[quote=Raybyrnes]Here’s another debatable transaction. 171 to 400 in a year
Property History for 3994 Riviera Dr Unit D
Date Event Price Appreciation Source
Mar 25, 2011 Sold (Public Records) $400,000 -3.3%/yr Public Records
Mar 25, 2011 Sold (MLS) (Sold) $400,000 — Inactive SANDICOR #110010034
Mar 08, 2011 Pending (Contingent) — — Inactive SANDICOR #110010034
Feb 16, 2011 Listed (Active) $400,000 — Inactive SANDICOR #110010034
Sep 21, 2010 Sold (Public Records)
This home was foreclosed
and bank-owned
. $171,528 — Public Records
Nov 26, 2003 Sold (Public Records) $510,000 — Public Records
For completeness, Redfin often displays two recor[/quote]
I haven’t looked at the trust-deed amounts here, but everything appears to be in order. After 20 days on the market in 2011, it went pending and closed 17 days after that for $400K (cash sale??)
I believe the amount required to cure the delinquent trust deed was so low because it was a second TD holder. We don’t know the amount of the first TD that this second TD holder had to take “subject to.” Perhaps they recovered all of their investment in this recent $400K sale and perhaps they didn’t. It was the smartest thing they could have done to recover whatever losses they could.
