›

MSNBC: "Poster child for the real estate slide" in Puyallup

deejayohdeejayoh
edited June 2008 in Seattle Real Estate
Piece about a Puyallup mortgage broker in danger of foreclosure

Real estate mess hurts those in field twice
Some find themselves among foreclosure victims as business dries up
Normally, Butterfield's savings and rental income would have carried her through a tough patch. But both those reinforcements evaporated: She bought her current home in early 2007 because a flood destroyed her original primary home and an adjacent rental. She had assumed her other properties could be rebuilt and rented, but due to legal technicalities she can't rebuild and has been been forced to sell the land at a loss.

She put her current home on the market in March for $315,000 — slightly more than the $310,000 she paid for it — and has had only one looker thus far.

Comments

  • garthgarth
    Poster child for flood insurance if you live by a river.
  • deejayohdeejayoh
    garth wrote:
    Poster child for flood insurance if you live by a river.
    Unless you live in a van down by the river. Then you can just drive away.
Sign In or Register to comment.