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- 3 Helpful Answers
- 22 Answers
- 2 Blog posts
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Real Estate Broker for Keller Williams Realty
May 2002—present
I have closed over 250 transactions over the past seven+ years, including pretty much…
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I have closed over 250 transactions over the past seven+ years, including pretty much…
Specialties:
Investment Properties, Short Sales, Financially Distressed Sellers, Properties with Renovation Potential, Sad Properties that Need Help, Income Properties,
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Certifications
& Awards:
& Awards:
Licensed Real Estate Broker, California and Texas; Licensed Architect, California; Top 5% Producing Agent, Keller Williams Realty 2002-2008; Team Leader/Broker
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Interests:
Investing in Real Estate, Teaching Agents and the Public How to Invest in Real
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About:
Me - bringing my clients a very uniquely valuable combination of skills, experience and education so that I provide the best, most timely advice about
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Testimonials:
"Numerous testimonials for specific types of buyers and sellers provided upon request."
Anne Mosnier Kennedy Tue Sep 1 ... show more
Anne Mosnier Kennedy Tue Sep 1 ... show more
Anne Mosnier Kennedy answered:
Dear Geo,
Well, depending on the source of your information about their "sold" status it might be that they did not actuall "sell" in the traditional sense but were sold at auction to the lender who initiate the foreclosure proceedings. In that case, the MLS status should say "withdrawn" not "sold". But, let's assume the properties did actually "sell" in the traditional sense. One possibility is that they were purchased for an excellent price and the purchaser turned around and immediately re-listed them to try to make a quick profit. Another is that they were purchased with the intention of improving and flipping, but the funding didn't materialize for the improvements. Since these two possibilities don't happen very often, my hunch is that there is a flaw in the interpretation of the status data you're seeing and that their real status was not "sold". If you want to know for sure, let me or another agent know the addresses and we can research it in the MLS for you.
Happy sleuthing!
Anne
Well, depending on the source of your information about their "sold" status it might be that they did not actuall "sell" in the traditional sense but were sold at auction to the lender who initiate the foreclosure proceedings. In that case, the MLS status should say "withdrawn" not "sold". But, let's assume the properties did actually "sell" in the traditional sense. One possibility is that they were purchased for an excellent price and the purchaser turned around and immediately re-listed them to try to make a quick profit. Another is that they were purchased with the intention of improving and flipping, but the funding didn't materialize for the improvements. Since these two possibilities don't happen very often, my hunch is that there is a flaw in the interpretation of the status data you're seeing and that their real status was not "sold". If you want to know for sure, let me or another agent know the addresses and we can research it in the MLS for you.
Happy sleuthing!
Anne
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