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Maple Leaf flipper fun

deejayohdeejayoh
edited September 2007 in Seattle Real Estate
Check this one out. They bought a mere 4 months ago, and are trying to flip for $100k profit - yet their description is "TWO units for the price of one! Motivated seller will look at all offers including lease option"

this place has a crazy ownership history. records show 3 changes of hands in a year.

mls27172878fk8.png

Comments

  • AlanAlan
    Is there any difference between "lease" and "rent"?
  • bilirubenbiliruben
    Weird one.

    Looks like there may have been some fraud, maybe cash-back first payment default, back in 2005. Went REO, and then another default?

    The current owner is a company that invests in Chinese Media.

    Pretty hinky.

    If we actually had regulators...
  • pumpkinpumpkin
    I live just a few blocks from this house-- it's been on the market for _months_, but the listing cited here indicates that it's only been on the market 2 days. As a potential buyer, I hate when agents do that (I'm not interested in this house anyways, but still...).
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