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Subject: "Anybody know anyone looking to buy a house in Bumfuck AZ?" Previous topic | Next topic
KosherSam
Member since Mar 18th 2004
70132 posts
Tue Feb-24-15 02:51 PM

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"Anybody know anyone looking to buy a house in Bumfuck AZ?"


  

          

Heading out next week to clear out my dad's place and put it on the market.

Several issues exist:

1) His development is in the middle of nowhere. He had to drive 20 minutes on the interstate to go grocery shopping.

2) The economy crashed while they were building that phase of the development, so they stopped building. His block is finished, but you go a block or two in any direction, and it's paved streets and sidewalks with no houses on the block.

3) In southern Arizona, you have to sell the house in Winter or else. Ain't nobody moving in 120 degree heat. So by the time we finish cleaning it out, we'll have like 3 weeks to sell it or else be stuck with it for at least 6 months, with me on the hook for the mortgage.

4) Looking at other listings in his neighborhood, all of them seemingly have been on the market for 6 months or more.

So basically, in order to try and move this house within the very brief time period that we have, we're gonna have to find the most comparable house, undercut their price by 10% or more, and use the agent selling that house to tell any previously interested buyers about this new listing.

After the sale goes through, I'm gonna wind up owing 5 figures on this place, smh...

*Jews you*

"this is okp tho, reading is completely optional" (c) desus

Proceed with caution. I am overtly racist.

<-- In Pigpen we trust

  

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Topic Outline
Subject Author Message Date ID
may I ask
Feb 24th 2015
1
I'm the executor of the estate
Feb 24th 2015
5
      dang that sucks....I know my mom just went through this
Feb 24th 2015
7
sucks. curious, what happens if the state/bank just takes it?
Feb 24th 2015
2
Would it be too much of a hassle to try and rent it out?
Feb 24th 2015
3
There's absolutely nothing there. Can't imagine a rental situation
Feb 24th 2015
6
      Better call Walter White?
Feb 24th 2015
8
can you short sell it?
Feb 24th 2015
4
near phoenix or Tucson?
Feb 24th 2015
9
Green Valley, about 45 mins south of Tuscon, 20 mins south of Sahuarita
Feb 24th 2015
10
      How close to Sierra Vista?
Feb 24th 2015
11
      90 Miles / Hour and a Half
Feb 24th 2015
12
      yeah... if it were near phoenix it would sell
Feb 24th 2015
13

SouthernGul
Member since Oct 17th 2002
4149 posts
Tue Feb-24-15 02:55 PM

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1. "may I ask"
In response to Reply # 0


          

Why not just clean it out, gather all the personal belongings, and allow the bank to foreclose if you will end up owing money in the end? If the mortgage is still in your father's name, just don't make the payments. His credit isn't a consideration at this point.

  

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KosherSam
Member since Mar 18th 2004
70132 posts
Tue Feb-24-15 03:03 PM

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5. "I'm the executor of the estate"
In response to Reply # 1


  

          

which means it may or may not go against MY credit rating if I stop making mortgage payments, plus the bank could place a lien on the estate to freeze up the remaining assets.

*Jews you*

"this is okp tho, reading is completely optional" (c) desus

Proceed with caution. I am overtly racist.

<-- In Pigpen we trust

  

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FLUIDJ
Member since Sep 18th 2002
44616 posts
Tue Feb-24-15 03:04 PM

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7. "dang that sucks....I know my mom just went through this"
In response to Reply # 5


  

          

but I just don't recall if there would have been an affect on her credit....
it took two years to sell my grandparent's property


.

  

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FLUIDJ
Member since Sep 18th 2002
44616 posts
Tue Feb-24-15 02:57 PM

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2. "sucks. curious, what happens if the state/bank just takes it?"
In response to Reply # 0
Tue Feb-24-15 02:57 PM by FLUIDJ

  

          

does it affect you and your family adversely?
.

  

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The Wordsmith
Member since Aug 13th 2002
17070 posts
Tue Feb-24-15 03:00 PM

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3. "Would it be too much of a hassle to try and rent it out?"
In response to Reply # 0


  

          


Since 1976

  

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KosherSam
Member since Mar 18th 2004
70132 posts
Tue Feb-24-15 03:04 PM

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6. "There's absolutely nothing there. Can't imagine a rental situation"
In response to Reply # 3


  

          

It's a 55+ community with nothing around it for miles. Can't foresee a scenario where someone would be looking to rent a house there.

*Jews you*

"this is okp tho, reading is completely optional" (c) desus

Proceed with caution. I am overtly racist.

<-- In Pigpen we trust

  

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FLUIDJ
Member since Sep 18th 2002
44616 posts
Tue Feb-24-15 03:05 PM

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8. "Better call Walter White? "
In response to Reply # 6


  

          


.

  

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rdhull
Charter member
33135 posts
Tue Feb-24-15 03:02 PM

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4. "can you short sell it?"
In response to Reply # 0


  

          

  

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PoppaGeorge
Member since Nov 07th 2004
10384 posts
Tue Feb-24-15 03:27 PM

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9. "near phoenix or Tucson?"
In response to Reply # 0


  

          


---------------------------

forcing myself to actually respond to you is like bathing in ebola virus. - Binlahab

Like there is stupid, and then there is you, and then there is dead. - VAsBestBBW

R.I.P. Disco D

  

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KosherSam
Member since Mar 18th 2004
70132 posts
Tue Feb-24-15 03:34 PM

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10. "Green Valley, about 45 mins south of Tuscon, 20 mins south of Sahuarita"
In response to Reply # 9


  

          

*Jews you*

"this is okp tho, reading is completely optional" (c) desus

Proceed with caution. I am overtly racist.

<-- In Pigpen we trust

  

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ThaAnthology
Charter member
21061 posts
Tue Feb-24-15 04:54 PM

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11. "How close to Sierra Vista? "
In response to Reply # 10


  

          

www.anthologyfmn.com

Enter the Written World of Fahim Malik Nassar

The House of Caine (available)

Melancholoy Funk (available)

Tha Anthology (Words 2001-2003) Poetry inspired by OKP and Wash, DC
(available)

The Spook who sat by the Radio Poetry (av

  

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KosherSam
Member since Mar 18th 2004
70132 posts
Tue Feb-24-15 05:10 PM

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12. "90 Miles / Hour and a Half"
In response to Reply # 11


  

          

*Jews you*

"this is okp tho, reading is completely optional" (c) desus

Proceed with caution. I am overtly racist.

<-- In Pigpen we trust

  

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PoppaGeorge
Member since Nov 07th 2004
10384 posts
Tue Feb-24-15 05:27 PM

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13. "yeah... if it were near phoenix it would sell"
In response to Reply # 10


  

          

near tucson it's gonna sit.

There's communities in the middle of nothing down I10 from Phoenix that have no problem selling with the nearest stores in Buckeye. But down thataway??? Nah, I can't see it selling at all.


---------------------------

forcing myself to actually respond to you is like bathing in ebola virus. - Binlahab

Like there is stupid, and then there is you, and then there is dead. - VAsBestBBW

R.I.P. Disco D

  

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