Friday, February 22, 2008

100% Financing

Wow. I guess I'm old school, but I still find it amazing that people were actually allowed to buy million dollar homes without putting down a penny. This short sale just popped up on the MLS today:

1117 PEBBLEWOOD WY,
San Mateo, CA 94403.

FOR SALE (short sale) - $879,500
LAST SALE - 11/23/05 - $1,040,000 (100% Financed - 80% Variable, 20% Fixed)

Right next to 101... I don't think I'd want to live here even if the sound wall was 100ft high. And someone paid $1MM for this house 2 years ago? Pictures look nice though.

1 comment:

Anonymous said...

Got in the house. Zero noise coming from the freeway, Amazing. I do not know why would you need a 100 feet sound wall. Adjsuted price for being near freeway is 50K.