Free Ebook.


Enter your email address:

Delivered by FeedBurner

« Sign of the Times: Sell Whatever You Can to Keep Eating | Main | Make Money Blogging »

May 19, 2008

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

As investors, we have looked at tons of foreclosures. What amazes me is the ease it is to get into many of these homes- they are not even secured. We kept a close eye once we put a house under contract, since they are purchased "as is". I still don't understand why so many go to auction, and then just sit there. I watched several in my old neighborhood that sat and sat before it went on the market. That is an open door for a squatter because you don't even have a real estate agent looking in on it occasionally and the neighbors aren't always paying attention.

I just say that this is a caution to those looking at foreclosures- you never know what you will find. Don't go by yourself.

It'll take a while before something is figured out with all these empty properties. The suburbs were built up and are now being somewhat emptied out, with a lot of abandoned/foreclosed homes as a result. It's no wonder people who end up with nowhere else to live break into other homes to get some shelter.

I guess if you're bold enough to break into a house, you'd be bold enough to ask the bank owner for a few thousand dollars to leave. That may be a money-making tip, but probably not a good one that could be applied by more than a handful of former homeowners.

I read that Britney Spears article early this morning and immediately thought two things: it's about finance & who writes these ridiculous articles? Headline: Britney is more financially responsible then most Americans. Having a budget is a step in the right direction but it doesn't tell anything about Britney's financial situation. One category, "Misc" lists $5 million in expenses --- on what? My personal budget going back four years is a dollar for dollar list of everything I have purchased giving me full details. Or I could go the Britney way, which the author writes is better than most Americans, and list expenses: $2000, income: $3000.

This reminds me of an NPR piece. Locksmiths are making a mint these days changing locks for realtors, but it's a dangerous job because they never know when a squatter's lurking around the corner.
http://www.npr.org/templates/story/story.php?storyId=89695232

The comments to this entry are closed.

Start a Blog


Disclaimer


  • Any information shared on Free Money Finance does not constitute financial advice. The Website is intended to provide general information only and does not attempt to give you advice that relates to your specific circumstances. You are advised to discuss your specific requirements with an independent financial adviser. Per FTC guidelines, this website may be compensated by companies mentioned through advertising, affiliate programs or otherwise. All posts are © 2005-2012, Free Money Finance.

Stats