Lately eBay, once used heavily for Bflo "flipping", has now changed roles in Bflo into a vehicle for "dumping", primarily by 'flippees' who are stuck.
The five houses below on eBay are owned by Todd Medwed, who bought 14 houses on 11/9/06 from "investors" Kris & Herlinda Ryan.
The five have all been eBay-DUMPED within the past 10 days at losses totalling about $46,500.
Medwed had earlier 'eBay-dumped' 1127 E Delavan for $8.6K, 8/9/07 to new-in-Bflo James Khani. Medwed paid the Ryans $20K on 11/9/06. That dump-sale lost Medwed about $11,500.
Now time will tell what Medwed will do with his other eight purchases from the Ryans ranging $13K to $30K.
He "dumps" on eBay as "Lovebanda". Watch for more.
NOTE: There is merely one "flip" on eBay currently. It is 229 Strauss, (1 fam, Assessed Val $14.2K), owners Ramon Garcia, Mark Young, who paid longtime owner Roosevelt Adams $7K, 9/6/07.(also 231 Strauss, nextdoor Vacant Lot $100)COPY:
20 Boehm (pd 13K, 11/9/06), SOLD 5/12/08, $8.1K
15 Winchester (pd 20K, 11/9/06): SOLD 5/12/08, $10K
21 Durham (pd $20K, 11/9/06): SOLD: $9.1K
94 Warren (paid $16K) SOLD 5/5/08, $3.9K
31 Warren (paid $11K) sold 5/5/08, $2550