That’s right, 9170 N. 107th Way successfully closed escrow. This property was a short sale with 2 liens, originally held by the same lender. The 2nd was sold to a collection agency who agreed to settle for about 10% of the balance of the 2nd mortgage. I listed this property in December of 2008, received a few good bites, and two contracts over a period of time which both fell out due to the buyer.
After finally receiving a solid contract in July, we finally received both letters of agreement in the middle of September for an October closing. Yet another casualty of the market, this property lost 37% of its value in less than 2 years, but thankfully, because of the hard work and dedication, another foreclosure was prevented.