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Seattle Bubble Forum Archive • View topic - Eastside Flops (www.EastSideFlops.com)

Eastside Flops (www.EastSideFlops.com)

Anything and everything relating to Seattle-area real estate.

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Re: Eastside Flops (www.EastSideFlops.com)

Postby EastSider » Tue Nov 18, 2008 10:40 pm

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Re: Eastside Flops (www.EastSideFlops.com)

Postby EastSider » Wed Nov 19, 2008 10:36 pm

Issaquah Highlands Home

Sold in Aug/2007 for $814k
Currently listed for $674k (19% drop in 15 months)
ZEstimate is $780k

http://www.redfin.com/WA/Issaquah/2017- ... e/12448630
Image
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Re: Eastside Flops

Postby EastSider » Fri Nov 21, 2008 7:08 am

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Re: Eastside Flops

Postby EastSider » Fri Nov 21, 2008 7:11 am

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Re: Eastside Flops (www.EastSideFlops.com)

Postby david_mcmanus » Fri Nov 21, 2008 7:26 am

I guess somebody didn't get the memo.
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Re: Eastside Flops (www.EastSideFlops.com)

Postby Alan » Sat Nov 22, 2008 1:04 pm

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Re: Eastside Flops (www.EastSideFlops.com)

Postby EastSider » Tue Nov 25, 2008 6:58 am

Sammamish Home

Sold in May/2008 for $885k
Currently listed for $875k (10k drop in 6 months)
ZEstimate is $849k

http://www.redfin.com/WA/Sammamish/2028 ... e/12303982
Image
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Re: Eastside Flops (www.EastSideFlops.com)

Postby shannon » Tue Nov 25, 2008 8:18 am

this one is so sad...keeps going down down down. Originally listed at $1,035,000 now look....

7319 Lake Alice Rd SE
Fall City, WA 98024
Price: $599,000

Last sale Jul 11, 2007 Sold $940,000

Image


http://www.redfin.com/WA/Fall-City/7319 ... ome/465829
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Re: Eastside Flops (www.EastSideFlops.com)

Postby david_mcmanus » Tue Nov 25, 2008 8:51 am

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Re: Eastside Flops (www.EastSideFlops.com)

Postby EastSider » Tue Nov 25, 2008 9:24 am

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Re: Eastside Flops (www.EastSideFlops.com)

Postby The Tim » Tue Nov 25, 2008 11:24 am

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Re: Eastside Flops (www.EastSideFlops.com)

Postby jon » Tue Nov 25, 2008 2:00 pm

If you keep clicking through parcel viewer, some trust bought the property because of a default on the mortgage. I googled the grantee "mortgage loan asset backed certificates" and found this interesting class action lawsuit on a similar entity

http://securities.stanford.edu/1039/CMLTI_01/

Seems the investors didn't like being sold AAA trash.

When suits like that are resolved it will be another wave of hits on banks like Citi.
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Re: Eastside Flops (www.EastSideFlops.com)

Postby sniglet » Tue Nov 25, 2008 3:49 pm

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Re: Eastside Flops (www.EastSideFlops.com)

Postby jillayne » Tue Nov 25, 2008 5:16 pm

sniglet, click through from jon's link. No wonder CitiGroup finally showed their hand to the government and asked for a bailout.

A class action lawsuit like this could set a pathway for future lawsuits.
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Re: Eastside Flops (www.EastSideFlops.com)

Postby garth » Tue Nov 25, 2008 8:57 pm

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