Tulsa Sheriff's foreclosure sales doubles
#1
Posted 31 January 2007 - 11:30 AM
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!
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#2
Posted 31 January 2007 - 11:34 AM
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#3
Posted 31 January 2007 - 11:36 AM
Edited by xD&Cox, 31 January 2007 - 11:40 AM.
#4
Posted 31 January 2007 - 11:46 AM
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#5
Posted 31 January 2007 - 11:47 AM
Edited by xD&Cox, 31 January 2007 - 11:49 AM.
#6
Posted 31 January 2007 - 11:55 AM
#7
Posted 31 January 2007 - 01:20 PM
#8
Posted 31 January 2007 - 01:42 PM
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.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#9
Posted 31 January 2007 - 01:52 PM
Edited by calmcookie, 31 January 2007 - 01:53 PM.
#10
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.
Mark
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