We found another house but, I do not know how to make an offer.
After everything we went thru on the last house, I am willing to try one more time.
Here is the scoop: There was a group of people who came here from CA. The bought ALOT of land and began to build homes. Somehow, all financing was lost. These people filed bankruptcy and put two local contractors in bankruptcy too.
Many homes are partially built, some are completely built. We found one last weekend which is just about completed. The land is terrible with horrible run off. The drywall in the garage is black because the water comes under the door but, the house is VERY elevated above the garage so, no mold near the HOME.
Now, I have tracked the owner to CA. I have his address. He is foreign and speaks very little english (per local people who knew these men who built these homes).
All of these properties will go into foreclosure. One has already gone tru and sold (for 15K OVER FMV). One is scheduled for auction on 10/28. THE ONE WE WANT is just in limbo. No foreclosure auction scheduled as of today.
These homes were built in 2007 and are all vacant. How do you experienced folks recommend handling this? Send a letter to the owner/builder making an offer? Possible short sale?
I do NOT want this to hit auction or the REALTOR after what we just went thru.
I want to offer my same 35K CASH. House would be worth about 100K IF it did not have the flooded garage and if the front hill was not all washed into the road. It would need to be terraced and a retainer wall put in. The home is not completed. No appliances and the carpet has not been installed. It is also "partially" painted.
Your suggestions please ?????
~~~~~~ Praying for our dream house ~~~~~~