So you guys know me. Definitely skeptical when it comes to people claiming this transaction or that transaction was fraudulent.
Yet in this case I am having a hard time with this one. Seriously it is more then a little out of whack with regards to the comps. The activity history on the home is crazy as well. Since September of 09 it has been as high as 370k and as low as 245k. It has been in and out of pending a few times as well. It had expired in March then went active again and that is when they put it at 355k. Then it went expired, contingent pending all over the map. Most recently it was pending up until June 1 and then it went to active again and then it went pending again on June 14 and at then same time list price went down into the 330s and now we close 8 days later.
AN you pegged it, I have priced out the area alot because of trustee sales and this defies all comps there.
So… something is odd here. I know this for a fact, the bank DEFINITELY did not get as much as they could have on this home.[/quote]
Maybe this was a ploy by the agent and the prospect buyer to convince the bank this property is difficult to sell. I mean, afterall, let’s just speculate that the agent keeps putting it on the market, pulling it off, etc. Wouldn’t the bank eventually get to a point and think, gee this property isn’t sellable?
