Just bought a house to help the local RE economy. Paid $1.00/sf for 3500 sf home sitting on 1/3A lot. Bank foreclosed on owner and would not renegotiate their loan of $125k. house sold in 03 for $248k. owner took the AC to their new home.
cONGRATS.
It’s amazing the bank won’t negotiate on 125K but is willing to sell for 3500. it doesn’t make any sense to me.
Bert
Hey William, I’ll buy it from you for $4500.
Going to Florida in October, should I bring my tools?:mrgreen:
Marcel,
This is the one I called you about - the uplift in the dining room floor. Figured i can’t go wrong at this price!
it is amazing how Freddie/Fannie won’t work with people but will give them away instead - how this helps the taxpayer is beyond me.
I’m looking at another right now, on canal leading to intercoastal, 2240sf, good shape on .5A lot and thinking of offering $74k. Has boat dock. ten yrs ago I couldn’t touch anything in this neighborhood.
I inspected a home that fetched $30,000. It was immaculate. The deals are out there, you just have to look hard to find them.
BTW: Is it still a good time to invest in Florida real estate? Looking for a townhouse or condo property.
Let me know if you find out what caused the uplift.
Curious about that one. 
RE associations claim prices are going up but I see nothing but price reductions. I just inspected a house yesterday that the price was reduced $35 over last 30 days - now $132k for a 2700sf w/pool.