Failed Flip is Back, Short

By Dave Fratello | April 18th, 2008
A new listing practically begs "steal this home."

Just the other day we wrote about 225 39th (click for the new listing via Redfin), which was in default a year ago and got sold in a "rescue" sale for $1.595m. (See "Foreclosure Flip Fails.")

After a try at $1.7m+, the price came down to $1.525m.

If you waited on this one, you'll be glad. Because today it's up at $1.1m, with this important caveat: "Price subject to lender's approval."

It's a shortie, now, folks. Let the bidding begin.

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