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Posted on 4/26/17 at 3:16 pm to MrAUTigers
quote:
Just read an article that the Kanell's got $1.2 mill when they sold their Ft. Lauderdale home so they could move to the Bristol area. I think he is doing just fine financially.
That depends on the home's payoff.
If he still owed $900,000 on it....
Posted on 4/26/17 at 6:24 pm to MrAUTigers
quote:
Just read an article that the Kanell's got $1.2 mill when they sold their Ft. Lauderdale home so they could move to the Bristol area. I think he is doing just fine financially.
Do you know what the homes appraised value was?
Do you know if he was upside down or not on his mortgage?
Do you know if he was in a time crunch to sell and basically broke even to get out of the note and not have two mortgages?
Selling a home for 1.2 million doesnt really mean jack if he owed more than selling price.
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