June 8, 2006

Even More Instant Equity!

In April we alerted you to the “instant equity” over-promise of 618 Precita Ave. And now a tipster points out that the property was re-listed at a reduced price two weeks ago, and was then reduced yet again last Friday (now listed at $799,000). For those of you who are keeping track, that’s a total of six reductions and a new RealRecentReductions record!

Instant Equity! (a.k.a. Free Money) [SocketSite]
∙ Listing: 618 Precita Avenue (3/1.5) - $799,000 [Home 4 Less]
Yet Another Cut [SocketSite]

First Published: June 8, 2006 12:05 AM

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