Here's a short sale that's owned by a real estate agent. The sale also includes three flat panel televisions. These are not included in the loss calcuation.
There were a lot of these 700 square foot units at Union Square that were flipped so one could speculate that there are a number of simiilar units all worth less than what the current owner paid.
Union Square is a three building low rise condo complex in downtown's East Village.
Type: Listed on MLS(#068089931)
List Price: $345,000
(Range priced $325,000 to $365,000)
Loss@6% Sales Expenses: $60,700
Purchase Date: 09/29/2004
Holding Period: 26 months and counting...
Square Feet: 710
Purchase Details: view