Recent Whitney Lake Home Sales
There were two recent Feb’09 filings of home sales by bankrupt home builder, Whitney Lake:
PROPERTY TO BE SOLD: Unit 174, 1719 Brittlebrush Lane, Charleston, SC
PRICE: $188,760
PROPERTY TO BE SOLD: Unit 181, 1735 Brittlebrush Lane, Charleston, SC
PRICE: $195,000
The home builder also covered $4,000 of the Buyer’s closing costs and pre-paid items.
These are sales made free and clear of liens and other encumbrances, by court order. Upon closing, the home builder can use the excess of net sales proceeds over the release price. As we discussed in earlier posts, it is important to know the release price when bargaining for homes sold by distressed home builders.
Email adria@homebuilder-bankruptcy.com for a copy of Whitney Lake’s release prices.
