426 SUNSET DR Unit: 426, POMPANO BEACH, FL 33062
- 3 Bed, 3.5 Bath Condo
- Bought in June 2006 for $823,100
- On the MLS for $739,999
- Loss before the Realtor® commission: $83,101
- Loss after the Realtor® commission: $127,501
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.
Stumble It!
6 comments:
This is prob. fraud. There should have been some money under the table during the last sale. Now the bank is on the hook
I agree. Looks like a classic case of mortgage fraud.
mortgage fraud. a lot seems to have occurred in socal. haven't seen much in sofla, but i suspect its here.
Could it be a preconstruction flip?
wow, the question is how long is it going to take for section 8 residence to have ocean views...
If you buy now, you will find a house like the one you bought for $100K or more less than what you paid. You effectively will be catching a falling knife and become instantly underwater on your mortgage! Imagine going to the bank and asking, "I'd like to open an account for minus (-)$100K". After years of deposits adding up to $100K you will have $0 in the account. Silly isn't it? Well that is exactly what you will be doing if you bought a house right now. Maybe a little more, or a little less, but either way doesn't sound too good does it?
http://patrick.net/housing/crash.html
email me your thoughts on the south florida market to dontbuy2007@yahoo.com
Post a Comment