- Oct 25, 2006
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So I have had my house for sale for over a year and it looks like I might finally be selling it.
What a ride but just looking to get out. Here is the cliffs
Bought land in 2005 for 110K
Built Mcmansion in 2006 for 270K
Financed with 7/1 arm 100%
2007 appraised at 621K <--we're rich
2008 ouch
2008 refi to 30 year mortgage (payment ouch)
2010 sell this POS list on market 499999K
2011 final sell price 429K
Glad that is over learned a nice lesson.
didn't do the house atm thing........luckily
What a ride but just looking to get out. Here is the cliffs
Bought land in 2005 for 110K
Built Mcmansion in 2006 for 270K
Financed with 7/1 arm 100%
2007 appraised at 621K <--we're rich
2008 ouch
2008 refi to 30 year mortgage (payment ouch)
2010 sell this POS list on market 499999K
2011 final sell price 429K
Glad that is over learned a nice lesson.
didn't do the house atm thing........luckily