95K OFF IN BALLARD

Lionel

Price Reduced $95K for quick sale! Charming 1930 Ballard Bungalow walk to shopping, restaurants & Farmer's Market.

http://seattle.craigslist.org/see/rfs/331221771.html

deejayoh

not sure how "quick" they want to sell. been on the market 58 days

Price Reduced: 04/09/07 -- $595,000 to $559,950
Price Increased: 04/10/07 -- $559,950 to $595,000
Price Reduced: 04/10/07 -- $595,000 to $559,950
Price Reduced: 05/15/07 -- $559,950 to $499,950

Next month, Shuggy will list it as having gone in a bidding war when it sells for $502k

mike2

Instrument Number: 20070412001163
Sequence #: 0
Date Received: 04/12/2007 11:49:32 AM
Document Type: DEED OF TRUST


She re-fi'd it while it was listed on the market? I thought that was a no-no. Apparently she's running low on cash. Probably already spent that $95K in "equity".

Odd, she's owned it for 11 years.

twistjusty

She probably took out a HELOC so she could have a downpayment for the property she's buying. Not unheard of for "longterm" owners to do that.

mike2

twistjusty wrote:

She probably took out a HELOC so she could have a downpayment for the property she's buying. Not unheard of for "longterm" owners to do that.

You're right about that - what is unusual is that it happened while the property was on the market. Then again it may indicate she signed on another place and now really needs to dump the old one. Bad planning either way.

klio

Or she could have refinanced to consolidate a little remodel, vacation, credit card debt. Maybe didn't get the best loan, spends beyond her means and is now feeling the pinch.

Question Mike2:
Where did you find the financial information on this parcel? Thanks.

mike2

Get the Parcel Number off Zillow then go to the King County Records site and look up the docs on file.