A Twofer

Longtime readers may remember that I predicted this would happen.  A house that sold new in 2006 has REO'd twice.  First the sales history:

Price History for 11522 Greene Ct

Date	Event	Price	Source
09/18/2012	Soldclose details	$134,565	Public records
	Recording Date	09/18/2012
	Contract Date	09/14/2012
	Sale Price	$134,565
	Price Type	Full amount stated on Document.
	Transaction Type	REO and Trustee Deed
	Document Type	REO Repossession
07/31/2009	Soldclose details	$130,000	Public records
	Recording Date	07/31/2009
	Contract Date	05/27/2009
	Sale Price	$130,000
	Price Type	Full amount computed from Transfer Tax or Excise Tax.
	County Transfer Tax	$143
	Transaction Type	Purchase/Resale Arm's Length Residential Transaction
	Document Type	REO Resale
03/10/2006	Soldclose details	$427,500	Public records
	Recording Date	03/10/2006
	Contract Date	10/14/2005
	Sale Price	$427,500
	Price Type	Full amount computed from Transfer Tax or Excise Tax.
	County Transfer Tax	$470
	Transaction Type	New Residential Construction Transaction
	Document Type	Grant Deed

Talk about bad timing.  Even then they way overpaid even for top of the bubble.  

No doubt the inside looks as tired as the outside.  

Imagine the terrible personal issues that made it such that someone lost this place with only a $130k mortgage.  

Of course the bank (number 2) is listing for higher than they took it for on the courthouse steps.  Scroll down to the nearby sales map in the link to see why that is a stupid idea.