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Message: OT: Just saw a patient

OT: Just saw a patient

posted on Oct 12, 2009 11:50AM

who told me she is dumping 2 pieces of investment property in northern Michigan that she paid about $70K for 5 years ago....today's sales price = $5,000 and she has to come up with $6K in closing costs.

Today the market is the only game in town.

I feel bad for her but she is no dummy, a banking exec, that made what looked like a good investment that just went sour...no fault of her own.

Nice to have EDIG in play in this market.

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