‘Twas the Day Before Thanksgiving and 2 Properties Closed

215 Milbank Closed today for $2.1M – which is the amount of the mortgage taken in 2008. The bank has it appraised for what was the original asking price $3.5 – so it appears that the buyer got a great value. They may considering trying to challenge the value in order to lower their taxes……

‘Twas the Day Before Thanksgiving and 2 Properties Closed

215 Milbank Closed today for $2.1M – which is the amount of the mortgage taken in 2008. The bank has it appraised for what was the original asking price $3.5 – so it appears that the buyer got a great value. They may considering trying to challenge the value in order to lower their taxes……

Whaddaya Think I’m New?

I recently had a conversation with someone who asked me to throw a number at a foreclosed property in Cos Cob. He said, “Offer $150K” – it’s bank owned – they’ll take it because banks get penalized for having these properties on the books”…I realize that banks don’t want to be in the real estate…