Check your pockets and dig into the couch cushions — if you can rustle up some spare change to the tune of $400,000, you could be the owner of your very own town in South Dakota. The man who owns Swett, S.D. — and its bar, single house, workshop, three trailers and 6.16 acres of land — is looking to sell. [More]
adventures in real estate
We’ve heard about white hot real estate, but who knew that could apply to an entire village? Spain has an estimate 2,900 empty villages, hamlets and tiny towns tucked all over the country, including one dating back to the 15th century that’s currently going for the bargain basement price of absolutely no money whatsoever. [More]
Remember Frank? He asked Consumerist readers for advice about his short-sale purchase of a house gone terribly, terribly wrong. He’s back, with an update! As you may recall, the hive mind advised him to walk away from the deal. Better yet, run away. Or drive away in a supercharged muscle car. Frank writes that he took this advice to heart, and emerged victorious. But not in the way you might expect.
One might think that with the collapse of the housing market and the global economy, realtors and banks might have some idea how to handle a short sale transaction. A short sale, after all, is when a homeowner sells their home for less than they owe on the mortgage in order to avoid foreclosure. Frank writes that he would like very much to move into the house he signed a contract to buy back in November, but the seller’s realtor forgot to submit documents to the seller’s bank, leaving the house vacant to be vandalized and deteriorate for months on end.