Ed Daughenbaugh's blog

My cousin found a house and scheduled an appointment to view it. We both went. 3BR/2BA w/detached garage, near to the major hospitals. Already foreclosed, bank owned property. Needs some major work, but not to bad.

Last appraised at $65K, the bank is asking $17K. We offered $12K and waited.

The first two calls from the agent told us that the bank was not accepting the offer. We told him that we know that the house is a liability on the banks books and they must get rid of the house and on the third call he said that the bank had accepted the offer, and we went and did the paperwork, same day.

Closed about a week later!!!!!!

We pulled up the nasty carpet and discovered well protected hardwood floors on the ground floor level!!! Bonus!!!

What action will you take today?

Yesterday, I finished the 3-day workshop. The 3 long days took a toll upon me and it was difficult to pay attention that 3rd day. I left the conference center physically and mentally exhausted.

When I arrived home again, I got online and came to Dean's site (here) and updated my thread in the forum and read thru some other active topics.

This morning as I opened my email, I discovered that Dean has been reading my posts and my profile. The email lifted my spirits, thank you!