Question regarding foreclosures in sales history

[pencilneck]

Thank you.

Some of the numbers seem so arbitrary that I still think I’m missing something.

I’m seeing things like a sale in 2005 for $450k, foreclosure listed as a sale in 2008 for $550k, and immediately placed on the market for $399k.

It would make some sense if the $550k represented the total amount owed on the property when foreclosed, as Diego suggested, but to record $550k on the tax roll still makes no sense to me.

[SD Realtor]

If you post the property address I can look at it for you. Recall that the trustee sale price has nothing to do with the market price, in this case 550k verses 399k. They are orthogonal so don’t try to correlate them, all that means is that the home has depreciated significantly. Also the original sale of 450k is orthogonal to the 550k because the homeowner may have refinanced, got the home appraised at a higher value then the original 450k sales price and taken cash out.

SD Realtor

[SD Realtor]

If you post the property address I can look at it for you. Recall that the trustee sale price has nothing to do with the market price, in this case 550k verses 399k. They are orthogonal so don’t try to correlate them, all that means is that the home has depreciated significantly. Also the original sale of 450k is orthogonal to the 550k because the homeowner may have refinanced, got the home appraised at a higher value then the original 450k sales price and taken cash out.

SD Realtor

[SD Realtor]

If you post the property address I can look at it for you. Recall that the trustee sale price has nothing to do with the market price, in this case 550k verses 399k. They are orthogonal so don’t try to correlate them, all that means is that the home has depreciated significantly. Also the original sale of 450k is orthogonal to the 550k because the homeowner may have refinanced, got the home appraised at a higher value then the original 450k sales price and taken cash out.

SD Realtor

[SD Realtor]

If you post the property address I can look at it for you. Recall that the trustee sale price has nothing to do with the market price, in this case 550k verses 399k. They are orthogonal so don’t try to correlate them, all that means is that the home has depreciated significantly. Also the original sale of 450k is orthogonal to the 550k because the homeowner may have refinanced, got the home appraised at a higher value then the original 450k sales price and taken cash out.

SD Realtor

[SD Realtor]

If you post the property address I can look at it for you. Recall that the trustee sale price has nothing to do with the market price, in this case 550k verses 399k. They are orthogonal so don’t try to correlate them, all that means is that the home has depreciated significantly. Also the original sale of 450k is orthogonal to the 550k because the homeowner may have refinanced, got the home appraised at a higher value then the original 450k sales price and taken cash out.

SD Realtor

[pencilneck]

Thank you! I think I get it.

(although I did have to look up orthogonal)

[pencilneck]

Thank you! I think I get it.

(although I did have to look up orthogonal)

[pencilneck]

Thank you! I think I get it.

(although I did have to look up orthogonal)

[pencilneck]

Thank you! I think I get it.

(although I did have to look up orthogonal)

[pencilneck]

Thank you! I think I get it.

(although I did have to look up orthogonal)

[Author]

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