The question: Have you or has an investor you know ever bought a mortgage from a bank? I don't mean a foreclosure. I don't mean a short sale. I mean like banks buying mortgages from other banks. A man I know (I don't know him well) is supposedly going to buy a mortgage from a bank instead of allowing it to foreclose. The owner would then supposedly sign over the deed to him. Has anyone done this? It sounds brilliant and I will have to ask him about it, but I haven't ever seen it done. Please leave a comment if you know anything about what I'm asking. Thanks!
And onto the house of the week. Meet Luxury on the Lake. My heart about skipped a beat when I saw this because when we moved to Idaho and started looking, a house similar to this was like double our price range. Now it's fallen into our price range and I couldn't be happier (for me, not the people who are under water).
LOVE the ceiling!
But I think the TV built-in would have to go.
Paint the kitchen cabinets white, perhaps, and maybe darken the floor. And for sure get rid of the red wall that screams 2003.
I'm guessing this is the master bedroom and that sitting area makes me giddy!
Yes, this house made it into my top 3 choices.
I'm linking this up because I need some answers STAT! Thanks' everyone!
Linking up at the great Linky parties found at the bottom of the blog. They are where I find most of my inspiration! Check them out!
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Interesting, I haven't heard of this. And I cannot imagine anyone wanting to do this here in California, it doesn't sound like a good deal at all. That is quite a house, I love houses on water <3
ReplyDeleteYou've never heard of a short sale? They are extremely common.
ReplyDeleteI thought that fell more under a REO type?
ReplyDeleteHello Everyone,
ReplyDeleteAll pictures are beautiful. It is really a great post I have ever seen. Its an amazing experience. I would like to visit it again and again. because I need some more information. Now a days people are in to the habit of making posts. I think it would be a good inspiration for them. Thanks a lot....
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