Sale Pending (MLS-listed)Listed at: $199,000
Beds: 1 Baths: 1 Sq. Ft.: 740 $/Sq. Ft.: $269 Lot Size: 5,500 Sq. Ft. Property Type: Detached Single Family Stories: 1 Year Built: 1912 Community: Parkside County: San Mateo MLS#: 81120671 Source: MLSListings Status: Pending With Release
On Redfin: 9 days1bd/1ba land value only. Please do not disturb occupants.
That looks like a pretty fine house. I wonder what’s wrong with it.
But here’s what Burbed reader Sam wanted to bring to our attention:
I see this kind of thing from time to time- a short sale property that goes pending the same day it is listed. I have to wonder how the underwriting bank- who is taking a loss on this kind of transaction- can permit this to happen. Of course, the bank may not agree to the sale, but if they do it sure smacks of some kind of rigged game/insider shenanigans. Since sunlight is said to be the best of disinfectants, I’m hoping that burbed can shine some light on what appears to be something rotten.
Let’s look at the history real quick:
Looking at this listing, what I see is that the listing price is $199k. But we’ll have to wait and see what the final selling price is! Will be $500k? $750k? $1M?
Only time will tell…