Thursday, February 7, 2013

Scheduled Foreclosure Auction Today: 308 Clermont Avenue

[Update:  We're told foreclosure's been postponed]

Imagine our surprise when a renovated 3-Family that wanted over $1.6M in prime Fort Greene after the crash relisted last year for $1.39M as a short sale!  That's when some jokers proceeded to lowball the owner of 308 Clermont Avenue, then he wised up to the market value, and they increased their price.  Owner didn't know how much it was actually worth on the way down a few years ago or on the way up a few months ago, and it appears the music has stopped and it's now scheduled for foreclosure auction today with a lien of just over $933K... 

Steps from the Brooklyn Flea, steps from Fort Greene park, steps from "restaurant row" on Dekalb, and not too close to Barclay's... this is a slam dunk no-brainer that highlights the real estate bloopers that occur in Brooklyn.  Folks thought they could take this place down for less than condos trade for in this neighborhood!

This place has seen lurkers, low-ballers, investors, legitimate buyers, cash offers, shady attempts to avoid tax implications, Corcoran brokers and mom & pop brokers.  It's been called a short sale at $1.39M last year when it wasn't, then dared to ask as high as $1.9M after they realized they were much too low.  Can't wait to see what happens next...

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