On Mon, 27 Aug 2007 08:53:28 -0500, Omelet >
wrote:

>In article >,
> "<RJ>" > wrote:
>
>> Given the state of the housing market,
>> a smart buyer might be shopping for a house
>> that has defaulted on the mortgage.
>> And if it's a really good bargain,
>> will you insist they take more money ?
>>
>> <rj>
>
>That is how I got my HUD repo' for 35K.
>
>Current market value is 79K. But, this was 20 years ago.
>
>Not sure that repo' houses are in the same class as mis-marked wine
>tho'. ;-)

I wouldn't ever want to buy a reposessed house or car... it would just
feel so WRONG to me that somebody else should suffer just so that I
could get a bargain... (I don't shop in pawn stores either!)