Sunday, August 12, 2007

Today's F@cked Buyer

This one has already been foreclosed on is being sold by the bank. Proceeds from the sale will be be almost 50% from its March 2006 purchase price:


1405 TAHOE Ct, Lake Worth, FL 33461



I need your help with this daily feature. Do you know of a F@cked Buyer? Just add the MLS number or the FSBO link in the comments section and I will add it to an this daily update in the future.

4 comments:

The Coin Guy said...

Sorry, nothing appears on the realtor.com link

Anonymous said...

you should look at this house:

8556 NW 111 CT, Doral, FL 33178

seems like it was sold in 2005 for USD 750k. it is now on the MLS for 158 days and this is the price reduction history:

Price Reduced: 03/20/07 -- $745,000 to $729,900
Price Reduced: 04/05/07 -- $729,900 to $715,000
Price Reduced: 04/28/07 -- $715,000 to $699,900
Price Reduced: 05/10/07 -- $699,900 to $685,900
Price Reduced: 05/19/07 -- $685,900 to $669,000
Price Reduced: 07/20/07 -- $669,000 to $649,000
Price Reduced: 08/04/07 -- $649,000 to $635,000
Price Reduced: 08/11/07 -- $635,000 to $620,000

if i get this right, they are looking at a USD 130k loss before agent fees.

the house is still pitched at a valuation of USD 200+/sqft. Seems like they are headed for more pain.

i found this using zip and zillow. funny thing, zillow shows a valuation of $796,283. that appears to be inaccurate.

Anonymous said...

I love this part of your blog.
But you have to make sure the realtor.com links are working, otherwise this post may lose credibility.

South Florida Housing Bubble said...

"I love this part of your blog.
But you have to make sure the realtor.com links are working, otherwise this post may lose credibility."

Sorry. The link was working when I originally posted this. Unfortunately, since then, the house was removed from the MLS (Maybe they finally sold it?).

Once the home is removed from the MLS, the link to Realtor.com quits working. This is going to happen from time to time, especially on the older postings.