Home › Forums › Closed Forums › Properties or Areas › Huge Flip in MM?
- This topic has 35 replies, 5 voices, and was last updated 13 years, 9 months ago by SD Realtor.
-
AuthorPosts
-
January 26, 2011 at 8:39 PM #659143January 26, 2011 at 8:45 PM #659614SD RealtorParticipant
If you really want to check things out then you can check the permit status with the city to see if any new permits were pulled. If there was serious work done, then they probably pulled permits.
The flippers did very well on this one.
January 26, 2011 at 8:45 PM #659286SD RealtorParticipantIf you really want to check things out then you can check the permit status with the city to see if any new permits were pulled. If there was serious work done, then they probably pulled permits.
The flippers did very well on this one.
January 26, 2011 at 8:45 PM #659148SD RealtorParticipantIf you really want to check things out then you can check the permit status with the city to see if any new permits were pulled. If there was serious work done, then they probably pulled permits.
The flippers did very well on this one.
January 26, 2011 at 8:45 PM #658483SD RealtorParticipantIf you really want to check things out then you can check the permit status with the city to see if any new permits were pulled. If there was serious work done, then they probably pulled permits.
The flippers did very well on this one.
January 26, 2011 at 8:45 PM #658545SD RealtorParticipantIf you really want to check things out then you can check the permit status with the city to see if any new permits were pulled. If there was serious work done, then they probably pulled permits.
The flippers did very well on this one.
January 26, 2011 at 8:59 PM #659153EmilyHicksParticipantThe question is, why buy at $425k and then immediately sell it at a loss?
January 26, 2011 at 8:59 PM #659291EmilyHicksParticipantThe question is, why buy at $425k and then immediately sell it at a loss?
January 26, 2011 at 8:59 PM #659619EmilyHicksParticipantThe question is, why buy at $425k and then immediately sell it at a loss?
January 26, 2011 at 8:59 PM #658550EmilyHicksParticipantThe question is, why buy at $425k and then immediately sell it at a loss?
January 26, 2011 at 8:59 PM #658488EmilyHicksParticipantThe question is, why buy at $425k and then immediately sell it at a loss?
January 27, 2011 at 8:53 AM #658720UCGalParticipant[quote=EmilyHicks]The question is, why buy at $425k and then immediately sell it at a loss?[/quote]
I’m not sure this happened.Redfin’s sales history shows a sale on 11/30 for $405k. Sdlookup shows it as $425k. It had been listed at $425k.
http://www.redfin.com/CA/San-Diego/8990-Brentford-Ave-92126/home/4798406What’s interesting is I looked at the grant deed recordings and found the following.
Kucan & Clark purchased the property on Sept 30th. The previous owners had had an NOD filed against them in May 2009, and NOT in June 2010. In other words they were headed towards foreclosure. It also appears they were going through divorce according to court records. That is probably the cause of some of their financial distress. (Divorce is expensive.)
I do not show any grant deed transfers for the 11/30/2010 date from K&C. Since redfin shows the same $405 price, I don’t know what is going on with that sale. I did not go looking at Clark or Kukan’s grant recordings… just the partnership.
I show a grant deed recorded on 1/6/2011 from K&C to (presumeably) the new owner.
I would take that $425k price on 11/30 and disregard it. It appears to be an error. Maybe one of the realtors can weigh in and explain it.
January 27, 2011 at 8:53 AM #659789UCGalParticipant[quote=EmilyHicks]The question is, why buy at $425k and then immediately sell it at a loss?[/quote]
I’m not sure this happened.Redfin’s sales history shows a sale on 11/30 for $405k. Sdlookup shows it as $425k. It had been listed at $425k.
http://www.redfin.com/CA/San-Diego/8990-Brentford-Ave-92126/home/4798406What’s interesting is I looked at the grant deed recordings and found the following.
Kucan & Clark purchased the property on Sept 30th. The previous owners had had an NOD filed against them in May 2009, and NOT in June 2010. In other words they were headed towards foreclosure. It also appears they were going through divorce according to court records. That is probably the cause of some of their financial distress. (Divorce is expensive.)
I do not show any grant deed transfers for the 11/30/2010 date from K&C. Since redfin shows the same $405 price, I don’t know what is going on with that sale. I did not go looking at Clark or Kukan’s grant recordings… just the partnership.
I show a grant deed recorded on 1/6/2011 from K&C to (presumeably) the new owner.
I would take that $425k price on 11/30 and disregard it. It appears to be an error. Maybe one of the realtors can weigh in and explain it.
January 27, 2011 at 8:53 AM #658658UCGalParticipant[quote=EmilyHicks]The question is, why buy at $425k and then immediately sell it at a loss?[/quote]
I’m not sure this happened.Redfin’s sales history shows a sale on 11/30 for $405k. Sdlookup shows it as $425k. It had been listed at $425k.
http://www.redfin.com/CA/San-Diego/8990-Brentford-Ave-92126/home/4798406What’s interesting is I looked at the grant deed recordings and found the following.
Kucan & Clark purchased the property on Sept 30th. The previous owners had had an NOD filed against them in May 2009, and NOT in June 2010. In other words they were headed towards foreclosure. It also appears they were going through divorce according to court records. That is probably the cause of some of their financial distress. (Divorce is expensive.)
I do not show any grant deed transfers for the 11/30/2010 date from K&C. Since redfin shows the same $405 price, I don’t know what is going on with that sale. I did not go looking at Clark or Kukan’s grant recordings… just the partnership.
I show a grant deed recorded on 1/6/2011 from K&C to (presumeably) the new owner.
I would take that $425k price on 11/30 and disregard it. It appears to be an error. Maybe one of the realtors can weigh in and explain it.
January 27, 2011 at 8:53 AM #659323UCGalParticipant[quote=EmilyHicks]The question is, why buy at $425k and then immediately sell it at a loss?[/quote]
I’m not sure this happened.Redfin’s sales history shows a sale on 11/30 for $405k. Sdlookup shows it as $425k. It had been listed at $425k.
http://www.redfin.com/CA/San-Diego/8990-Brentford-Ave-92126/home/4798406What’s interesting is I looked at the grant deed recordings and found the following.
Kucan & Clark purchased the property on Sept 30th. The previous owners had had an NOD filed against them in May 2009, and NOT in June 2010. In other words they were headed towards foreclosure. It also appears they were going through divorce according to court records. That is probably the cause of some of their financial distress. (Divorce is expensive.)
I do not show any grant deed transfers for the 11/30/2010 date from K&C. Since redfin shows the same $405 price, I don’t know what is going on with that sale. I did not go looking at Clark or Kukan’s grant recordings… just the partnership.
I show a grant deed recorded on 1/6/2011 from K&C to (presumeably) the new owner.
I would take that $425k price on 11/30 and disregard it. It appears to be an error. Maybe one of the realtors can weigh in and explain it.
-
AuthorPosts
- The forum ‘Properties or Areas’ is closed to new topics and replies.