[urbanrealtor]

[quote=teaboy]Thanks again UR.
Awesome. Bought in 1989 for $200k, sold 20 years later for 3 times the price at a loss of $200k. Only in America.

Where the #$%& did $600k go? That’s $30k/year. I hope they blew it on something worthwhile like coke and hookers and not a new vw jetta…

Curiously, tho, the MLS remarks read “Not a short sale”. Is that perhaps a case of self-delusion?

TB[/quote]

Not necessarily.

It is possible that the seller has funds to bring in and close the escrow.

I have dealt with those before.

Usually more common in investment properties.

Dude has lots of liquid funds and is willing to pay out to save his credit.

[urbanrealtor]

[quote=teaboy]Thanks again UR.
Awesome. Bought in 1989 for $200k, sold 20 years later for 3 times the price at a loss of $200k. Only in America.

Where the #$%& did $600k go? That’s $30k/year. I hope they blew it on something worthwhile like coke and hookers and not a new vw jetta…

Curiously, tho, the MLS remarks read “Not a short sale”. Is that perhaps a case of self-delusion?

TB[/quote]

Not necessarily.

It is possible that the seller has funds to bring in and close the escrow.

I have dealt with those before.

Usually more common in investment properties.

Dude has lots of liquid funds and is willing to pay out to save his credit.

[urbanrealtor]

[quote=Zeitgeist][img_assist|nid=11653|title=Thanks for asking.|desc=|link=node|align=left|width=65|height=100][/quote]
Thanks for asking what now?

[urbanrealtor]

[quote=Zeitgeist][img_assist|nid=11653|title=Thanks for asking.|desc=|link=node|align=left|width=65|height=100][/quote]
Thanks for asking what now?

[urbanrealtor]

[quote=Zeitgeist][img_assist|nid=11653|title=Thanks for asking.|desc=|link=node|align=left|width=65|height=100][/quote]
Thanks for asking what now?

[urbanrealtor]

[quote=Zeitgeist][img_assist|nid=11653|title=Thanks for asking.|desc=|link=node|align=left|width=65|height=100][/quote]
Thanks for asking what now?

[urbanrealtor]

[quote=Zeitgeist][img_assist|nid=11653|title=Thanks for asking.|desc=|link=node|align=left|width=65|height=100][/quote]
Thanks for asking what now?

[urbanrealtor]

That property has 2 liens currently showing.

The first is $462k and the second is $300k (or so).

The FMV shows up aroun $550k-$600k.
(of course there could be some mitigating factor that skews that number but thats where it looked to me)

This property is $165k-$200k upside down before even looking at costs associated with settlement.

This short would net lienholders about $500k.

Sucks to be the lienholders.

On the other side, this would be an easy property to do a short sale on.

[urbanrealtor]

That property has 2 liens currently showing.

The first is $462k and the second is $300k (or so).

The FMV shows up aroun $550k-$600k.
(of course there could be some mitigating factor that skews that number but thats where it looked to me)

This property is $165k-$200k upside down before even looking at costs associated with settlement.

This short would net lienholders about $500k.

Sucks to be the lienholders.

On the other side, this would be an easy property to do a short sale on.

[urbanrealtor]

That property has 2 liens currently showing.

The first is $462k and the second is $300k (or so).

The FMV shows up aroun $550k-$600k.
(of course there could be some mitigating factor that skews that number but thats where it looked to me)

This property is $165k-$200k upside down before even looking at costs associated with settlement.

This short would net lienholders about $500k.

Sucks to be the lienholders.

On the other side, this would be an easy property to do a short sale on.

[urbanrealtor]

That property has 2 liens currently showing.

The first is $462k and the second is $300k (or so).

The FMV shows up aroun $550k-$600k.
(of course there could be some mitigating factor that skews that number but thats where it looked to me)

This property is $165k-$200k upside down before even looking at costs associated with settlement.

This short would net lienholders about $500k.

Sucks to be the lienholders.

On the other side, this would be an easy property to do a short sale on.

[urbanrealtor]

That property has 2 liens currently showing.

The first is $462k and the second is $300k (or so).

The FMV shows up aroun $550k-$600k.
(of course there could be some mitigating factor that skews that number but thats where it looked to me)

This property is $165k-$200k upside down before even looking at costs associated with settlement.

This short would net lienholders about $500k.

Sucks to be the lienholders.

On the other side, this would be an easy property to do a short sale on.

[urbanrealtor]

Liens could include secure debt.

Unsecured debt should not be a factor unless a judgement attaches them to the property.

[urbanrealtor]

Liens could include secure debt.

Unsecured debt should not be a factor unless a judgement attaches them to the property.

[urbanrealtor]

Liens could include secure debt.

Unsecured debt should not be a factor unless a judgement attaches them to the property.

[Author]

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