Sunday, February 17, 2008

Dupont Renaissance: Update on #202

A brief update on the condo at Dupont Renaissance I mentioned in an earlier entry.

It didn't go to auction. It is still for sale, but the price has been reduced from $589,000 to $525,000 [after a brief stop at $587,000] and it's now advertised as a "short sale". Or, as another version of the listing states, "BANK ACCEPTING OFFERS UNDER MORTGAGE BALANCE". The fellow paid $529,900 in November 2005 and took out two loans to get 100% financing.

Property taxes for 2007 are still outstanding and the 2006 taxes were sold at auction last year. Total owed is a little more than $9000.

No comments: