PD,

You can't get any better than Liam's answer! . . . "unconditionally" removed from the listing agency and homeowner owes more than the listed price. Smells to me like a ride out or a potential foreclosure.

Love and Peace,
Francesca, Realtor, ePro
Francesca@PatrizioRe.com

9 Derringer Drive, as you may know, was sold in 2006 for $486,200.00. It was subsequently listed for sale by the new owner in June '08 for $465,000.00 and later reduced to $428,900.00. On 07/14/09 the listing was unconditionally withdrawn. According to tax records the current owner has an outstanding mortgage liability of at least $375,000.00. In all likelihood, current market conditions are failing to generate offers adequate to offset that liability and the owner may have opted to ride out the current bear market or, more regrettably, may be in the early stages of foreclosure.