Thank you to a reader for supplying today's F@cked Buyer. This property has seen a 55% price drop in just 15 months.
The selling agent wrote the following about this property:
"$245,500 starting bid pre-foreclosure auction. House to be sold to the highest and best reasonable offer on sunday sept 23. Property interior inspections sept. 22 & 23 from 12pm-3pm. Bring a buyer who is the winning bidder and commission you choose to charge them over and above the final bid price is yours to keep!"
6461 SW 43 ST, MIAMI, FL 33155
- 4 Bed, 2 Bath SFH
- Bought in July 2006 for $550,000
- On the MLS for $245,000
- Days on the MLS: 59 Days
- Loss before the Realtor® commission: $305,000
- Loss after the Realtor® commission: $319,700
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.
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8 comments:
That's a 100k home max
Isn't this house sort of in the hood? Ludlum and Bird Road, right?
That's not exactly a great neighborhood. It's hard to believe someone actually spent $550,000 for that house at one point.
Do the Latin Kings provide 24-hour protection from from the Crips and the Bloods for that price?
Look at the Miami Dade "market value" assessment on it.
$325k
Why on EARTH would someone think $550k was a reasonable offer, AND WHY was that loan approved!!!!
Fraud!
The Latin Kings Home Appraisers and Drive-By Company
"Run them up and shoot them down."
I was thinking $50k by the looks of it.
Somebody paid 550k for THAT?
Maybe it is set up and ready to go as a grow house.
what a piece of sh*t. The bank is f*cked on this one when they forclose.
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