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Tulsa Sheriff's foreclosure sales doubles


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#1 Rogerdodger

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Posted 31 January 2007 - 11:30 AM

Tulsa County Sheriff's foreclosure list

After averaging 31 foreclosures for the past 5 weeks, the first week of March sees a jump to 71 in Tulsa county.
Unemployment is a very low 3.5.

Wait until the ARMS adjust.

So far, I'm not on the list.


Oh, Yeah, I almost forgot...IT'S SNOWING AGAIN! :cry:

#2 mss

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Posted 31 January 2007 - 11:34 AM

:angry: Thanks for sending your ICE, SLEET, & SNOW our way tonight. :cry: [attachment=5237:attachment]
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!

#3 A-ha

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Posted 31 January 2007 - 11:36 AM

Whenever I see a comment about foreclosures I remember Sam Zell's new year card that made me fall off my chair here... I know he is living in a different world... commercial real estate but man did he nail the market top or what :lol:

Edited by xD&Cox, 31 January 2007 - 11:40 AM.


#4 Rogerdodger

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Posted 31 January 2007 - 11:46 AM

You mean this Sam Zell card?

#5 A-ha

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Posted 31 January 2007 - 11:47 AM

Yes. That famous excess liquidity message.

Edited by xD&Cox, 31 January 2007 - 11:49 AM.


#6 denleo

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Posted 31 January 2007 - 11:55 AM

That's why I bought home builders this morning and they are up over 2% so far. Denleo

#7 nimblebear

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Posted 31 January 2007 - 01:20 PM

Wow ! Most of those homes are well under $100,000. Average price of homes in this area is over $250000. Didn't know you could buy homes anywhere that cheap. If those appraisals are accurate, I would guess a number of these folks, have a relatively low income.
OTIS.

#8 Rogerdodger

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Posted 31 January 2007 - 01:42 PM

Often the Sheriff's appraisal is below the market a bit.
You have to bid a minimum of 2/3 the appraisal.

But our prices here have not seen the bubble.
We have a lot of east coast folks selling their home and buying here.
They get a much bigger house and a nice nest egg on the side.

A friend's son closed on this 4 year old home last week.
It was just under 3000 s/f for under $250,000.
With a 3 car garage. Property taxes about $3000 a year.
The under 30 kid works for a mortgage company.

Edited by Rogerdodger, 31 January 2007 - 01:56 PM.


#9 calmcookie

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Posted 31 January 2007 - 01:52 PM

Roger, SNOW? AAAAaaak !!! ... spent 27 years in dark Canadian winters and don't miss it a bit. Even Austin is too cold right now for this swim and sun fan ... so Friday - off to Acapulco ... will have a sip of tequila, just for you (had to rub it in :lol: :P :lol: )

Edited by calmcookie, 31 January 2007 - 01:53 PM.


#10 OEXCHAOS

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Posted 31 January 2007 - 02:36 PM

Wow ! Most of those homes are well under $100,000. Average price of homes in this area is over $250000.
Didn't know you could buy homes anywhere that cheap. If those appraisals are accurate, I would guess a number of these folks, have a relatively low income.



This is exactly so. Most of the cute adjustables and slimy uneconomic deals are pitched to poorer, less sophisticated buyers. I've been seeing a lot of bank owned homes in our market, and most of them are under $120k and some are a LOT lower than that. You can buy decent rehabbable urban properties in NKY for $30-60K and under $100K for biggerones. Cincinnati proper is a bit more expensive, but not all that much. Of course, in great school districts, the prices go way up for pretty cummy homes even.



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