Quick Update: 501 Oakwood
Tim Mack of Twin County Realty has bought 501 Oakwood. We'll see what that portends - hopefully good things.
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1 comment:
This does not look very promising to me. A realty company in Rocky Mount buys this house? What could they possibly have in mind? Well, from their web site:
>>Let us do the leg work for you while you concentrate on your core business. We specialize in assisting clients in finding new invests in distressed sale properties.<<
I read that as saying: "We find properties for absentee slumlords."
I would really like to know how Preservation Durham let this happen. If the previous owner decided that he wanted to out, why didn't they make it clear that they would buy the property instead of letting him sell it to someone out of town? If anyone at Preservation Durham can answer that question, I wish they would.
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