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There is a lady in my neighborhood who keeps me abreast of everything that is going on in the neighborhood. She is 71 years old and retired. She has a dog that she walks all the time so she manages to find out about anything that is going on. It's amazing the things you can find out when you walk your dog a few times a day. She is a feisty lady and doesn't mind asking whatever is on her mind or giving you a few choice words if you disrespect her. She's had a few confrontations with some of the homeowners who fail to pick up after their dog or park their cars in the street.
She told me yesterday that ANOTHER home in our neighborhood is going into foreclosure. This one is particularly disturbing since they were the last one in my section of my neighborhood to buy their home. They bought the home a little over a year ago and they are now in foreclosure.
According to county tax records, they paid $201,000 for their home. The home is the same floorplan as mine and I paid $189,000. When I got ready to sell my home, I was counting on this home being a nice comparable. Not anymore. The home is now on the market for $159,900.
I'm curious as to why they lost the home so quickly. I've never talked to them in person. The most I've ever interacted with them was a friendly wave as I pass by. Did one of them lose a job? Was there a medical condition that they took all of their money? Could they just not afford the payments? Or was it because of the new Acura RL they bought 3 months ago?? According to Edmonds.com, the car has a MSRP of $46,280.
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