Posted by Chuck (AZ) on January 23, 2002 at 13:28:11:
I sold a 1961 in my 55+ park last year for $4,500. The owner died and the family didn’t want to fool with it, so I bought it from them for $2,000. Actually, I’ve done several deals on the homes there, most of which are 60’s/70’s models in excellent condition.
I think your bank is trying to recover from an over-extended loan situtation, at your expense.
Are these banks for REAL?? - Posted by MATTMA
Posted by MATTMA on January 23, 2002 at 13:19:51:
Found a 1963 bank takeover. 2 beds 1 bath. 972 sq.ft.(seems small, not sure exact dimemsons). Needs fixing up.
Ready for this… the bank wants $12,900.
These guys are crazy huh. Anyone dealt with this kind of situation and really low balled them.Reminding them that its a nonperforming asset and you’ll take it off their books for say $2,000 cash.