Larchmont Foreclosure Sold at $199K After Failed Short Sale
From CaseyPedia
In this post on IAFF, Casey is incredulous as the bank sells Larchmont at a loss.
Larchmont is sold on by Countrywide for $199,000. Casey gives a little history on the property, including the revelation that he was sold a pup: "This deal was put together by another investor and was being offered through the local investment club with the cash back already built-in." He also confesses that he was sold by the sweet "carrot" of a $50K cash back. "What was I thinking?'"
Casey then rails against the bank for selling on the foreclosed house for less than the $220K offer raised by his short sale efforts. "What was the bank thinking?". The $50K note is dismissed again: did he sign? Is it binding? Who knows.
The Foreclosure Friday adcast is trailed again with the promise of an appearance by loss mitigation specialist LossMitPro.
[edit] Comments
Casey posts "cash on the kitchen table" evidence of his earnings: "Sweeeeeeeet."
After the fireworks of the talkcast, in which Casey is confronted by an angry Steve Serin, Casey makes an understated comment: "Wow… what a craaaazy talkshow today." and later notes:
- Yeah the questions where pretty tough on this show… my borther had good things to say. I agree with a lot of his points but it’s just not that easy.
[edit] Links
- Larchmont Foreclosure Sold at $199K after Failed Short Sale, IAFF, May 25th 2007
- Larchmont sale MLS screenshot, Flickr, May 25th 2007
- Met the $1,000/week challenge..., comment on IAFF, May 25th 2007 at 9:03 pm
- Thousand Bucks Kitchen Table!, Flickr, taken on May 25th 2007
- What a craaaazy talkshow..., comment on IAFF, May 25th 2007 at 8:06 pm
- The questions where pretty tough..., comment on IAFF, May 25th 2007 at 9:11 pm
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