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Article: This old house? The pros and cons of buying foreclosures and short sale properties.(REAL ESTATE)
- Article from:
- Black Enterprise
- Article date:
- October 1, 2009
- Author:
CopyrightCOPYRIGHT 2009 Earl G. Graves Publishing Co., Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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[ILLUSTRATION OMITTED]
TIRED OF RENTING AND EAGER TO TAKE ADVANTAGE of falling property prices, 28-year-old Leonard Poteat started working with a real estate agent last October in hopes of becoming a first-time home buyer. After a few false starts, Poteat found what he was looking for in a Hyattsville, Maryland, property that was listed for $239,000.
On the market for more than 12 months, Poteat's home of choice was a "short sale," meaning that the owners were on the edge of foreclosure and working with their bank to negotiate a payoff that would be lower than the amount they owed. The house's list price was $100,000 below its estimated market value of ...
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Article: Man pleads guilty to murder: Kevin Eugene Poteat gets 20 ...
Times-News (Burlington, NC);
March 16, 2006 ;
700+ words
... ... the hospital hours later. Kevin Eugene Poteat, 22, plead ed guilty to second-degree ... heart, please don't let this man go." Poteat entered an Alford plea, which means he ... admitting wrongdoing. Brandon, 20, said Poteat had been living on Kernodle Drive in Graham ...
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