Rich WeesePoster#2 Off Topic Contributor
- Real Estate Investor
- the villages, FL
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Can you beat this???
I'm ramping up to maybe start buying at foreclosure sales here in FL. I've now attended 2 . Yesterday, a home I looked at in Cape Coral, FL went to sale. I went unprepared to buy, but had looked at a property and determined top value I'd pay. The loan on it was for $260K plus change. No chinese drywall problem. I would pay a max of 56K. 4-2-2. It went for 52K! That is 1/5 of loan balance or $.20 on the dollar.
Anyone top this? I'll be attending wed auction prepared on 2 others , if they go through. Rich