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Foreclosures

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Bryan .
  • PA
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76
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Looks like I finally got one...

Bryan .
  • PA
Posted Aug 3 2008, 10:50

I had a bid accepted on a HUD home yesterday. Same home I bid on about a month ago. Previous deal must have fallen through. Asking price $85,000, I won the bid at $88,000. Agent says I just beat out the next bid. Previous sale that fell through was for $94,500 . Same style house on same street sold for $120,000 3 month ago. Currently a REO across the street that I was also bidding on, asking $136,000.

I will need to put about $15K in repairs. Plan on holding as a rental property for several years. Time to get to work!

:D

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