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mtbrothe

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Posts posted by mtbrothe

  1. In the last couple days, the building that housed the River Cafe (Montrose & Marshall) was demolished. Does anyone know what is coming next? Have any permits been filed with the city??

    I know they planned the midrise there several years ago, but that fell through. It shocked me to drive down the street and see that it was gone!

  2. We looked seriously at buying in there. The main reason we decided not to is because if you buy a foreclosure the sale price is not considered when protesting the appraisal value. It would have made for an enormous tax bill. They are so high because of the out-of-state buyers who paid a TON of money for certain units because they were unaware that the prices were rediculous for Houston (this is all according to the guy who showed us around and is on the Board there).

    There is damage to some common areas as well. Be aware that the tactics of the realtors respresenting the foreclosures is shady at best. We were told several times that we needed to raise our bid because others out bid us. When we removed our bid from the running, the realtor suddenly called and asked if our original bid was still good! This happened twice on two different properties with two different realtors... :wacko:

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