patrick.net

Anyone with access to property records can explain what's going on with this house?

Person A purchased for $750k in 2006.
Person A short sold the home for $518k to Person B.
*1 year passes by*
Owner is now Person A again via some sort of correction deed.

Cant say...
LOL! you should look up the history of several of the homes up and down the street.
You will find prices from 1986 around $150K and went up 40% or so to low 200K by 1996.
However they doubled and tripled(plus) into the next 10 years (2006).

These home are still way overpriced and need to correct down near 300K at best.
Sure to see many many more homes which were oversold and yet to foreclose years down the road.

Thomas, these houses still have fierce competition because of in-law units. The single story ones are selling for the high 300's-extremely low 400's, with the exception of a few suckers. Without an in-law unit, it's a $200,000 garage.

robot4 says

Thomas, these houses still have fierce competition because of in-law units. The single story ones are selling for the high 300’s-extremely low 400’s, with the exception of a few suckers. Without an in-law unit, it’s a $200,000 garage.

In-laws or out-laws dont matter, do you think in prior decade buyers thought like this ?
$750K at peak or $500K today, its insane. These prices are way beyond incomes and historical inflation trends.