I've done some additional checking on this property. It is a condo in a nice
area, but it looks like there is a loan balance of around $150000 in addition
to the amount owing for taxes. If you still have an interest at over $155000,
let me know.
Also, just so you have additional info about bidding at foreclosure auctions,
here are some things to know:
You must have a cashier's check in the full amount that you intend to bid--
no financing is available.
There are people who do nothing but bid for properties at foreclosure auctions
to make money for themselves. They have a pretty unlimited supply of cash
available, and sometimes they will tease newcomers to overbid the value of the
property so the newcomers don't come back again.
If you have additional questions, please feel free to contact me.
I represent investors who purchase foreclosures, rehab them, and return them to market at near wholesale prices. We will also purchase homes and re-sell them immediately "as-is", at a deep discount, or wholesale price to the buyer. We thoroughly investigate each property we purchase, so you know what outstanding loans or taxes are out there. And we'll advise you whether we think it would be a good investment or not. Then we can work to purchase it as a short sale, or buy it for you at foreclosure, and sell it immediately to you at a pre-determined price. That way you get the property you want, at a price that fits your budget, and the title is free and clear.
If you're interested in this kind of real estate investment, let me know how to contact you directly and we can get together for a visit.
I looked it up and can send you the full client listing if I have your email address. It is in a not really
great area, but okay, and it is zoned some kind of commercial which my zoning code list does not
specify. With the tax id number, you can go to the city of Vancouver to see what is permissible to
do with the land.