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: patron_anejo_por_favor who wrote (263136)	7/22/2010 4:08:30 PM
From: tejek	Read Replies (1) of 306849

Both, vacant usually. By the time they're offerred for auction, the original homedebtors have been foreclosed on. Once in awhile illegal squatters will take up residence, but they're easily shooed away. You're lucky. In CA and other places, houses that are left vacant get stripped of appliances, copper, and wiring. One of my neighbors is trying to short sell a house he bought for 395K in early '07. Original price 3 months ago was 275K, it's already been knocked down to 235. If they get to 175, I may bid and make it a rental. Probably needs a new roof though..... Why do you need a roof in AZ? <g> Given that the construction industry is down......what industry in Phoenix will pick up the slack in terms of jobs?

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