Thursday, July 2, 2009

Short Sale of the Day


Real estate websites like Trulia have recently added distressed properties to their advanced filter selection, so HousingBath will begin to highlight a different Florida short sale opportunity of the day. Bonus points will be awarded for homes with dramatic price reductions from neighboring comps and/or visual evidence of being neglected or abandoned. Today's property delivers both. This 4br/2ba Miami home was built in 1990 and is currently listed for $150,000. A comparable sized home was listed for $439,000 only two years ago. The interior has been vandalized and, according to the listing agent, needs new drywall and painting.

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