InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Code References 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 70+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map About Us Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Builder blow out unsold - recent buyer loses $100K value Posted by The Short Sale Realtor on September 22, 2006 at 12:35 AM I just had a Short Sale prospect call me. Prospect purchased a Condo Conversion for $300K in April 05. I just ran comps: There was one "re-sale" in early '06 for same model at $350K. The Condo Conversion builder had many units unsold and recently sold many of the same models for $250K, 245K and $240K. Now they are asking $235 for the remaining inventory. My prospect was lucky she only paid $300K - what about the poor guy that paid $350K? I hope he wants to stay in the property for a while. Follow Ups: Re: Builder blow out unsold - recent buyer loses $100K value Daniel 8:14 PM, 09/23/06 (1) Re: Builder blow out unsold - recent buyer loses $100K value Heidi - Short Sale Realtor 9:00 PM, 09/26/06 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I just had a Short Sale prospect call me. : Prospect purchased a Condo Conversion for $300K in April 05. : I just ran comps: : There was one "re-sale" in early '06 for same model at $350K. : The Condo Conversion builder had many units unsold and recently sold many of the same models for $250K, 245K and $240K. : Now they are asking $235 for the remaining inventory. : My prospect was lucky she only paid $300K - what about the poor guy that paid $350K? I hope he wants to stay in the property for a while. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-2006, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455