[quote=SD Squatter]The point I was trying to make was that the original sale was not really an “arm’s-length”, obviously you’ve missed that part (see my check list in the original post). So no, it was not really possible to purchase the house back then and CT Homes did not really pay the market price, since the house was never in the open market. Here is the original listing again including fabulous photos of that flop that went pending the same day it was listed:
You can’t win if you don’t get a chance to play.[/quote]
I saw the (dated) listing, SD Squatter.
CT Homes obviously had all cash and paid $20K over asking. Perhaps CT’s agent had a tacit “first dibs” agreement with several local brokers when a “jewel-in-the-rough” listing came in (such as this one). Are you intimating here that CT principals were relatives of the seller or Listing Agent, Mirna Arenas or principals of Listing Broker, Full Realty Svcs, Inc?
Was this property a short sale?
It looked to me as if the listing may have been occupied by a fixed-income senior citizen who had not done anything with the property in many years (very typical).
“Traditional Sale” listings are MUCH easier to sell a little below market if they are owned outright (free and clear of liens).
Note: I haven’t done any research on this property.
