Time To Get Serious About Buying a House.
by Julian on Feb.08, 2009,under Julian, House Purchase
I've always been interested in the Pacific Tower condominiums that overlook I-5 near Downtown Tacoma. There was a unit listed at $125,000.
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$125K seemed like a good price, I became familiar with what the term "Short Sale" really meant. Basically "No sale". It turned out that the unit listed, had three liens against it for over $200K. Trying to get 3 banks to give up a property for less that what was owed on it was not likely to happen.
I found another property that had something called "Age Restriction". It turns out that one had to be over 55 to move into. Although I have my AARP card, I'm not quite 55.
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