YAY! The foreclosure on our block finally sold!!!
The garage door collapsed just over a week ago, leaving the home open. It was owned by a couple who run a small hotel on the beach, and used this for 'evac' purposes. They rented for a few months to the same couple from Montreal every year. They could not buy it, so they bought a small condo nearby, and will continue to drive by and say 'hello'.
A really great guy, who rented one of the nicest homes on the block, came over to tell us, he likes living in our neighborhood, he likes all the people and the friends he's made, it feels like home. So, he just bought the foreclosure, right across the street from where he has rented for two years! First thing, a new garage door to lock the place up! He got it for 105K and needs a total overhaul, which we neighbors are so happy to see the work begin!
Right now, everything else here is 180K - 235K, so we're doing alright.
Just had to share the good news, as it's been an eyesore for over 20 yrs. while the owners actually lived on the beach island.
= new reply since forum marked as read
This NYS corrections officer (who usually make the biggest slumlords) bought the 2 properties across from me, then went thru a divorce/drinking binge/self destruction episode and the properties reverted to the bank. The bank,of course, gives two craps about the property, and they've been vacant for almost 6 years. They mow the lawn 2x a year, but have done nothing with the structures (which have not been heated since then). They continue to rot, and mess with my property values... 
