by LAO ➕follow (0) 💰tip ignore
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I think u got it right about the trustee
sale... Property shark revealed a trustee sale.. I don't know exactly what that type of sale is... But how can I get in on bargains like that!
This is our neighborhood. Lots of people took out insane loans they can't afford to pay. This place is also on the main street in an area with very many foreclosures.
http://www.redfin.com/CA/Woodland-Hills/5616-Fallbrook-Ave-91367/home/3225448
Anyone know what went on with this home sale (3 bed/2bath Pool home)... It was on the market forever at $439K back in April, 2009... Dropped to $399K, then $350K.. then sold in Jan 4, 2010 for $285K.
Then this buyer Mario Nordet, (discovered via Property Shark), just appeared to have flipped it for $399K.. What the seller was originally trying to get just a few months earlier for it?
There was no updates about renovations having been made on Redfin.. And I doubt much work could have been done in a month or so to warrant a $115K increase in a month?!
Anyway... it's shady sales like the above that discourage me from considering buying.... The numbers all seemed to be pulled out of everyone's asses...