since you are going semi pro… i think this should be a regular thing. updates when good deal or nots sell.

from the responses, that was not worth buying at ANY price. I’m thinking of the Tom Hanks movie Money Pit

This is definitely something that will become a new feature given my new status! I’ll start with at least one update a week.

Maybe not but the sales information. It gives me real estate devaulation anxiety!

That’s right across from the bus stop and nearly every dog that passes by in the morning pees there.

Possibly a bad sign?

It looks like the $209,766 came off the public records and it was the bank selling the property to itself at auction. (Don’t ask me to ‘splain this. It makes no sense.)

Here is the recent MLS activity showing the previous listing that was withdrawn in October, and then the current foreclosure listing that shows the property went back on the market and is now under contract (it was listed at $219,900…won’t know what it sold for until it goes to settlement).

http://matrix.mris.com/Matrix/Public/Email.aspx?ID=28037743531

a much much smaller scale, like buying a sweater for $67.50 feels more reasonable than $70.00

Oh, we priced that way during the nutso market, too

hipchickindc – I think the foreclosure rules require the bank to auction the property. If it does not sell, then they “buy” it back. The amount is that which was owed on the note Had something similar happen to the house next door to me. I called the auction house to ask what was up with the auction, that that is how it was explained to me anyway.

Steve, that sounds about right. I’ve seen some very weird numbers on the buy backs, though, and don’t know if particular banks record the buy back differently for accounting reasons.

I’m sure you can, but what sometimes complicates the numbers are second trusts (either with the same bank or another), as well as renovation loans (in some cases set up as a second), as well as third party liens (like taxes, back condo dues, etc.)