Mortgages
Ever since I found out that the neighbor was moving and she “didn’t care” what was going to happen to her house, we started looking into it. Yes buying a house may not be something we are able to do at this point but considering it is a foreclosure, it is right next door, and it really is in great shape we were looking into mortgages and running the numbers on a mortgage calculator to see if it would be do-able.
Of course just based it going for a low price it seems too good to pass up. I wish we would have known how bad her situation was a few months ago, then maybe we would have been able to step in and buy the home either directly from her or from her bank or heck even been able to bid at the auction. As it stands now, a bank owns it. I am making a list of who to call about the various issues regarding the upkeep, and then I am calling the bank again. I can’t imagine us having to get any secured loans but admit to not knowing very much about purchasing a foreclosed home.