Posted by MarkB_MI on July 31, 2014 at 02:40:47 from (70.194.9.137):
In Reply to: repo home posted by brandon j on July 30, 2014 at 17:29:07:
Last year we checked out the houses up for tax foreclosure in Oakland County, MI. As I recall the total was around 2000 properties for sale. For each home that was in reasonable condition (meaning the cost of repairs wouldn't exceed the value of the property), there were ten that would be best demolished. Hoarder houses, houses with holes in the roof, mold damage, houses that the previous owners or scrappers had stripped clean. We ended up buying a very nice house that needed a few minor repairs for about the same price the hoarder homes were going for. And we didn't have to evict a hoarder. (I'll bet that's fun!)
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