This bank owned duplex was listed at $35,500 in a residential neighborhood east of Washington Blvd. Obviously, it was priced to sell. We offered $40,500 and won the bidding between us and other contending buyers.
Thats when all the fun began. It then took 50 (not a typo) days for the bank to get signatures back to us so we could proceed to closing. We also had earnest money confusion on this file as well. Then, when the bank did get the signatures back to us they counter offered us at $35,500....$5,000 LESS than our original offer. Interesting. Note: The last time a duplex in Ogden sold for under $36,000 was back in 2003!
Anyhow, we closed on this property today and it should be a cash cow for the buyers.
Click here and email me if you are interested in opportunities like these and want to be notified when they are available.
Happy Investing!
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