Ouch….!!! This man lost $137,000 and is upside down on his “investment”.
I have added the link to the answers to a Trulia Q&A question that was asked by an investor in El Dorado Hills, California that had purchased a property at a courthouse auction.
While this case is a little unusual, I think from the answers that were given by me and other professionals, you will come away with the idea to do your “due diligence” first before you invest in this area.
His dilemma is not one that I think any of us would like to be in.
Click Here for the story and see the answers that were given and let me know what you think. You might want to check back on that link because chances are you will see new answers and advice given.
Make it a great day….!
Ed Favinger, Broker CRS, GRI, SFR email@example.com 916-203-1260
Related articles by Zemanta
- Calif Atty General Asks GMAC to Cease Foreclosures (abcnews.go.com)
- “Jerry Brown Demands Halt to Ally/GMAC Foreclosures” and related posts (calitics.com)
- The 10 Cities for Foreclosures — 6 are in California (laist.com)
- Bargain Hunters Can Make Themselves at Home in Foreclosure Segment of Metro Chicago Real Estate Market, Reports RE/MAX (prweb.com)