Author
Finding an under-rented mortgagee sale in 2007, with a water leak that made a mouldy patch in the carpet. When I saw this unit for sale, I knew it was very under-rented ($430 per week at the time, but should have been more like $550 per week), and I took an educated guess at what the bank was owed (I thought about $440,000) and I didn’t think the water leak would be hard to fix.
11/12/2013