northwest district news...
October 9,2008
Former Mortgage Broker’s Home Takes The Prize For “Most Desperate Seller”
by Agent503
Not too long ago this prestigious 7000 sq. ft, 6-bedroom Mt. Tabor home was included in the National Register of Historical Places. It is now bank-owned and has become the mockery of several Portland real estate blogs. The property went on the market in May 2007 for 1.8M. Fifteen months later it is now priced at 899k, a whopping 53% less - the biggest drop among the 160 properties tracked in Portland's Desperate Sellers Database. The bank took over this property when the owner, a local mortgage broker, was unable to...uhmm...meet his obligations. If that ain’t a sign of the times… Find out more about this month's real estate activity and other Desperate Sellers here.
posted at 09:45 AM
2 comments
Comments:
Libby - October 13, 2008 12:07 PM
Is this your way of saying neaner neaner neaner. Rude.
Yes, its true people have gotten in over their heads.. but gloating about it when they do is not cool.
lynnette - October 13, 2008 01:38 PM
I don't think this is what the author intended. I'm sure he'll weigh in though. Thanks!
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