500+ Middletown Home Foreclosure Listings
Printed From: MiddletownUSA.com
Category: Middletown City Government
Forum Name: Community Revitalization
Forum Description: Middletown Community Revitalization News
URL: http://www.middletownusa.com/forum/forum_posts.asp?TID=3197
Printed Date: Apr 28 2024 at 10:25am
Topic: 500+ Middletown Home Foreclosure Listings
Posted By: Nelson Self
Subject: 500+ Middletown Home Foreclosure Listings
Date Posted: Aug 06 2010 at 10:26am
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500+ FANNIE MAE/OTHER HOME FORECLOSURE LISTINGS
As per the following Fannie Mae link, there are twenty-seven (27) vacant, foreclosed homes on the market with all selling for $81,900 or less. The vast majority have asking prices less than $50,000. With this being the case, why are One Donham Plaza staff paying over $100,000 for other vacant, foreclosed homes? Why are they spending up to $90,000 for rehabilitation purposes. Why are the planning to lose up to $75,000 for some of the homes that they ultimately sell?
http://www.homepath.com/search.html?ms=&zip=&xs=&src_ref=&cno=000&pi=&mlsid=&bhi=&y=13&x=56&pa=100000&st=OH&bdi=&ci=Middletown&pg=2 - http://www.homepath.com/search.html?ms=&zip=&xs=&src_ref=&cno=000&pi=&mlsid=&bhi=&y=13&x=56&pa=100000&st=OH&bdi=&ci=Middletown&pg=2
See the following Middletown home foreclosures link. Over 500 listings! Most under $80,000!
http://realestate.aol.com/listings-Middletown,OH/salestype-Foreclosures/sort-days/order-asc?flv=1 - http://realestate.aol.com/listings-Middletown,OH/salestype-Foreclosures/sort-days/order-asc?flv=1
The link at the end of this last paragraph further reinforces the fact that there are an ABUNDANCE of modest priced foreclosed homes currently on the market in Middletown.
With so many options for purchase, why are the 4th floor experts at One Donham Plaza on their HUD-funded NSP-1 SELECTIVE SHOPPING SPREE? And, where are City Council approved Policies and Operational Procedures for City staff to follow in determining which properties to purchase and later resell?
Are there legitimate controls or is this another case of BUREAUCRATS KNOWING WHAT'S BEST FOR US MIDDLETONIANS?
http://middletown.oh.foreclosure-support.com/ - http://middletown.oh.foreclosure-support.com/ |
Replies:
Posted By: Nelson Self
Date Posted: Aug 07 2010 at 12:17am
What a local government that we have?? 
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Posted By: Mike_Presta
Date Posted: Aug 07 2010 at 1:25am
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Hmmm...are you certain this is a legitimate website?
There is a 3BR, 2Ba that looks familiar on Gage Drive listed at $112,200 ------------- “Mulligan said he ... doesn’t believe they necessarily make the return on investment necessary to keep funding them.” …The Middletown Journal, January 30, 2012 |
Posted By: Nelson Self
Date Posted: Aug 07 2010 at 8:50am
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Mike -
I've already extensively reviewed FHA, Fannie Mae, Freddie Mac and other similar websites that purport to contain Middletown, Ohio foreclosed residential property listings. Should you have even more websites, please post them. After all, wasn't it City staff that fairly recently declared there to be hundreds of (or was it 1,000+) vacant, foreclosed homes in our City?
Thanks for sharing your concerns about my information accuracy. Let me know if your continuing research finds any of these or other public domain websites to be illegitimate.
Nelson Self
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Posted By: Mike_Presta
Date Posted: Aug 07 2010 at 9:51pm
Nelson:
What concerns me is that I found the property below on page 9 of the website mentioned in your post above:
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Foreclosure javascript:;">
 Save This
http://realestate.aol.com/foreclosures/Gage_Dr-Middletown-OH-45042/4.32187612 - $112,200 http://realestate.aol.com/foreclosures/Gage_Dr-Middletown-OH-45042/4.32187612 - - Gage Dr, http://realestate.aol.com/foreclosures/Gage_Dr-Middletown-OH-45042/4.32187612 - - Middletown, OH 45042
3 Br| 2 Ba | 2,640 Sqft | Single Family
RealtyTrac +++++++++++++++++++++++++++++++++++++++++++++++++
This seems to be the property that the City of Middletown purchased this earlier this year, but for some strange reason, the county recorder's website does not list the sale price. There are reports that the sale price was in excess of $130,000, but I have not been able to verify that price.
From the County Recorder's site: http://propertysearch.butlercountyohio.org/butler/Forms/Datalets.aspx?mode=sales&taxyear=2009&ownseq=1&roll=RP_OH&jur=&sIndex=0&idx=1&LMparent=20 - http://propertysearch.butlercountyohio.org/butler/Forms/Datalets.aspx?mode=sales&taxyear=2009&ownseq=1&roll=RP_OH&jur=&sIndex=0&idx=1&LMparent=20
------------- “Mulligan said he ... doesn’t believe they necessarily make the return on investment necessary to keep funding them.” …The Middletown Journal, January 30, 2012 |
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Nelson Self wrote:Posted By: Mike_Presta
Date Posted: Aug 07 2010 at 9:57pm
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Please note that I updated the previous post with links so that the usual doubters could compare pictures and verify the information that I referenced. ------------- “Mulligan said he ... doesn’t believe they necessarily make the return on investment necessary to keep funding them.” …The Middletown Journal, January 30, 2012 |