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Updated about 8 years ago,

User Stats

39
Posts
10
Votes
Jeremy Shinall
  • Orlando, FL
10
Votes |
39
Posts

$150k property selling for $10k, no disclosures - what the ?

Jeremy Shinall
  • Orlando, FL
Posted

I've found a DEEPLY discounted property in Deltona that seems 'not right': http://www.realtor.com/realestateandhomes-detail/3...

My agent says there are no notes/history/disclosure in theMLS for this property. He was told the owner just wants to sell by Monday.

The County Appraiser office shows that this property was a "government acquisition" in June 2016 for $99,200: http://vcpa.vcgov.org/searches.html

It makes absolutely no sense that an owner would want to sell a property worth at least $150K (and was purchased for $94k) at a sale price of $10k.

My question is: what might be going on here? I'm curious if any experienced investors have seen anythign like this before.

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