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Serves them right, MCM has last laugh on the remuddlers


retromodernjeff

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The story continues...

This one is a REO now owned again by Compass Bank. Opening bid on this is $358,000, but could go lower easily. They hope to get $358,000. The interesting point in that price is that they can't even sell it for the lot price. And funny enough there is a broker on HAR still trying to sell it for $619,000. Nice little trick there. This one should be on Wikipedia under re-muddling.

Why would someone pay $399,000 for a home today, that had "an opening bid of $358,000" over 5 months ago?

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