I heard that there is a complex of condos that they are liquidating for 50k do you know anything about these?

Asked by Be Me, Mesquite, NV Fri Jan 8, 2010

maybe they are in foreclosure

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Virginia Hepp, Agent, Mesquite, NV
Fri Jan 8, 2010
Yes, there is a complex in Mesquite where the builder is liquidating all inventory - Hawkridge Condos on the north side of Mesquite. Some are new, some have been used as short or long term rentals. Everything is for sale at low prices. They are technically short sales prearranged by the builder. There is also a large supply of bank owned foreclosures in Hawkridge. There are 2 floorplans, a pool and spa, clubhouse.
1 vote
Dan Chase, Home Buyer, Texas City, TX
Wed Jan 20, 2010
the real question is do they have a HOA. If they do not you do not want to buy one. no hoa the entire complex could fall apart. Worse yet, no fha financing. That means no fha buyers in a few years when you go to sell it.
0 votes
., , Mesquite, NV
Wed Jan 20, 2010
We have had numerous complaints about the word out there on the street about condos in the $40,000 to $50,000 range at one particular distressed complex. Truth is there are 42 currently active in the complex and they start at $75,000 listed price. There are only 8 pending and the lowest asking price was $55,000 and only one at that price, next is asking price is $79,900. Since Dec. 1 2009; 14 have sold and closed and the least expensive was sold at $59,900. The average price of those 14 closed sales was $76,286. I would ask for actual records (proof) on the nightly rental income numbers, if you are considering it for that purpose.
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