Whoops, didn’t notice and/or forgot to post relevant details…I must have been coffee deficient.
1. House #1 was headed to REO land early in 2007. It was listed for 6 plus months at $679,000 and expired in February 2007. Then, off of the MLS, looks like some person bought and flipped to a corporation and then to another individual all on the same day in June. The grant deed sequence is confusing and the details are unclear to me, however, since the last MLS listing price prior to expiring in February was $679,000 and since nothing here is going for anywhere near to $810,000 in the last several months, what gives?
2. Only 5% of purchaser’s money in the deal. Wells Fargo 1st & 2nd amount to 85% of the purchase price.
