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Regular Visitor
Posts: 4
Registered: ‎05-01-2010

lynnwood house purchased by lpp mortgage


I've been watching a house in Lynnwood that started out as a short sale. It was listed and relisted as a short sale at 175k, and finally auctioned off in January to LPP Mortgage out of Plano, TX, aka MCG, associated with Beal Financial, for 152k. I'm curious about why a mortgage company out of TX would buy a house in Lynnwood. I've been watching to see if the house is going to be relisted, and it hasn't been so far, but people seem to have been viewing the house. Does anybody have any ideas about what's going on?