Interesting! It is curious how the same home on the next street up (120 homes in this community total) sold for 710k a week earlier. Also, at the time both homes sold, there were 8+ homes for sale in this neighborhood (15+ last October) and many were cheaper and much more desirable.
These two are right on top of the new Sprinter train and have small yards. Also, the fact that it was not sold through the MLS or a realtor seems even stranger. Add to that the fact that it for rent and it really starts to look suspicious! O ya, and at that loan amount, they will be paying a grand total of $4,000/Month for this place and only renting for $2,450.
Here’s a possible scenario: Seller accepts, say, 625k, but agrees to sell at 710k and funnel back 85k in proceeds to buyer after escrow closes. Seller is desperate, as this guy clearly was. Buyer immediately rents the home, takes a loss every month and uses the 85k for other ventures. Or, he does all this for a Filipino nurse client who is being scammed.
