Comments on: Columbus Ohio’s Most Prolific 2007 Home Sales http://columbushomesblog.com/2007/12/31/columbus-ohios-most-prolific-2007-home-sales/ Just another realestatetomato.net weblog Tue, 06 Jan 2009 07:46:43 +0000 http://wordpress.org/ By: Joe Peffer http://columbushomesblog.com/2007/12/31/columbus-ohios-most-prolific-2007-home-sales/#comment-5666 Joe Peffer Tue, 01 Jan 2008 22:37:40 +0000 http://www.columbushomesblog.com/2007/12/31/columbus-ohios-most-prolific-2007-home-sales/#comment-5666 Hi Dave, Yeah, even though I'm on top of the MLS everyday, I enjoy looking at the Sunday Dispatch and noticed an unusual amount of banks buying properties, mostly in that price range. Some entire zip codes appeared to be bank buyers. They are mostly foreclosures, not all unlucky families caught in the mortgage mayhem though. Some were undoubtedly sheriff sales and would-be investors who got in over their heads. Every week the banks are well represented. It is usually the bank that ends up buying at each Friday's Sheriff sale. Sometimes bargains are to be had, but more often than not, the combination of property condition, location and market make it a tough sell. Hi Dave, Yeah, even though I’m on top of the MLS everyday, I enjoy looking at the Sunday Dispatch and noticed an unusual amount of banks buying properties, mostly in that price range. Some entire zip codes appeared to be bank buyers.

They are mostly foreclosures, not all unlucky families caught in the mortgage mayhem though. Some were undoubtedly sheriff sales and would-be investors who got in over their heads.

Every week the banks are well represented. It is usually the bank that ends up buying at each Friday’s Sheriff sale. Sometimes bargains are to be had, but more often than not, the combination of property condition, location and market make it a tough sell.

]]> By: Dave http://columbushomesblog.com/2007/12/31/columbus-ohios-most-prolific-2007-home-sales/#comment-5651 Dave Tue, 01 Jan 2008 11:29:26 +0000 http://www.columbushomesblog.com/2007/12/31/columbus-ohios-most-prolific-2007-home-sales/#comment-5651 Hey Joe, On the other side of that, I noticed last Sunday in the Dispatch that there were 70 properties transferred to banks/mortgage companies, most below 100K. Are these foreclosures or are there always this many and I never noticed? Hey Joe,
On the other side of that, I noticed last Sunday in the Dispatch that there were 70 properties transferred to banks/mortgage companies, most below 100K. Are these foreclosures or are there always this many and I never noticed?

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