Home > Tag Archives: Finding a foreclosure

Tag Archives: Finding a foreclosure

Hidden Benefits of Foreclosure Hunting

While I’m enjoying my vacation, I have a wonderful guest post for you today. If you would like to guest post here, please read the guidelines, and contact me.   Have you been living under a rock the past few years? No? Well then you must have heard that there was a bit of a real estate crash in the US. The area where we live in Florida was hit particularly hard. But we (the PoPs) were lucky. We weren’t leveraged, had jobs, and were young enough to afford some risk – so we went foreclosure hunting. While we eventually bought a $50K duplex, the road we took to get there was not straight by any means. There were many metaphoric missed turns and surprise roundabouts that we got stuck in along the way. But, boy was it interesting. ¬†Interesting? What Do We Mean Interesting? In fact, of the more “interesting” stories we encountered along our journey went along with one of the first foreclosures that we started to get serious about. It was a single family home in an area that was predominantly rented by recently immigrated families. Built in the mid-1990’s, out of concrete block, with a two-car ...

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