WOW ! , I just stole a foreclosed condo today for 40K !

Search

Member
Handicapper
Joined
Sep 18, 2006
Messages
18,959
Tokens
Got a cousin that is trying to sell 9 town houses, 1300 sq feet each & she bought them brand new 4 or 5 years ago. Shes just trying to break even, she wants out, she wants 1 million for all 9. This housing market is terrible & its definitely a buyers market.
 

Member
Joined
Sep 20, 2004
Messages
2,334
Tokens
The place went to Hell with too many renters doing stupid shit like trying to wash a rug in the jacuzzi.:):):ohno:

If I walked into someone trying that shit where I live, I'd kick their .... wait, check that... I'd unleash my ex on them. She would scream at them so intently they would shit a brick trying to get away
 

New member
Joined
May 7, 2006
Messages
4,821
Tokens
Barring a miracle, she's not gonna break even on those townhomes from 5 years ago. At a 25-30% loss I might be interested. That's just what real estate has done the past 5 years in most places.
 

Rx God
Joined
Nov 1, 2002
Messages
39,226
Tokens
I got rooked a bit on this. The 40k turned into 43K, I blame that on my agent getting it wrong. I'm going through with it, but a bit pissed about that error !

I went there today for the purpose of talking to other homeowners and getting the straight scoop....found what I wanted, an older woman owner that knew everything about the place, talked to her for an hour. I recommend this to anybody buying a condo. I get info about stuff like special assessments and any other questions answered. She told me the only other unit like mine last sold for 115K maybe 5 years ago.

Parking is very limited there, you can;t have a washer/ dryer ( that really blows), but it is 43K.

I look at this as a place to live for now....and never sell. I'll rent this one out eventually.
 

Breaking News: MikeB not running for president
Joined
Dec 19, 2011
Messages
13,179
Tokens
if you save money and things like this come along , then you have the $$ to take advantage. Congrats I hope you make a profit
 

SportsOptions/Line up with the pros
Joined
Jul 20, 2000
Messages
13,227
Tokens
No washer and dryer? Man that's going to suck for someone. Went without them in college for about a year, I said never again. Pedaling my bike up to the laudromat sucked big time. By the end of freshman year I was banging the campus skanks if they had W & D hook ups.

Never again. Never EVER again.
 

Member
Joined
Feb 10, 2009
Messages
17,706
Tokens
No washer and dryer? Man that's going to suck for someone. Went without them in college for about a year, I said never again. Pedaling my bike up to the laudromat sucked big time. By the end of freshman year I was banging the campus skanks if they had W & D hook ups.

Never again. Never EVER again.


lol
 

Rx God
Joined
Nov 1, 2002
Messages
39,226
Tokens
No washer and dryer? Man that's going to suck for someone. Went without them in college for about a year, I said never again. Pedaling my bike up to the laudromat sucked big time. By the end of freshman year I was banging the campus skanks if they had W & D hook ups.

Never again. Never EVER again.

I was prepared to spend like 3k to get it put in, but nobody has it, even in the 2BR units.

This sucks, but it is still only 43K in a great location, with a 24 hour landromat right close.

I had the inspection today, some really funky things about the place for sure.

My water heater is the basement of the unit next to mine ( have to go through this guy's front door) ...I like this guy, he's cool and let me in his unit, the circuit breaker panel is 7' high.

Still I'm buying it, but it will become a rental in the future
 

SportsOptions/Line up with the pros
Joined
Jul 20, 2000
Messages
13,227
Tokens
You definitely got a good deal. I'd save the difference between what you're paying while you live there and what you would pay somewhere else. Pay yourself first, put away what you're saving on rent each month. Like someone mentioned then you can move on to a better deal/better situation and rent that one out.
 

New member
Joined
Nov 21, 2000
Messages
8,834
Tokens
I would worry about upcoming special assessments, Doug ... I almost got screwed into buying a cheap condo in Boston that had a $23K special assessment coming up. That was why the owners had tried to bail.

When buying condos, you must ask to see the minutes from the HOA meetings from the last 6 months. That is how you know if something is fuckt up.
 

