Anonymous wrote:SOLD! With a $230K loss + realtor fees of approx $70K, so a $300K loss all in. OUCH! I feel for the sellers but maybe they're relieved to be done with it. I hope the buyers love their new house!
Anonymous wrote:Anonymous wrote:Aaaaand it's back !
https://www.redfin.com/DC/Washington/3615-Kanawha-St-NW-20015/home/9978110#property-history
Think it will go quicker this time?
Whoa!! $200K below what they paid just 4 months ago? That's going to HURT! I know it's none of our business, but I am so very curious why they're willing to take such a hit.
Anonymous wrote:Anonymous wrote:And if they become landlords - in theory their mortgage gets reset to an investment property and the rate will go up.
Therein lies another issue entirely. If they bought this knowing full well they planned to rent it, that's mortgage fraud.