Have any readers been out there looking to buy properties in fringe areas with desperate sellers? How about working directly with banks to take distressed properties off their hands? This Bushwick listing on Craigslist caught our eye. The bank owns it and is asking $349,000. Our guess is that it'll end up going for a lot less, given its condition, but we don't have a sense of where the real bottom of the market is. Why not $200,000? Or $100,000? Thoughts?
$349000 Bank Owned 2 Family [Craigslist]
Is It Bottom-Feeding Time Yet?
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