Home › Forums › Closed Forums › Buying and Selling RE › Definition of a Short Sale? › teaboy wrote:Thanks again
[quote=teaboy]Thanks again UR. Awesome. Bought in 1989 for $200k, sold 20 years later for 3 times the price at a loss of $200k. Only in America.
Where the #$%& did $600k go? That’s $30k/year. I hope they blew it on something worthwhile like coke and hookers and not a new vw jetta…
Curiously, tho, the MLS remarks read “Not a short sale”. Is that perhaps a case of self-delusion?
TB[/quote]
Not necessarily.
It is possible that the seller has funds to bring in and close the escrow.
I have dealt with those before.
Usually more common in investment properties.
Dude has lots of liquid funds and is willing to pay out to save his credit.