Thursday, March 8, 2018

Hundley House

From what I have heard, Hundley House did not sell at February's foreclosure sale. Apparently the bank wants to recoup as much of the mortgage money as possible, which is in excess of $300,000. The bank will probably finish negotiating the terms of the foreclosure and, once it is finalized, put the place back out on the market to get whatever it can for it, starting close to the total and working down. Given that property taxes run around $9000 annually on the place, I think it will have to come down significantly before it sells.

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