CRR Blog

Winter Win! West LA Condo with over $100K in Equity... Bam!!!


On Wednesday 12/21/2016 a buyer at auction picked up a 3BR/3BA Condo.



The lender was owed $892,322...  But the property has a market value of $858,003 so they decided to drop the bid price and draw in a buyer.



Bidding started at $701,250... and there was someone ready and willing to pick up the property below market price.



They bid just one penny over.  Got it!  $701,250.01



I wonder if they stuck the auction receipt in someone's stocking....



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