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RestorationConsultant
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« on: June 10, 2009, 12:21:08 PM » |
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I am "cautiously optimistic" at this point. We should not lose sight of the fact that this house will be offered at sheriff's sale with a minimum bid of only 140,000.00 which is a bargain in that neighborhood. Asuming no one bids the bank will likely market if for even less at foreclosure which brings that house into the price realm of people who may have the money to but it, but not be able to afford to properly maintain it. You run the risk of types of uses incompatable with the neighborhood.
So I dont think this property is "out of the woods' yet. Hopefully someone will come along who will be a good steward of this classic home.
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