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Hell Hath No Fury Like a Short Seller Denied

Joe and Heather thought in the summer of ‘06 that a purchase in Bressi Ranch of Carlsbad was a sure bet. They purchased a 2,476 sqft back loading home on 6257 Cottage Dr for $695,000, or $280/sqft.But fast forward a year and Joe and Heather realized they were in way over their head. So in August of 2007, they listed their home of 1 year for sale. Of course, still a firm believer in the Bressi Promise, they listed the home for $745,000. Joe and Heather didn’t think they were greedy. They just needed 6257 Cottage to cover the 6% commission as well as the few upgrades they made to the home….
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  30 June, 2008| housingblogs | @ 20:35

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