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  1. #1
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    Seized fixer-upper mansion for sale...bid now!!!

    If you've got some disposable cash and you are handy swingin' a hammer, this might be for you:

    Federal Agents To Sell Seized Mansion Online - Videos - KXAS

    Bid4Assets AuctionID (380358)

    I have to chuckle when I see it listed as a single-family residence. I drive by this neighborhood once in awhile. It's a gated community, so one cannot go in and look around. Shame about all the damage that occurred...


    Last edited by jbhtexas; 05-21-2008 at 10:53 PM.
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  2. #2
    Burgermeister!
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    Re: Seized fixer-upper mansion for sale...bid now!!!

    How about this - L.A. Land : Los Angeles Times : Update: Congresswoman denies foreclosure report

    Reported that a California congresswoman walked away from a $535K mortgage. Apparently she just "took a break" from making payments. Long enough to accrue $40K in interest and fees.



  3. #3
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    Re: Seized fixer-upper mansion for sale...bid now!!!

    I'm just loving the names of the neighbors (shown in the video).

    Vijay Chawla
    Pat Potts

    Good stuff!



  4. #4
    Chile Mac is Back!
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    Re: Seized fixer-upper mansion for sale...bid now!!!

    I think the problem for many of us is that the starting bid is still over 600k.



  5. #5
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    Re: Seized fixer-upper mansion for sale...bid now!!!

    I wish I had a pool in my basement.



  6. #6
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    Re: Seized fixer-upper mansion for sale...bid now!!!

    Quote Originally Posted by DJK15 View Post
    I wish I had a pool in my basement.
    You don't have one already? Are you Amish?



  7. #7
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    Re: Seized fixer-upper mansion for sale...bid now!!!

    The reserve hasn't been met yet!



  8. #8
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    Re: Seized fixer-upper mansion for sale...bid now!!!

    I can only imagine what might still be hidden in that house or who knows about secret exits and entries into it. Definitely would want to get it all fixed up before moving in.



  9. #9
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    Re: Seized fixer-upper mansion for sale...bid now!!!

    Since it is a public auction you probably have to pay cash, no loans, nothing....



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  10. #10
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    Re: Seized fixer-upper mansion for sale...bid now!!!

    a stage upstairs? i'm sure since the roof wasn't finished the brass pole wasn't installed yet either.



  11. #11
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    Re: Seized fixer-upper mansion for sale...bid now!!!

    I imagine the rats and roaches are having a hey-day in that little bungalow.


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  12. #12
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    Re: Seized fixer-upper mansion for sale...bid now!!!

    I would pay 600k for that, put in a few hundred k more and you can sell it for millions! This is still 2005 right? Actually in this case you could make a mint if you could buy it cheap, but there is going to be 200 people bidding this thing up all with that same idea.


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  13. #13
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    Re: Seized fixer-upper mansion for sale...bid now!!!

    Quote Originally Posted by DJK15 View Post
    I wish I had a pool in my basement.

    A family member of mine has one in their basement...its disgusting I love/hate going over to their house.



  14. #14
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    Re: Seized fixer-upper mansion for sale...bid now!!!

    Wait, it's in Texas, right? Where is Armondo Montelongo to go in and Flip That House?



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  15. #15
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    Re: Seized fixer-upper mansion for sale...bid now!!!

    Right now in that area, there would also be about a $20,000/acre bonus for signing a natural gas lease for the Barnett Shale, and you could probably swing a nice royalty for the gas that is produced...that is, if you get the mineral rights, or if the Feds haven't already signed a lease...


    "Don't worry Boss...they can't do nothin' 'til they're through sparklin'..."

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