David's new digs
 

I put in a lowball offer today. Will keep you posted. 3 car garage + 3 horse stalls combined. lol. A definite fixer-upper/3 year vacant foreclosure with a f*@%load of problems...but sized right.

http://www.prudentialct.com/imgshow....pg&w=424&h=318

I hope this works out. Aren't places like that usually sold to a low-baller?
Anyhow, imagine that place all fixed up & landscaped ...with a nice cobblestone driveway, several first-gens parked out front, and ....well, I'm sure you are already having these visions.

Oh, and one day we'll park your Rallye Green Z next to my Ash Gold L30/M20 for a real clash of the late 60's colors.

The bank has turned down 3 offers from other people so far. From what I've read, within the first 30 days they usually don't go lower that 10% of of the asking price and after 90 days they are more willing to make a deal. Right now it's at 36 days. I should have an answer from the bank by Friday.

The cobblestone driveway will definitely have to wait. LOL. I got a ballpark estimate of $20,000 to tear out the old driveway and put in a new regular one. The quote to replace the roof should be a real doozy!

That would be psychedelic!

I went with Ayotte Brothers to do my driveway.

100 x 10 ft section had to be completely removed (12" Down) and a new section of 20 ft x 20 ft up top newly paved and widened to 12 ft wide.

Not sure how long that one is but these guys were 1/2 of everyone else's price, and they do excellent work.

As a matter of fact they've now done 3 others in our neighborhood since ours last year.

Thanks Eric! The driveway is about 800 feet long.

I'm not so sure if Wells Fargo will accept my offer though. I keep reading up on REO properties and for the most part, banks don't start to make deals.....until a property has been up for sale for more than 90 days.

My first pass at a low ball offer (-14%) was denied by Wells Fargo. I have also read so much REO/packaged security/bank info lately that I can't sleep well at night.

I was thinking of forgetting the whole thing since the wife was not totally loving the place, and she was on the fence because of all the repairs and renovations needed.

But....we went there again this morning and she was actually liking it much more and started planning out a bunch of stuff.

So a medium ball offer was pitched (-9%). I am planning on denial #2, but you never know. Hopefully the "car-guy castle" plan doesn't go down in flames after 2-3 years of looking. :flame:

An 800 ft long driveway? Think of the burnouts you can do! Then, think about getting 10" of heavy wet snow on that driveway. You'll need to get a plow for that truck for sure.

800ft long? I say we do some 1/8 mile racing in his driveway lol

Yeah - I figured there was a bit more than mine... LOL:giggle: Good luck with the second offer:playboy:

Yep. The driveway would be way too big for my 20 year old snowblower!!!

Mike was having some major problems with the door gaps. Even in some of the original pictures, you can see that the passenger side door gap was off.

The neighbors would probably freak out when they see the drag racing tree at the end of the driveway. lol.

Thanks!!! I will get some updated pics up soon.