[quote=sdrealtor]The first one was stolen from the lender by an agent that double ended it. Possibly as a short sale flip as mentioned on the other thread. It’s a rare one though to see something sell that far below market. I actually emailed it to another poster on this blog last night who I had discussed it with. I’m very surprised the lender (Wells Fargo) allowed itself to get so hoodwinked on it.
The second while a low price is a really odd house and not a blatant low price as much as the first one.[/quote]
What sdr says is true. The still-contingent one for $459K is an odd, bi-level home that needs a lot of work. It’s been on and off the market a number of times over the years without any buyers. This one was on the open market for this short sale. It did not look like there was anything fraudulent or unethical about this particular transaction.
The other home that just closed for $450K came on the MLS already listed “contingent”. I have a different opinion about that one.
