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Jackie,
You wrote today in the “You Need to Learn About R.E. Options” blog that you had an Option on a home for $550,000 in a nice neighborhood and sold it with a Highest Bidder Sale for $650,000.
Could you fill in some of the blanks for me please:
What was the house actually worth ? Was this a neighborhood of $750k homes, or million-dollar homes or what ?
Was it a “Short Sale” situation or was there enough equity still in the home that the seller was still happy to get something from the $550k Option with you was for.
Thank you in advance !
The house was worth $650,000 — no short sale.
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