Posted by AM on September 21, 2004 at 05:06:43:
Thank you beachboy!
The reason why the owner walked out is simply, s/he didn’t pay mortgate and the house was bought by lender. According to comp, it’s about $400,000. Like you said, I will drove by the house and see by myself. $160k simply means the unpaid amount (according to the info) but who knows, lender just want to get rid of the property.
I will talk to the londer today about what is the asking price. I will let you know.
Thanks for your help, again!