Tuesday, March 29, 2011

Foreclosed 3 times in 5 years!

Stay the hell away from this house! Seriously, someone put the whammy on this thing. It's triple jinxed. 27684 Fairmont in MoVal has gone through 3 foreclosures in 5 years. If that's not a record it has to at least be tied.

Purchased new
Dec 15, 2004 Sold (Public Records) $380,000

Foreclosed

Jan 18, 2006 Sold (Public Records) $351,000

Sold at the peak as REO
May 22, 2006 Sold (Public Records) $430,000

Foreclosed
two years later
Apr 15, 2008 Sold (Public Records) $198,817

Sold again as REO
Aug 29, 2008 Sold (Public Records) $260,000

Foreclosed
AGAIN
Aug 12, 2010 Sold (Public Records) $211,806

And now it's listed for $240k. That's seems about $40k too high to me and Zillow actually agrees with me. But I wouldn't buy this thing, it's freeking hexed!

1 comment:

William said...

Wow, the first dude who got foreclosed on must have really been an idiot. It foreclosed while the market was still in an uptrend. The fact that it was down 30K from the end of '04 to the beginning of '06 was odd, but based on the REO sale a few months later it sold at a profit. I wonder if they even made any payments on the thing since they really only owned it for a little over a year, LOL!