Sullivan County Foreclosure Auctions - 2007-2009
There were 87 properties auctioned at the county foreclosure auction in June of 2007. In June of 2008 there were 132 properties up for auction, and more than 180 in 2009. Not surprising, in line with what you would expect as fallout from the "mortgage crisis". What you might not expect is the number of homes which were primary residences. Only two of the 132 properties were primary residences. The rest were investment properties, second homes etc.
Houses for sale - at bargain prices.
There are more than enough opportunities in undeveloped properties to "buy and hold" for our investors. These properties need much less work to maintain than houses that need work and rental management and, of course, much lower taxes. If anyone is interested in developed properties - let me know and I will direct you to them.
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