Back under contract...3rd time's a charm

A Taos short sale on C Durham that has been on the market for 412 days has gone under contract once again.

Back in June of 2007, this home was placed on the market for $590,000...it was then rented out for a year and then went back on the market at $419,000. Two weeks ago, after multiple price reductions, the home was reduced to $325,000.

This home is owned by the original owners who purchased it in August of 2001 for $252,300.