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Updated over 7 years ago,

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1
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John Peterson
  • Atlanta, GA
0
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1
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HUD Agreement / Tax Assessor Sale Dilemma - Please Help

John Peterson
  • Atlanta, GA
Posted

Hello BP - Have a situation that I'm trying to work through on a potential investment property...

The wholesaler that I'm working with told me that the subject property sold for $122k ($115 + $7k in fees to the wholesaler and REA)...This is consistent with the HUD agreement. However, it also shows that they added $150k into the settlement agreement which put the new total at $227k...But then it shows that they backed money out which makes it look like the property sold for $150k in September of 2016 on the Board of Assessors website.

This seems very strange / confusing to me...Does anyone have thoughts as to why they would do this?

All thoughts / input is welcome.

Thank you