Very Vintage Vegas

Fun Features Found In Foreclosures

December 10th, 2009 Categories: Fun Features Found In Foreclosures

One of the truly great front doors of Vintage Vegas is on this foreclosure at 825 E. Oakey. If you’re out and about, it’s worth it to stop and take a look. I’ve admired this door for 25 years.

It’s a mostly broken house, and offered for cash only. It came to market on Wednesday, and already has multiple offers.

Everything but the front door needs to be completely redone. Actually, the 1 bathroom still has it’s original tile work, which can be saved. But it’s so filthy and stinky that I couldn’t even stay in it long enough to get a picture. The used syringe on the counter didn’t help either.

I think a design like this would be pretty easy to re-create (if you’ve got good carpentry skills) if anyone’s looking to dress up a front door. It’s really no different than building a picture frame.

The foreclosure inventory is very small right now. There’s dozens of empty homes that we’re watching that will come on the market eventually. This one had a sign out front for over 2 weeks before it got listed in the MLS.  Our experience is that these are, for the most part, not eligible for FHA or VA financing, because of the “livability standard” that’s required for Government backed loans. The banks are routinely taking their best cash offer.

We’re seeing more “regular sellers” now, who for some reason waited till the bottom of the market. They tend to be in much better condition. They’re much easier to deal with, but the competition for them is fierce.

There’s also a lot of “flip” properties now, as well.  Some of them have been cleaned up nicely, and some they’ve merely done some cosmetics without actually fixing the infrastructure.

It’s a great time to try to buy, but it’s the Reality Show of all Reality Shows. Twists and turns, and changing rules, and grumpy, overworked people to deal with. If I give you keys one day, that’s how you know you’ve won the game. In the meanwhile, be ready for the ride of your life.

This entry was posted on Thursday, December 10th, 2009 at 10:54 am and is filed under Fun Features Found In Foreclosures. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1. 50s Pam said at December 10th, 2009 at 11:28 am

   That’s a great door, for sure. What year? I like how the door know is so high…I see a peep hole!…and the letter slot is cool, too!

2. Susie Magee said at December 10th, 2009 at 1:04 pm

   Jack, This is very cool!!!! I love the old homes here. In Austin, TX, they are renovating homes in the oldest section of Austin near downtown and turning them into very cool bars. check out Luster Pearl….

3. Kelly said at December 10th, 2009 at 2:31 pm

   I really like that door, but then I really like doors in general so I probably shouldn’t be surprised. Thanks for sharing the wonderful details you find in foreclosures.

4. anya said at December 13th, 2009 at 10:04 am

   you can order plans for all kinds of mod doors or pre-order ones that are already cut for you from Crestview Doors.

   http://www.crestviewdoors.com/index.php/wall-panels

   I still may order a door from them.

5. Office space in Orange County said at December 15th, 2009 at 10:06 am

   Thanks for sharing information about foreclosures. I like this door and i want this door at my home.

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