Clarsbad flipper running out of time
Remarks:
Yet another flipper looking at a $150K loss in 19 months. Stupid is as stupid does!
Prediction:
Will get some looks at $600-639K
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Hi I'm Bob Flippa and welcome to "This Old House Flip". We will be investigating detailed examples of flippers attempting to quickly make a profit buying and selling the "American Dream" of owning a home in the San Diego County area. This blog serves to educate potential buyers of the unscrupulous activies of these flippers and will hopefully save you money in the longterm.
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Disclaimer: Observations made by the publisher of This Old House Flip are made based on gathering articles and data from various real estate, governmental and news sources. We are not responsible for errors or omissions of data and news. All opinions made by the publishers of this web site are not to be taken as investment advise. We recommend everyone to use their own judgment and gather facts regarding their real estate or other financial affairs.
5 comments:
Thanks for the new posts. These are some big losses.
Thanks for the great effort Bob. I find the sob stories just beginning to emerge from the MSM to be highly amusing. I won't find it amusing when our elected politicians start picking my pocket to pay off these fraudsters.
This property went back to the bank 11/9/06 for 664,233.75
Ugly house, yellow lawn included.
But hey, you only buy a house today to make money off the thing, right?
Did this one sell yet?
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