Friday, February 1, 2008
52% off last sale in Corona
The loss if it sells at this price will be $651K or just over 52%
How realistic was the $1.25 million selling price in mid 2006? Well, this one is very obviously a huge steaming pile of mortgage fraud. There are at least two model match properties in the same tract that also sold in 2006. One in early 06 sold for $830k and one a couple of months after our fraudster sold for $800K. All 3 of these homes are currently for sale for the same price. All three of them are beautiful homes inside. I can't see anything that sets any one of them apart. Possibly the $830k home stands out just a little bit as it has a nice back yard and a landscaped courtyard. Our fraudsters yard is au-naturale. Yes, for 1.25 million he got a dirt back yard! Judging by the other two this home sold for roughly 50% more than it should have in 2006. Of course after this sale posted I'm sure everyone in the area thought there home was worth a million plus.