RE This Week

Yahoo says 163 houses and 15 foreclosures.

Oh and a note about the house in the "First Foreclosure" post: no realtor's lockbox on the doorknob, so maybe it's sold or maybe it's hidden inventory.

First Foreclosure I Ever Saw in Oxford

If you drive north on 472 for a couple of miles out of Elk and take a right on Glendale (another post on another nearby subject coming up), this is the first house on the right--but it's after the corner house and the mushroom factory just next to it. I don't know the address, but it's got to sit on an acre, and the first few pics don't really convey the depth of the property; those evergreens and yews and other pine-type trees hide a lot of open spots. It's a good-sized lot--maybe an acre and a half. So it's a good sized property and the colonial is nice (not my cup of tea, but that's not at issue here), and I'm betting that inside you'd find an older kitchen and old bathrooms, but probably three or four bedrooms and two full bathrooms. Probably thirty years old, it could have real hardwood floors. 

It must have been a year and a half ago, back when the bust of the RE boom was just beginning to be talked about as a local economic problem in CA, FL, and AZ. By the time people were talking about foreclosures more often, I noticed a realtor's keybox hanging on the door. It was listed online soon thereafter for $125,000, and that was at least half off what it would have fetched just six months earlier when sales were justing barely slowing. There used to be an aboveground pool that a shapely young woman would tan near and walk to and from on the odd coincidence when I would drive by. Also, once the contents were being unloaded, over the course of about a week, the water pump was pulled from the well. That made and makes me wonder if this qualifies as a trash-out and maybe a clean-out, meaning it was trashed intentionally and had all the wiring and copper pulled out on the way out. Who knows. On the bottom pic, you will notice the wide bay window on the front right, and the light coming through it is not a photographic trick: it's what they call a see-through house, in the sense that because it is empty you can see right through it from the outside.

Below, are some brief videos of my pass-by. 

I think the thing I wonder is how low will the price go for this place. It's a nice place on a nice lot, and if someone can handle the shitsmell from the mushroom factory next door, then this place is a good deal. I wonder if it's for sale, since the sign went down a couple of weeks ago, but it hasn't been maintained (notice the lawn height) since a one-time run-through by a contractor back in the early summer who pulled down the pool and did something with all the trash on the left of the house.

Real Estate from Yahoo RE using 19363

13 foreclosures and 157 homes for sale. Not very much change, even though it seems, from what I see driving around, that there are more homes for sale than around mid-summer. 

Hoping to grab a couple of images of the first and second foreclosures I saw back a couple of years ago, plus an exceedingly unsafe business.