Property Q&A in Glen Ellyn>Question Details

Simona, Home Buyer in Wheaton, IL

this house is on the market again for more than half off the price....what is wrong with it?

Asked by Simona, Wheaton, IL Mon Mar 23, 2009

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This home sold and closed in 2006 for $447,000 and then was put back onto the market, as you noted, in February of 2008 for $439,000. It appears that since then the home has gone through a foreclosure and now has extensive water damage in the basement (although I have not personally been in the home since the foreclosure), which would explain the lower price. Also note that the seller is assuming that the home would not pass an FHA inspection, because they are asking for cash or conventional financing only.

Please note that if you would like to specifically find out more about foreclosure properties, you should check out my website at, where you can register to see homes listed on without having to subscribe to their service.
0 votes Thank Flag Link Mon Mar 23, 2009
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