ouch - how about some short sales...
Started by ILoveMuayThai
about 17 years ago
Posts: 125
Member since: May 2009
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09/30/2008
Previous Sale recorded for $900,000.
06/02/2009
Listed in StreetEasy by Corcoran at $869,000.
so if they are upside down at $869,000, that must mean they bought with 100% financing.
What makes you think this is a short sale and why do you think they bought with 100% financing. it's on $31K below the previous sale and they may get more. if it was on sale for $700k then it might be a short sale.
Not that it matters, but the mortgage was for $675K.
so then this is not a short sale then. People, do your research before you post stuff like this.
> People, do your research before you post stuff like this.
ROTFL?
Did alpine really just post that?
Actually, it did have two big indicators of being a short sale: NJ investor and new-dev condo. This guy's leverage was a model of restraint, considering.