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Asking price $ 145 K, value according to the property appraiser $ 151K
Property taxes are $ 1800.-
According to the public records the home has a refi on it. for $ 79 K principal, with a 360 months monthly payment of $ 390.-, which isn't too bad to have as a mortgage...(refi in 2009)
No other mortgage on it!
So maybe some one can tell me if I'm wrong, but why would this be a short sale?
Btw. the broker/realtor is stating property taxes are $ 1500.- which clearly isn't true....
If I'm right this is just a bad sales add and a bad way of trying to fool the buyer stating what a good deal it is...while the value is just what the asking price is, lying on the property taxes (since the new owner needs to get homestead otherwise the $ 1800 will be much higher).
Although the buyer would get a nice deal for the right value...it is to me not a short sale at all, just the mortgage needs to be satisfied, like in any normal sale. The owner paid $ 245 K a few years ago.
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