http://www.getrealtacoma.com/2009/06/bargain-watch-1500-sq-ft-bank-owned-foreclosure-at-allenmore-ridge-for-160000/ Real Tacomans on Real Estate Fri, 30 Jul 2010 16:18:37 +0000 http://wordpress.org/?v=2.6.3 http://www.getrealtacoma.com/2009/06/bargain-watch-1500-sq-ft-bank-owned-foreclosure-at-allenmore-ridge-for-160000/#comment-2553 patrick Tue, 21 Jul 2009 20:30:14 +0000 http://www.getrealtacoma.com/?p=745#comment-2553 Went and looked at this property this past weekend and we where in the process of making an offer. When the Red flags came out. 1st off the property HOA is involved in litigation that makes it very tough to get financing until this process is complete. The second issue is that it has a $20,000 special assessment levied against the unit from the HOA and there is another $10,000 of work yet to be completed that will be assessed by the HOA. This deal is not for the first time home buyer! You will need deep pockets to maintain this unit. That said, I have no doubt that this is a great buy and if you are looking for a condo and have some long term money to put to work, this would be a great option. Went and looked at this property this past weekend and we where in the process of making an offer. When the Red flags came out. 1st off the property HOA is involved in litigation that makes it very tough to get financing until this process is complete. The second issue is that it has a $20,000 special assessment levied against the unit from the HOA and there is another $10,000 of work yet to be completed that will be assessed by the HOA. This deal is not for the first time home buyer! You will need deep pockets to maintain this unit. That said, I have no doubt that this is a great buy and if you are looking for a condo and have some long term money to put to work, this would be a great option.

]]> http://www.getrealtacoma.com/2009/06/bargain-watch-1500-sq-ft-bank-owned-foreclosure-at-allenmore-ridge-for-160000/#comment-2089 Patrick Wed, 01 Jul 2009 22:32:44 +0000 http://www.getrealtacoma.com/?p=745#comment-2089 Well not exactly, PITI on this property will be closer to $1400 when you add in taxes. Still a good buy!! Well not exactly, PITI on this property will be closer to $1400 when you add in taxes. Still a good buy!!

]]> http://www.getrealtacoma.com/2009/06/bargain-watch-1500-sq-ft-bank-owned-foreclosure-at-allenmore-ridge-for-160000/#comment-2064 Janet Matzke Wed, 01 Jul 2009 06:02:32 +0000 http://www.getrealtacoma.com/?p=745#comment-2064 I like your posts, Marguerite. That is a terrific deal on the condo also-are these the ones that were just remodeled? Janet I like your posts, Marguerite. That is a terrific deal on the condo also-are these the ones that were just remodeled?
Janet

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