Is there a house that never sold or sold 50% below buying price..... (appraisals, value)

[399083453]

Originally Posted by IDontKnowWhyIDidIt

I have spent 4 years in college with this guy and he was very helpful than and I am sorry I cant help him.

Don't feel sorry for him, he is obviously doing well to afford a $600k house and is moving for a better job. He will be fine.

[IDontKnowWhyIDidIt]

Originally Posted by 399083453

Don't feel sorry for him, he is obviously doing well to afford a $600k house and is moving for a better job. He will be fine.

I dont agree. He WAS doing well. Now he is on the verge of losing 200K+ just because some idiot spread the rumor of a fake bullet

[thelopez2]

Originally Posted by IDontKnowWhyIDidIt

I dont agree. He WAS doing well. Now he is on the verge of losing 200K+ just because some idiot spread the rumor of a fake bullet

He bought for $600k he already dropped the price 10% roughly 60k this is a far from $300k of a 1/2 price offer, he paid 35% off which leaves close to 400k balance, and he is considering walking away and foreclosing. Plus he has been trying to sell for 2.5 years.

This doesn't make much sense to me, is he trying to do a for sale by owner. Can you get either his address or the address of one of these other homes that sold for 600k a few blocks away. Something just doesn't seem right here.

[399083453]

So....... how do buyers find out about this imaginary bullet?

[elhelmete]

Originally Posted by IDontKnowWhyIDidIt

I dont agree. He WAS doing well. Now he is on the verge of losing 200K+ just because some idiot spread the rumor of a fake bullet

Somehow I think the bullet is a major red herring.

[IDontKnowWhyIDidIt]

Originally Posted by thelopez2

Can you get either his address or the address of one of these other homes that sold for 600k a few blocks away. Something just doesn't seem right here.

Let me ask him if he is OK with me posting his address here.I dont see why not, but let me confirm

[IDontKnowWhyIDidIt]

Originally Posted by 399083453

So....... how do buyers find out about this imaginary bullet?

Good Question...I dont know. He did say it was in the news. Also he said you can see the shooting range signs while driving to his house.

[IDontKnowWhyIDidIt]

Originally Posted by elhelmete

Somehow I think the bullet is a major red herring.

Why do you think its a red herring. Dont you see this as a threat to life?

[thelopez2]

If you don't want to post it, how about just send it in a direct message so the whole world doesn't see it.

[IDontKnowWhyIDidIt]

Interesting...He did an appraisal. The appraiser did not consider the range for pricing, although he mentioned it in the report....630K. The house is listed at 590K. I am guessing appraisal value does not hold much ground.