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Updated about 10 years ago on . Most recent reply

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120
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Steve Candor
  • New York, NY
10
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120
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Confused on previous ownership - What is going on?

Steve Candor
  • New York, NY
Posted

Currently Listed for $105k

2003 TOM HILL purchased from HUD for $65k
2004 MIKE HILL purchased from TOM for $33K
2010 TOM HILL purchased from MIKE for $0.

Tom selling the property for $105k now. What is going on here? 

Most Popular Reply

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Mary B.
  • Real Estate Investor
  • Lansdowne, PA
656
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1,856
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Mary B.
  • Real Estate Investor
  • Lansdowne, PA
Replied
Originally posted by @Steve Candor:

Currently Listed for $105k

2003 TOM HILL purchased from HUD for $65k
2004 MIKE HILL purchased from TOM for $33K
2010 TOM HILL purchased from MIKE for $0.

Tom selling the property for $105k now. What is going on here? 

Could be one of those sale & buyback tactics. Plus, sometimes the numbers are skewed on county records and multiple properties were involved.  Yet the sold figure is much higher or lower then what was actually paid.    

Kudos,

Mary

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