Tuesday, September 4, 2007
Californian Crackhouse - Pacoima
Ask youself how much this one bedroom "house" in a crime infested neighborhood might be worth. Close your eyes and think of a number. Did you come up with $420,000? Thought not. However, that is what it will cost you to dodge the bullets and step over the crackpipes in Pacoima. But before you race down to the bank with your mortgage application forms, take a closer look at the roof. You might want to also take out a personal loan to cover a new roof.
The Brits have a great phrase to describe people who combine a 100 percent mortgage with a personal loan to cover moving expenses. They call it "bigging it up". So if your credit is poor, don't worry. There are plenty of banks here in America that will let you big it up and buy this PoS.
Again, thank you Gracie for sending me this one. The MLS ID# is R2008670. It is on www.realty.com. Again, if you have any shocking examples of overpriced real estate, then let the rest of America know.
Posted by Best at 9:51 AM