Buy High - Sell Low?
Jun 21st, 2009 by Wes
Continuing our conversation about buy low/sell high started in our last post, here is an example of someone who bought high and sold low.
In this case the sale was a deed-in-lieu of foreclosure. The buyer (owner) could not afford the payments so the buyer gave the property back to the lender. This is still a sale. The buyer bought high ($249,900) and sold low ($0.00). This buyer lost all down payments and any equity in the property.
LENDER OWNED
San Juan del Sur Townhouse For Sale
Two bedroom, two and one half bathroom ocean view townhouse at Bayview Terrace. Fully furnished with towels, linens, etc. Two short blocks to sandy beach and 10-minute walk to restaurants and town center. Original listing $249,900.00 now being offered as a lender owned property at only $139,000.00
