email: cavebear2118 AT verizon DOT com

Friday, August 12, 2016

Moves

My sister (and hubby and daughter) are moving far away.  She's the 1st of us elder children to leave MD.  They are really going "small" in the new place.  Some people do that after retirement.  I wish them happiness.

My neighbor has moved away.  He said he was coming back to get a trailer he can't store at his new place, and to cut down 2 trees that shade my flowerbeds as they grow larger.  But I'm betting he abandons or sells the trailer and doesn't cut down the trees.  I know how it is when you leave a place.  You leave and forget about the old place.  I wouldn't blame him in the least for "moving on" with his life.

I don't think he actually owns the place now, and I sure can't just go over and cut down a couple trees myself.  Unless I buy the house...

I COULD.  I've accumulated a lot of stocks over the years and they are at a high right now.  Selling some to buy a rental property MIGHT be a good idea, but you never know.  I'd really only be buying the house to control who is my neighbor and get rid of trees shading my flowerbeds and garden.

Yeah, they mean THAT much to me.  Not that I would expect to LOSE money, but breaking even on rent and maintenance over the years and making sure I didn't have a crazy neighbor there sounds good.

I would have the tall junk trees cut down and plant flowering ones, like dogwoods and star magnolias (to match what I am doing in my own yard).   And since it is a smaller 1 story house, I might move there someday and sell my split-foyer (2 level) house when I can't handle the stairs anymore.  I like to plan ahead.

But it is all just thoughts for now.  For all I know, the bank has already auctioned it off or something.  The neighbor doesn't even know who owns the mortgage now.  After several hours trying to find out by phone and internet yesterday, I can't tell either.  Everyone I talk to says it may take weeks for the records to catch up with the foreclosure as these things get sold/traded around very fast.

I could find someone moving in next week, or it could sit abandoned for months while some investment group collects a 100 foreclosed houses to sell to a commercial group.  All *I* can do is wait to see a foreclosure notice on the front door or a For Sale sign in the front yard some morning.

Arghhh!

2 comments:

Just Ducky said...

Yeah, buy it, do what you want to the yard. Do some stuff to the house and flip it! Make some $.

A realtor might be able to help out with finding out the holder of the mortgage. Some foreclosed houses don't end up with for sale signs on them, so you can't count on that.

Megan said...

Ah - sorry Mark. I posted my comment on the following post before I had read this one. Seems odd that your neighbour doesn't know who owns the mortgage! Has the mortgage owner being trying to get money from him?

Megan
Sydney, Australia