246 East A Street, Ault CO 80610 ~ $73,000

BID DEADLINE 12/27/2009

Pending = Offer Accepted on 1/07/2010 for $73,000

Ault, CO is a small town 20 miles east of Fort Collins on Hwy 14 (Mulberry St). This house is a large 1,921 sq ft manufactured home built in 2000. It is in excellent condition on the inside and appears to be "move-in-ready" (rare for a HUD home). Although this a corner lot, there are a few drawbacks to the location: It's hard to miss the grain silo and RR tracks across the street. The neighbor has "yard cars" and indoor furniture on the outside patio : (   and HUD  lists one Special Comment: " Subject shares an access drive with the adjoining residence, a shared driveway agreement is required."

Most of the time Easements do not survive a Foreclosure. My question is: Who NEEDS the shared driveway agreement? It's a corner lot, there's a driveway to THIS house from both streets. I would recommend the buyer review the survey and title ins on this one.

HUD Property Case: 052-106031

Jay Ross
Broker/REALTOR  (970) 492-5155

Disclaimer: I am a Licensed Real Estate Broker in both Colorado and Florida.  I am a member of the National Association of REALTORS© and I honor a strict Code of Ethics.  I am a property investor and an experienced remodeler.  I buy, sell, rent and occasionally “flip” real estate myself.  I may also represent other buyers as either a Transaction-Broker or a Buyer’s Agent.  (Please see the mandatory Colorado disclosure: Definitions of Working Relationships.)  ANY AND ALL CONFLICTS OF INTEREST WILL BE DISCLOSED TO ALL PARTIES.

I am NOT an Attorney or a Certified Public Account.  Customers should obtain INDEPENDENT LEGAL ADVICE AND TAX ASSISTANCE.  I am NOT a Licensed Contractor or Property Inspector.  All comments on property conditions are speculative in nature.  Customers are STRONGLY ENCOURAGED to obtain independent contractor bids and opinions, and to make ALL offers Contingent on an “acceptable” independent property inspection.