The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Think4Yourself who wrote (71311)	2/3/2007 8:48:15 AM
From: orkrious	Read Replies (2) of 306849

As some of you know, my wife has been looking for a lakefront house for us here in the Detroit suburbs. This morning she told me about the following: A 2300 ft house on Green Lake (no motorcraft) built in 1984. Mrs. Ork says it's ugly. Bought in 2001 for $400k (asking price was $399k) The owners were obviously doing some work on it because there are (were, they're no good) several contractors liens on it. There's now a sheriff's deed on the property for $530k The house is listed for sale for $475. Ork's comment: I haven't seen it but it's probably not worth more than $350k.

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