Lacey, Washington Auction Loan


LOAN AMOUNT: $132,000
LOCATION: Lacey, Washington- Thurston County
LOAN DATE: May 2013 to August 2013
LOAN TYPE: Auction Loan, 9 Month Term
DETAILS:  The borrower on this subject property in Lacey is an experienced distressed property investor in Thurston County.  The Veristone borrower purchased the property for $151,000 in May 2013 at the Thurston County foreclosure auction.  The subject property is a 1996 Year-Built home with 3 bedrooms, over 2100 sq ft and an attached two car garage.  The property was the recipient of a basic carpet and paint remodel and listed five weeks after purchase- in early June 2013.  The property sold in 45 days and successfully closed in late August, 2013.

Davis Hsu

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