Re: i found an vacant house - Posted by Ronald * Starr(in No CA)
Posted by Ronald * Starr(in No CA) on April 25, 2002 at 21:20:26:
This may be a good opportunity for you. But you don’t even mention where you are. If you are here in CA, you could call a local title insurance company and ask for customer assistance. Then, by giving them the addresses, you can get information from them, which would include some information about the age an size of the houses, the owners’ names and tax bill mailing addresses, and copies of the deeds to them and the loans recorded at the same time as the deeds.
Try to find a phone number for the owner and call up and talk. Don’t sign any contract until you have had a chance to check things out more and ask questions here on CREONLINE.COM . If necessary, go to the owner’s house and talk face to face.
Now, please think about it a bit. If there are several vacant houses on one block, does that mean that this an area where most people do not want to live? I know you live there now, but is this a location you will want to live in for many years? If not, you might be better advised to attempt to buy a vacant house in some other neighborhood, where you would rather live.
If the above is so, you might well want to study up on the topic of buying vacant houses. You can do so by running some searches in the archives here. Just push “search” button at the top of the home page for this main bulletinboard forum. Then put in a word or phrase that you want to know more about such as “vacant house.” You will probably get lots of information instantly.
Good InvestingRon Starr*********