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Oddest Home Foreclosure

October 6th, 2008 at 06:53 pm

A girl I used to know in high school had gotten married and moved in down the street from my parents. We weren't exactly friends in high school, but knew eachother. My parents neighborhood was built in the early 60's, but during the boom the houses were going for $150-175,000. Our neighbors across the street bought their house less than 2 years ago, and are trying to sell now. I don't know for sure what they paid for, I believe it was right around $155,000, but they have it listed right now for $110,000. There have been no interested buyers. The man who lives there put in around $20,000 worth of improvements. Needless to say, if they are able to get a buyer, they are taking a HUGE loss.

Anywho, back to the girl I used to know. She and her husbnad had two girls failry quickly, and then suddenly, the house was one the market. It also didn't have any takers, and I think they even put it down to about $90,000. These houses are on the small side and just need some work, so their really haven't been many takers, obviously. Then suddenly, the house wasn't on the market anymore, and they were making improvements to it. They did some things on the inside, and also put a fence around the property.

Last week, the moved. According to my sister's friend (who is all of 8) they were letting the house go because they couldn't afford it anymore. They were also leaving their car to be taken away as well. I don't know how much you can trust an 8 year old, but they did pack up and leave.

Here's the strange part. The people who live across the street, they have been at the house. Parking there and doing work on it. I don't know if they are staying there, but there was carpeting removed (and left on the ground outside the house), and I often see the granddaughter (who is my age) sitting on the front porch swing. While that is weird enough, we just thought maybe they were buying it from the couple or something.

Then, to make it even weirder ... the guy who lives two houses down was painting the house today .... WTH? My only guess is the couple sold it to their neighbors across the street (an older couple) and it looks like their daughter and granddaughter are living in it. Heck, maybe their just staying there until it's foreclosed ... but isn't that just weird.

Shockingly enough, we've only had two houses go into foreclosure so far in our neighborhood. There are a couple for sale, but it looks like most everyone knows there's no way they are going to be able to "move up and on" like they could have in the past. Even the house a couple of houses down is still being kept up by the family of the man who used to own it. He died well over a year ago, and no one is living there, but they keep the grass mowed and the house kept up. They told my parents they didn't want to sell it for such a loss. I don't know if the market will recover here anytime soon ...

My parents had a plan to sell the house this Spring, and take their RV and go. However, their plans are changing, that's for sure.

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