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  • Houses foreclosure / auctions

    I've bought a car at auction like this - a lot of my friends have - put in some work and they ended up doing real solid (was nice being 16 and owning an e36 m3, even though technically had a salvage tittle it was fixed).

    Now in terms of housing - this just like a NO absolutely not ? Or is it hit or miss also ?

  • #2
    with the way the market is today you can find plenty of people that foreclosed due to hardships. plenty of good buys.

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    • #3
      Originally posted by edvedr View Post
      with the way the market is today you can find plenty of people that foreclosed due to hardships. plenty of good buys.
      that is exactly what I'm thinking - if I took some of the money saved - bought up front - no loans and bullshit ( I mentioned before I never even use credit cfard n shit ) so this seems to have potential: any ideas outside of detroit (lol) where you would recommend ? When I was in Ohio I saw houses at like 10-12k - they were awful, but at some point this shit will recover and they aren't making more land.

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      • #4
        foreclosures are a pain in the ass. the banks are stupid and take months to get anything done. your best bet is to buy right off the court house steps you have cash they have title end of story.

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        • #5
          Originally posted by ROCKETW19 View Post
          foreclosures are a pain in the ass. the banks are stupid and take months to get anything done. your best bet is to buy right off the court house steps you have cash they have title end of story.
          exactly bro - i have some cash saved away that I am looking for least paperwork and just cash done n done... good loooks brother.

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          • #6
            Originally posted by ROCKETW19 View Post
            foreclosures are a pain in the ass. the banks are stupid and take months to get anything done. your best bet is to buy right off the court house steps you have cash they have title end of story.
            This is true. Other than the IRS nothing is worse than dealing with Banks.

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            • #7
              bad idea. stay away from home forclosures. may seem like a deal but you most likely get fucked. take you decades to recover and make a profit.

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