Old Spanish Under $200,000?

Written by Jim the Realtor

March 26, 2011

This house was foreclosed on February 4, 2008 when the previous owner owed $435,000. 

The bank re-sold it to this guy for $285,000, and he put 20% down on 7/10/08 – and by then borrowers had to qualify for their mortgage.

Ten months later his NOD was filed, in May 2009. It was foreclosed again on 3/18/2011:

5 Comments

  1. Kate Johnson

    Looks like a job for Tom Tarrant!

  2. College joe

    Jim,
    there are people living in the split level nantucket home. The lot behind fell out of
    escrow…for sale: $3,000,000

    and most interesting is the permit to move the low income lot ro a place on Vulcan. You might want to check that out, something is actually happening!

  3. tj & the bear

    More of them “premium properties”! 🙂

  4. Another Investor

    What’s the lot worth?

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