I know someone who recently (w/in the past few months) sold their place in 4S Ranch at 17032 Garden Walk Way for $635,500. They bought it for $681,000 in 11/18/05. Almost a 50k reduction. She thinks she’s savvy about this. Taking a loss on taxes.
It was not in default or foreclosure or short sale or bank owned. This woman wanted out so she could buy a bigger place that was a reduced 200k less than it sold for originally 2 years earlier. The new home is a better investment/deal?
I don’t have the info on the new place yet. This is all hearsay, what I was told. It’s a bigger place, I guess. I don’t know if the new place was in default or foreclosure or short sale or bank owned. Keeping an eye out for the info. Will do some research on it. Very curious.
