Market Conditions in 85233 : Real Estate Advice

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David - Appr…,  in Maricopa, AZ
David - Appraiser answered:
How can a home on my street sell at auction to a bank for $216K then be listed and sold for only $165K??
Jay and Carlos are correct. When the bank is the highest bidder at the auction and takes back the property, that transaction is recorded for the amount of the default mortgage (what wa ... more
0 votes Share Flag Mon Jul 14, 2008 Market Conditions in 85233
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