How can you buy a home in 2004 for $925K and then ask $1.9 million for in in 2008. And have it be a SHORT SALE! This clown cashed out a million dollars (at least).
700 E chase dr. Corona. Yes, it's a nice house in a nice area and it's on a large lot. It's a 5116 sq/ft home with 5 bedrooms and 3.5 baths. There are only a few picture but it looks decent although the exterior is quite dated. Very 80's looking. It does not say what this home sold for new in 1990. I'll take a wild guess and say $350k. This guy paid $925K for it in 2004 and has it listed as a short sale for $1.9 million. The asking price is not only laughable, it's bust a gut laughable in todays market. I seriously doubt he could get his original purchase price. There are far more impressive homes for sale close by for just over a million and those have no chance of selling.
This is another listing that makes you wonder about some realtors.
4 comments:
Purchased in 1993 for $525K with 200K as down payment.
Cashed out 50k in 1998
Cashed out 50k in 1999
Sold to current owner in 2004 for $925k with $185k as a down payment. Financed $740K.
Refi & Cash out $485k in 02/2005
Refi & Cash out $175k in 11/2005
Cashed out $150k in 11/2005
Last transaction totals $1,550,000
That's $350k below their supposed short sale asking price of $1.9mil
Hmmm, interesting...
^^^and the sad thing is our tax dollars go to bail out this moron.
Probly has a Option ARM and has been paying the min. 1.55 mil with a 125% cap option arm would put him right at 2 mill.
My head hurts thinking about aholes like this. I'm gonna go pour myself a wee dram of Glenlivet (or two...or three...)
This agent things THAT is an olympic-sized pool???? She's obviously never watched the Olympics. It's not even junior Olympic sized.
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