[2ndDivisionVet]

I love seeing tiny crackerbox houses going for more than a mansion would here in Dallas/Ft. Worth!

http://dallas.craigslist.org/rfs/

[grey_whiskers]

Please *DON'T* remove the thread, despite initial appearances.

The site linked to is an economics and financial blogsite, and it is *not* any kind of advertisement. :-)

Full Disclsoure: If you do click through, some of the prior evaluations listed for the homes pictured show just WHY all th e banks are taking such large writeoffs on their real-estate portfolios...

Cheers!

[org.whodat]

The starting bid on several of those cracker boxes is still twice what it is worth.

There is nothing new about an auction boom in a depressed market. It is really an act of desperation and sad to say most times it does not work. Because the property does not bring what the mortgage balance is.