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Another one

Posted by newbie on July 03, 2009 at 11:42 PM

In Reply to: Try and put things in perspective. posted by JK (the other JK) on July 03, 2009 at 1:05 AM

An investor bought a SFR at a trustee sale in San Jose, and
when he went to the property, the previous owner still occupied it,
and was not cooperative.
In fact, he did not even open the door. Did not answer the phone call.
A few weeks later the Sheriff broke the door open, turned out, the
guy hat shot himself.

If I remember right, he had bought for $420k, FMV was $600k,
because of the suicide, he had sell so low, he just broke even.



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