FORECLOSURE REDUCED IN MILLER'S LANDING AT PAYNTER'S MILL

Wow! What a deal.  The Bank has reduced the price again on 1106 Miller's Landing (a Sawtooth Oak model).  A two bedroom second floor unit with a one car garage has been reduced to $159,900 which is the lowest price I've seen in the community.  On top of that, it is a Fannie Mae property and there are no transfer taxes (save another 1.5%) and the Bank is offering up to 3% closing cost help.  That calculates to a net price of under $153,000 without negotiating the sale price.  The last one of these to sell was a Builder unit (new) back in August of 2011 for $156,720 net.  The two prior to that sold in 2010 for around $190,000.