Today I had a very shocking situation. And I admit I got very upset over this. So upset that I was starting to inform the local media and the goverment. – But after taking a deep breath I decided against it.
Here is what happend. A few month back I had a client who put in an offer on a short sale property. It is a very nice home, fairly new and very exclusive and high quality. It is located on a Fresh Water Canal in SW Cape Coral. This offer was written for $ 310,000 cash. The short selling bank refused to take this offer. And after several times and endless hours on the phone plus dealing with a very frustrated buyer - we finally gave up on this house.
Today I received a call from another client of mine, who picked up the very same house as a new listing in the MLS. Now it is listed as a bank foreclosure for $ 178,900.
American Tax Payers just took a loss of $ 131,600!!!!!!   - That does not make any sense to you – well don’t feel alone it does not make sense to me either.
Monika Wilson
Today
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