We are the note holder and we are foreclosing and near judgement on this one:
5430 N. 55th St., Milwaukee 53218
When we look at the comps they are all over the place and there is no relationship between the older BPO and newer AVM we have. We recently sent a field agent out and the house is still owner occupied and is in very good shape from the outside.
Any idea about value? Thank you.
I invest in that area. Value can vary widely block by block and based on what the condition and exterior of the home and neighboring homes are. Could be $35k on the low end to $95k on the high end. When and if you complete your foreclosure I'd be interested in talking about the house with you!
I have a house about 4 blocks from there. This house is 4 bedrooms 1.5 bathrooms so if it's in good shape it could be around $45k - $55k. It also depends on the extras. Is there a garage? Central air?
Agree with Dawn as long as the foundation is in good shape and the roof has some life left. Maybe I'd be more on the lower end as it's just a single car garage and the concrete driveway looks bad. I'd expect some repairs and deferred maintenance typical for foreclosures..
past mls history indicates
Garage and central air unit for this property
Nice square footage 1356 plus
Nice opportunity with den / office additional space
My suggestion would be to have your realtor list property via mls
to obtain top dollar value ( as-is : spring market )
Worse case -> seller financing or decent rental property
Please keep us posted on the final numbers for this property
Gabe, I'm not savvy about buying notes, but if you were to complete the foreclosure I may be interested in making you a cash offer.
@Gabe K. what ever happened with this?
@Dawn A. Hi Dawn, we have judgement and we're trying to get a deed-in-lieu from the borrower so we don't need to wait another 6 months for the redemption period. Her ex-boyfriend still lives in the house so hopefully he's taking care of it. Pleas stay in touch. Thanks.
i haven't seen 1 sale over $40k
@Dawn A. We are getting a deed-in-lieu this week. Anything new happening in this area? Thanks
@Gabe K. nothing really new.
Originally posted by :
We have the signed deed-in-lieu. Can anyone recommend a local realtor to go take a look? Thanks.
Take a look at what?
@Dawn A. Hi Dawn, to look at the house to see how much it would sell for.
You would have to be able to get someone inside there. Do you have a lockbox on the property or keys to give to someone?
Please private message more details @Gabe K.
@Gabe K. I just sent you a connection request on here. Would be happy to help connect you with a realtor and/or discuss the property.
Hi Milwaukee experts,
We want to do a contract for deed for the current resident. Can anyone recommend someone who can write up a CFD? Thank you.
Did you wind up doing a contract for deed for the current resident?
Ramon did a fantastic job touring the house, taking extensive video and photos of all the features. I am currently gathering financials from the occupant to see if I can do a lease to own for him. Also, I am considering selling it. Thanks.
Originally posted by @Gabe K. :
Ramon did a fantastic job touring the house, taking extensive video and photos of all the features.
This doesn't surprise me -- Ramon is a good guy to work with!
Thank You Gabe and Dawn
@Gabe K. did you do a lease to own on this property?
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