Almost two years ago to the month, we were given an assignment by Bank of the Ozarks to sell five properties for them in Lucas, three homes and two lots. We just closed on the last one today, 932 Bristol Park. It was listed at $715,000.
All five of these properties were taken back in foreclosure from a local builder who went under. The homes were especially difficult to sell because they were in varying stages of completion and we were competing with new construction homes in perfect condition.
We had to test the market at different price points until we found the buyers for each one, but we finally got it done. It's been a long road and we're appreciative the Bank stuck with us for so long.