So we went to a house auction today. It was the same house that we wanted three years ago but couldn't buy because the owner was an idiot and wouldn't budge on his price.
We didn't get the house.
Wanna know who the high bidder was? Will you believe me if I tell you that the high bidder was the former owner who let the house go into foreclosure to begin with?
Seriously. Don't pay your mortgage or taxes, have the property taken away from you, but don't fret...you too can buy it back at the public auction.
I asked him why the hell he didn't sell the house to us three years ago, we would have paid him MORE than he owed on the mortgage back then. He said, "well I guess we should have negotiated more." Yeah. Ya think?
There goes another experience with the upside down world of banking and real estate. I just don't get it.