Graham, Washington, Auction Loan


LOAN AMOUNT: $156,000
LOAN DATE:  January 2013 to March 2013
LOCATION: Graham, Pierce County Residential
TYPE: Auction Loan, 6 Month Term
DETAILS: Liberty Capital has changed its name to Veristone Capital.  Veristone is still providing the same quality and quantity of specialty financing to real estate buyers in King, Pierce and Snohomish County.  A recent Pierce County deal was purchased by an experienced auction investor affiliated with John L. Scott foreclosure services.  This investor purchased the subject property in early January 2013 for $189,600 and listed the property for sale, a month later, in February 2013.  The property sold in 2 days for full price and successfully closed on March 13th, 2013.  The investor was in-and-out of the deal in a little over two months.  The subject property is a 2300 square foot rambler, built in 2007, situated on over 2 acres in Graham, Washington.

Davis Hsu

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