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Home › Forums › Closed Forums › Buying and Selling RE › Strange off-market transactions with huge discounts? › Yet another strange

June 7, 2012 at 10:58 AM #745237
SD Squatter
Participant

Yet another strange transaction in 92124:

http://www.redfin.com/CA/San-Diego/11292-Promesa-Dr-92124/home/4990628


Jun 06, 2012 Listed (Active) $609,000 -- SANDICOR #120028842
Feb 29, 2012 Sold (Public Records) $423,000 -5.1%/yr
Aug 29, 2011 Sold (Public Records) $403,750 --
This home was foreclosed and bank-owned.

Foreclosed and bank-owned in August 2011, then magically sold half a year later with not a day on the market (insider’s deal?). Now back on the market at 30% premium?