Foreclosure on Rheims

This listing popped up last weekend on the MLS as a foreclosure – it’s been on the market for 8 days as such. Before then it was on the market for 721 days to be exact.  Started at $5,500,000 down to $3,895,000 now as a foreclosure the price has gone up again to $4,500,000.  This is some of the manipulation we see by banks to recoup losses in prime real estate areas.  I really don’t blame them but what makes them think they can get more then 2 years ago when the real estate market was better?  Can’t figure that one out, maybe they know a low ball offer is coming and want to buck up for that!  There was a photo on the MLS last week but none today just a blank stare, so I got this off the tax records. Any takers?  Don’t forget to look at open houses this weekend if you can bare the heat – over 80 to preview…check the link to the right and stay cool…
Take a Rheims street view tour below.

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