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[–]xpat 7 insightful - 2 fun7 insightful - 1 fun8 insightful - 2 fun -  (1 child)

In such cases there is often inside knowledge so they have someone close to them know of the bargain so their relatives end up with nice houses for cheap or they might be connected to criminal circuits

[–]Zapped 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Yes. I saw this first-hand recently. A 120-year-old, $150K house in a historic neighborhood went for $60K without anyone but the realtor and buyer knowing about it. The buyer was close friends with the realtor. The seller was a non-profit organization that is selling a lot of property in the neighborhood so they are trusting the realtor as to what she can get.