re: #165 RogueOne

My brother had just the opposite experience. He bought a house that had been foreclosed and had some water damage due to frozen pipes. He got it for a steal, easily 40k less than its worth, just because it had sat vacant for over a year.

The bank he dealt with is probably much smarter than the ones my friend dealt with.

One of the reasons they wouldn’t drop the price is because the damage was “minor.” That’s true, but won’t be true for long. The point he was trying to make is that they can sell a $200,000 vacant home for $190,000, or they can sit on it while a minor problem turns into a major problem and sell it for $80,000 because the foundation is fucked. They chose the latter.