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Mark, Home Buyer in New York, NY

Today I looked at a 2-familiyi house in NYC (Queens) that is supposed to be bank owned. I looked up the

Asked by Mark, New York, NY Tue Jun 3, 2008

address on Trulia, and it shows as being sold to the most recent buyer on Jan 4, 2008... Can someone confirm for me if this is possible and if so, explain a possible scenario? It seems like too short of a timeframe for this to have happened. I thought it unlikely a lender would have lent in a situation where this could happen in such a short-timeframe given the current lending environment. The asking price is about 5% less than the Jan '08 sales price listed in Trulia. It also shows as having been sold in 2004 for 8% more than the Jan'08 sales price.

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Nothing you have related is unusual. Many tragic scenarios could have played out and resulted in a foreclosure since January.
0 votes Thank Flag Link Tue Jun 3, 2008
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