Decent house for sale 25K!! - Loan Modification Forum

CountryWidefool · 12-09-2008, 12:47 PM

I just got back from looking at a bank owned house here in Arizona. They want 25K for it, big lot and the house is in good condition. Built in 1996. I am thinking of paying cash for it. My current home has about -70K equity. Things are bad here, no one is getting loans. I never thought I would see a house like this go for 25K! Unbelievable.

cactus77727 · 12-09-2008, 07:06 PM

Can I take a few wild guesses at where it's at? Maricopa/Casa Grand? Queen Creek? Tolleson? Oh, no wait Buckeye!

CountryWidefool · 12-09-2008, 11:39 PM

It is in Glendale of all places. The neighborhood isn't bad either. I don't know if houses can get much lower than this. I thought it was a typo when I saw it online, had to go check it out.

12-09-2008, 12:47 PM	#1 (permalink)
CountryWidefool Member Join Date: Sep 2008 Posts: 19 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Decent house for sale 25K!! I just got back from looking at a bank owned house here in Arizona. They want 25K for it, big lot and the house is in good condition. Built in 1996. I am thinking of paying cash for it. My current home has about -70K equity. Things are bad here, no one is getting loans. I never thought I would see a house like this go for 25K! Unbelievable.

12-09-2008, 07:06 PM	#2 (permalink)
cactus77727 Senior Member Join Date: Sep 2008 Location: Arizona Posts: 542 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Decent house for sale 25K!! Can I take a few wild guesses at where it's at? Maricopa/Casa Grand? Queen Creek? Tolleson? Oh, no wait Buckeye!

12-09-2008, 11:39 PM	#3 (permalink)
CountryWidefool Member Join Date: Sep 2008 Posts: 19 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Decent house for sale 25K!! It is in Glendale of all places. The neighborhood isn't bad either. I don't know if houses can get much lower than this. I thought it was a typo when I saw it online, had to go check it out.

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