Comments on: Short Sale at 1671 Bush, and we’re giving back! http://thefrontsteps.com/2008/07/07/short-sale-at-1671-bush-and-were-giving-back/ Real Estate Insight, Statistics, Gossip, and News - with a Twist and some Flavor Fri, 19 Mar 2010 22:28:38 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Jay http://thefrontsteps.com/2008/07/07/short-sale-at-1671-bush-and-were-giving-back/comment-page-1/#comment-5817 Jay Mon, 06 Oct 2008 15:56:23 +0000 http://thefrontsteps.wordpress.com/?p=1661#comment-5817 This sold last month for $675k! 40% off original list! Good thing the market has gotten a lot better since last month. This sold last month for $675k! 40% off original list!

Good thing the market has gotten a lot better since last month.

]]> By: jennidi http://thefrontsteps.com/2008/07/07/short-sale-at-1671-bush-and-were-giving-back/comment-page-1/#comment-5090 jennidi Tue, 08 Jul 2008 02:07:50 +0000 http://thefrontsteps.wordpress.com/?p=1661#comment-5090 so what gives? I don't understand.....it's just wall paper! so what gives? I don’t understand…..it’s just wall paper!

]]> By: Jay http://thefrontsteps.com/2008/07/07/short-sale-at-1671-bush-and-were-giving-back/comment-page-1/#comment-5089 Jay Mon, 07 Jul 2008 20:45:20 +0000 http://thefrontsteps.wordpress.com/?p=1661#comment-5089 I'm in the neighborhood and I've been following this house for a while. It opened at 1.13 then dropped to 995k. It's also been on craigslist some times for 899k and must sell. All told, it's been on the market for well over 12 months at roughly the same price. For most of the time it has been in foreclosure, which makes me think that the owners haven't paid their mortgage for about the 12 months that it's been on the market. Last sold was approx 400k in 1997. I'm guessing the owners did a massive refinance to the highest price they could appraise it at. (1.13) then stopped paying the mortgage. I hope the owners are taking a nice holiday with the money the borrowed from the bank before they stopped paying the mortgage. Especially since it is "AS IS" and it has had no takers at roughly the same price for the last 12 months, look out below! I’m in the neighborhood and I’ve been following this house for a while.

It opened at 1.13 then dropped to 995k.

It’s also been on craigslist some times for 899k and must sell.

All told, it’s been on the market for well over 12 months at roughly the same price.

For most of the time it has been in foreclosure, which makes me think that the owners haven’t paid their mortgage for about the 12 months that it’s been on the market.

Last sold was approx 400k in 1997. I’m guessing the owners did a massive refinance to the highest price they could appraise it at. (1.13) then stopped paying the mortgage. I hope the owners are taking a nice holiday with the money the borrowed from the bank before they stopped paying the mortgage.

Especially since it is “AS IS” and it has had no takers at roughly the same price for the last 12 months, look out below!

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