New member
Joined
Aug 12, 2006
Messages
3,331
Tokens
I got rooked a bit on this. The 40k turned into 43K, I blame that on my agent getting it wrong. I'm going through with it, but a bit pissed about that error !

I went there today for the purpose of talking to other homeowners and getting the straight scoop....found what I wanted, an older woman owner that knew everything about the place, talked to her for an hour. I recommend this to anybody buying a condo. I get info about stuff like special assessments and any other questions answered. She told me the only other unit like mine last sold for 115K maybe 5 years ago.

Parking is very limited there, you can;t have a washer/ dryer ( that really blows), but it is 43K.

I look at this as a place to live for now....and never sell. I'll rent this one out eventually.

Buy lotsa socks and drawers. I am talking a 30-45 day supply son!!!
 

New member
Joined
May 7, 2006
Messages
4,821
Tokens
Seeing the hoa minutes is key. Ive turned down many condos in Miami cause they wouldn't show me the minutes
 

Rx God
Joined
Nov 1, 2002
Messages
39,226
Tokens
I'm not sure if I'll be able to get the minutes.

I sold my last place, in part because of this....
 

Rx God
Joined
Nov 1, 2002
Messages
39,226
Tokens
.....

Posted by privateofficernews on January 27, 2011
CLINTON CT Jan 27 2011 — The town will fight a $14 million jury award to a Guilford man injured in a 2005 car crash after being pursued by a Clinton volunteer firefighter. Walter Hopkins, then 19, suffered traumatic, lifelong injuries after being thrown from a speeding car that hit a tree and flipped end over end on Ironworks Road as it was being pursued by a car driven by firefighter Matthew Vincent, police said at the time.
The car, registered to Hopkins, is said by Hopkins’ attorneys to have been driven by William Cardillo, then 22 and a Madison resident. Police said Jackie Douglas, 18, of Clinton was a passenger in the rear of the car.
According to police, the crash occurred after Hopkins’ car was involved in an accident with Vincent’s vehicle and attempted to flee. Vincent, who was en route to his job as a security guard at Clinton Crossing Premium Outlets, gave chase.
According to Hopkins’ attorney, Michael Stratton of New Haven, Vincent illuminated the flashing blue lights used for fire calls as he pursued Hopkins’ car.
In the key allegation of the lawsuit, Stratton claimed that Vincent was “encouraged” by dispatchers in radio calls with Clinton’s emergency communications center “to chase and pursue (the Hopkins car) at high rates of speed.”
The jury found that the town, through the actions of its communications dispatcher, was 90 percent responsible for the crash, explained Hartford attorney Thomas Gerarde, who represented the town’s insurors.
Gerarde said the jury award of nearly $14 million was “not a surprise,” because the cost of the lifetime of care Hopkins was estimated at $5 to $14 million.
However, he said the jury erred in finding the town liable for the crash.
“I think our jury missed the boat on the governmental immunity issue, given that the plaintiff stipulated the dispatcher’s actions were discretionary, and the plaintiff’s own expert testified on cross examination our dispatcher would not have known at any point that the plaintiff was at risk of imminent harm. We are planning our appeal,” he said Gerarde said it seemed inconceivable that a jury could conclude that a driver fleeing the scene of an accident at high speed could be held minimally responsible for causing the crash that injured Hopkins.
First Selectman William Fritz said of the verdict, “Obviously, we feel horrible for the young man injured in the accident. We wouldn’t want that to happen to anybody.”
However, he also disagreed with the jury’s conclusion that the town was responsible. “Our dispatchers in no way encouraged this gentleman to pursue that car,” he said.
Two other lawsuits arising from the accident — one in which Cardillo claimed Douglas was the driver — have been resolved out of court, Gerarde said. Claims against the town in both were voluntarily withdrawn, he said.
Source:Middletown Press
 

Forum statistics

Threads
1,109,920
Messages
13,464,093
Members
99,499
Latest member
summitfence089
The RX is the sports betting industry's leading information portal for bonuses, picks, and sportsbook reviews. Find the best deals offered by a sportsbook in your state and browse our free picks section.FacebookTwitterInstagramContact Usforum@therx.com