Deep Creek short sale property sells for nearly 15% below list price ..

see for yourself right here. One less property for sale in the bloated local inventory which stood at 708 properties as of the end of November.

I've profiled this property in a previous Deek Creek market update posting and suggested that potential buyers who were genuinely looking to purchase a property at Deep Creek Lake at a bargain price take a serious look at these properties being listed by distressed sellers. In this case it looks like those sellers could have been you and me, the US taxpayers, since IndyMac originally issued this bad loan and was later taken over by the FDIC.

Don't forget to check back to Dan's Deep Creek Blog for future updates.