A home was for sale on Russell a little over a month ago for abuot 90000. Did it sell?

Angio
Home Buyer
Saline, MI

Answers (1)
David Wallner
Agent
Ann Arbor, MI
FIRST ANSWER

Angio, The home at 102 Russell was offered for sale at $89,000 (originally listed at $116,000). The listing began in October last year and was withdrawn on April 6, 2009. The home was in "short sale" classification which means the owner was probably behind or struggling to keep up with mortgage payments. With a short sale the lien holder must agree to take less than the amount that is owed to approve the sale. Basically the lender has to decide which is better, approving a short sale and losing the shortage or foreclose and take their chances on selling it for a higher net price (there are huge costs associated with foreclosure). Are you looking to purchase a home in this area? If so you may feel free to contact me for further assistance. I work throughout Washtenaw County and welcome the opportunity to be of service. Feel free to use my real estate search engine, which is of course free of charge or obligation. Just click the link and stard by entering an address, city or zip code. When you hit SEARCH more search criteria will open. Regards, David Wallner - REALTOR, ABR, GRI, EcoBroker 734 649-2719

Mon Jun 29 2009, 02:56

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