House of the Day: 1171 Dean Street
This four-story house at 1171 Dean Street in Crown Heights just hit the market with an asking price of $595,000 and the full disclosure that it’s a handy-man special. With plenty of original detail, it definitely has potential. Now here’s the weird thing: This house changed hands for $850,000 two years ago according to Property…
This four-story house at 1171 Dean Street in Crown Heights just hit the market with an asking price of $595,000 and the full disclosure that it’s a handy-man special. With plenty of original detail, it definitely has potential. Now here’s the weird thing: This house changed hands for $850,000 two years ago according to Property Shark! So either someone’s taking a serious bath or there’s some mortgage fraud going on. Regardless, it’ll be interesting to see how a how in this condition in this area will sell in today’s market.
1171 Dean Street [Mark David] GMAP P*Shark
It’s when a shady 5 foot 1″ broker sells you a crackhouse for $600,000.
This house will go FAST…
It’s the real estate equivalent of a short stack.
what’s a short sale?
5:12, to find sales history I use PropertyShark.com. They list all the title changes that include the sales price.
You can also search the city database at http://www.nyc.gov/html/dof/html/jump/acris.shtml
I know this house, they did a short sale and got a discount, they offered me this house 2 months ago for 500k and I’ve passed, guess somebody else close on it and want’s to resell it.
“sure. one key element to mortgage fraud is massively overpaying for a house. In this case, the buyer paid $850,000 and financed $807,500 (95%). And now two years later it’s on the market for $595,000. ”
Huh Brownstoner, do you really know the details of this deal?! Looks like again you are talking out of your ass!
“We have no idea what the story is in this particular case but, as we said in the post, there are two options, “someone’s taking a serious bath or there’s some mortgage fraud going on.”
Oh now it’s a “Opinion”. Do you have access to say Brooklyn MLS? Or maybe hold a Broker License ? Or maybe have done Mortgages?
See Brownstoner why you get into trouble?! BTW Where is Sarah Ryley? Did you kill her or she couldn’t stand you anymore/
The What
Someday this Blog is gonna end…
what website do you use to find out the sale history of a house?
Ok noisey, busy bodies; how about this. Someone (broker) buys the house in a short sale for 400k area and is now selling it for $595,000 (hoping to get more). Now which one of you suckers are ready to bid?