And then turned around and sold it to an investor for $440,000, stating that it was a 2+1 instead of a 3+3.
But somehow, before that, RCS couldn't be bothered to reduce the interest rate for Carlos and Elaine even a little bit, let alone write down principal. Or give them time to short sale it.
Why not? If the lien holders were willing to take such a big hit, for way under market value, why couldn't they modify the original loan? Your guess is as good as mine.
Something is really, really wrong here.
By the way, the house is back on the market now in the mid-$500's and the listing agent (and I) think it will go for the mid-$600's. That's a tidy little profit for the current owner.
