, for the LOVE OF GOD, shovel your walkways and driveways. 
And it wouldn't hurt 'ya any to buck up for some, let's say heat and electricity.
I set up showings for two bank owned properties that have been on the market for 90 and 185 days.  The first property had no heat, and while my clients and I walked through with our breath puffing in the air, let's just say this:  my clients weren't inclined to linger.  We walked back to … (6 comments)

bank owned properties: The Bank-Owned Property Conundrum - 10/22/08 09:34 AM
To put it delicately, many of the bank owned properties need...
a little work.
 
 
However, there are wonderful deals to be found for the courageous Buyer.  I currently have a home under contract around $130,000 UNDER comparable properties.  Now, the home needs work, and some  (but not all) of that built in equity will be eaten up by rehab costs.  At the end of the day, my handy Buyer got a great deal on a home.
But, here is the conundrum...
It's very difficult to get financing for a property that is in bad condition.  A tarped roof, broken … (3 comments)

 
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Heather Oberhau, Bucks County Real Estate, e-PRO

Newtown, PA

More about me…

Prudential Fox & Roach

Address: Heather@SoldbyHeatherO.com, 677 S. State Street, Newtown, PA, 18940

Office Phone: (215) 860-9300 x 4778

Cell Phone: (215) 584-2700

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