Abode Ph
The most expensive listing in America sold at Foreclosure Auction
The most expensive listing in the United States, a 157-acre plot of land in Beverly Hills listed for $1 billion, actually sold for a mere fraction of that price ($100,000) at a foreclosure auction.
The place had accumulated over $200,000 in debt and the original lender paid to take it on in the purchase. Talk about having inflated expectations for what a place is worth.
Source: https://www.inman.com/
Visit our website: www.abode.ph
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