The course of a short sale is never smooth

Ear muffs for the entire family tossed in as a buyer incentive

13 Meadow Wood Drive, Belle Haven, is once again being reported as having a “contingent contract”. The house, then listed at $1.6 million, was reported as “pending” (meaning no unsatisfied contingencies) this past June but, pending or not, the deal was canceled, and the property was returned to the market at $2.7 million (!). In November a new, contingent contract was announced, but that deal, too seems to have fallen apart, replaced by yet another one today.

I can’t imagine anyone agreeing to pay anything close to $2.7 for this teardown because, Belle Haven or not, it’s right on I-95, and, at least to my ears, that ruins its value.

I’ll be curious to see if this third contract holds up.