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2 Responses to “Columbus Ohio’s Most Prolific 2007 Home Sales”
Hey Joe,
On the other side of that, I noticed last Sunday in the Dispatch that there were 70 properties transferred to banks/mortgage companies, most below 100K. Are these foreclosures or are there always this many and I never noticed?
Hi Dave, Yeah, even though I’m on top of the MLS everyday, I enjoy looking at the Sunday Dispatch and noticed an unusual amount of banks buying properties, mostly in that price range. Some entire zip codes appeared to be bank buyers.
They are mostly foreclosures, not all unlucky families caught in the mortgage mayhem though. Some were undoubtedly sheriff sales and would-be investors who got in over their heads.
Every week the banks are well represented. It is usually the bank that ends up buying at each Friday’s Sheriff sale. Sometimes bargains are to be had, but more often than not, the combination of property condition, location and market make it a tough sell.
Don
Dave
January 1st, 2008
Hey Joe,
On the other side of that, I noticed last Sunday in the Dispatch that there were 70 properties transferred to banks/mortgage companies, most below 100K. Are these foreclosures or are there always this many and I never noticed?
Joe Peffer
January 1st, 2008
Hi Dave, Yeah, even though I’m on top of the MLS everyday, I enjoy looking at the Sunday Dispatch and noticed an unusual amount of banks buying properties, mostly in that price range. Some entire zip codes appeared to be bank buyers.
They are mostly foreclosures, not all unlucky families caught in the mortgage mayhem though. Some were undoubtedly sheriff sales and would-be investors who got in over their heads.
Every week the banks are well represented. It is usually the bank that ends up buying at each Friday’s Sheriff sale. Sometimes bargains are to be had, but more often than not, the combination of property condition, location and market make it a tough sell.