Replies to post #23218 on The Friendly Money Making Board

[coydog]

My father and some other farmers owned a bank back in the thirties. The bank failed. I am afraid we are going to see a repeat of many bank failures.

[Realperson]

The housing market is regional.

Utah the prices are going up and peoples taxs with um
One town has advertised the whole town for sale because they cant pay their property tax increase (Huntsville)

[Renavatio]

Not a bad idea. If I was in the market I would be looking to rent if I couldn't buy at $.60-.70 on the dollar. But then again, I try to buy everything that way regardless of the market.

If your looking for bank owned, see if you can find out if Wells Fargo is auctioning any of their REO properties in your area soon. I think I mentioned it before, but I just helped one of my clients buy 2 houses from Wells, one for $141k that appraised for $209k and one for $134k that appraised for $195k. Both of which I consider a good purchase for my area.