Bay Meadow Village...short sale price reduction

A Hatteras model, Hovnanian-built, 2 story, 3/2.5/2, 2070 sq ft, pool, has just had it's price reduced for the third time in 46 days.

The home was placed on the market 7/31 at $275,000 and was just reduced to $240,000.

The current owners paid $397,500 in July of 2006 and purchased with 100% financing (80/20).