Double shorts

Never looked worth 400k , perhaps the housing correction has finally brought houses in line with reality. 250k seems about right.. ------------- http://www.washingtonpost.com/wp-dyn/content/story/2010/09/25/ST2010092504341.html?sid=ST2010092504341 The original owner bought the home for $400,714 in 2006; Harris and her husband, both bartenders, paid what seemed to be a bargain price, $289,000, in... [more]

Never looked worth 400k , perhaps the housing correction has finally brought houses in line with reality. 250k seems about right.. ------------- http://www.washingtonpost.com/wp-dyn/content/story/2010/09/25/ST2010092504341.html?sid=ST2010092504341 The original owner bought the home for $400,714 in 2006; Harris and her husband, both bartenders, paid what seemed to be a bargain price, $289,000, in 2008. But they have fallen behind on their mortgage payments, in part because her husband was out of work. Now they have a $246,000 offer for the home, and the balance on their mortgage is more than that. They want to accept the offer. All they need is their bank's okay. [less]