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The Watercooler
Ughhh...foreclosure
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<blockquote data-quote="LittleDudesMom" data-source="post: 319299" data-attributes="member: 805"><p>k,</p><p> </p><p>sorry you are going through this. There are two houses on our block that are on short sale, and both haven't moved, nor are they priced anywhere near what they are worth - which is the saddest part. These are houses that would have been worth 250 to 300K more just three years ago. One of the houses went down in price 30K in just the first two weeks - the family had a company come in and they had to sell some beautiful Virginia-made old family antiques. Very sad.</p><p> </p><p>The problem with foreclosures and short sales in this economy - as opposed to five years ago say - is that houses just aren't selling. </p><p> </p><p>The good news is that lower end homes in our area are on the move. Home sales in the 250k and under range have been going up the last few months. Good luck with whatever decision you make.</p><p> </p><p>Sharon</p></blockquote><p></p>
[QUOTE="LittleDudesMom, post: 319299, member: 805"] k, sorry you are going through this. There are two houses on our block that are on short sale, and both haven't moved, nor are they priced anywhere near what they are worth - which is the saddest part. These are houses that would have been worth 250 to 300K more just three years ago. One of the houses went down in price 30K in just the first two weeks - the family had a company come in and they had to sell some beautiful Virginia-made old family antiques. Very sad. The problem with foreclosures and short sales in this economy - as opposed to five years ago say - is that houses just aren't selling. The good news is that lower end homes in our area are on the move. Home sales in the 250k and under range have been going up the last few months. Good luck with whatever decision you make. Sharon [/QUOTE]
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