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How can a house in a $600k neighborhood sell for $230k?
What's wrong here? A clerical mistake? This isn't the only one I've seen in this area (Silicon Valley not just San Jose) so I'm not convinced it's a clerical mistake.
How can a house in a $600k neighborhood sell for $230k?
What's wrong here? A clerical mistake? This isn't the only one I've seen in this area (Silicon Valley not just San Jose) so I'm not convinced it's a clerical mistake.
Are bank owned property really this cheap?
There may have been multiple loans on the property. The foreclosure (price) would be for the loan being foreclosed.
Last house I looked at that had a "WTF?" price on it was interesting. Looked great from the front, in a nice neighborhood, comps on the same street and in the general area were running $150k higher than the house -- but there weren't interior photos posted.
So I called the listing agent and asked for more photos which he then sent me. House was completely (and I mean COMPLETELY) gutted on the inside, down to the studs. The concrete slab had holes cut into it and there was no plumbing/electrical.
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