Today’s FDotD is intriguing. The lot is almost a half acre, which is good sized for Shasta Lake City. The house is diminutive (read: cute) as an 830 sq ft 2/1, but looks like it could be cute(r) with some work. Looks like a buy and hold investment to us. Maybe a starter home if you have a rich uncle who can pay cash for you. According to records, it belongs to Financial Freedom Acquisition, which was the Reverse Mortgage arm of IndyMac. Longtime readers know that fabled entity was seized by the federal government in the 4th largest bank failure in US history, and what remains was sold to OneWest Bank. All of which has no bearing on the fitness of this SLC home for sale now. Just more wreckage from the housing bubble. Representing the bank interests in this sale is foreclosure listing agent Fantasy Pfanenstiel of Shasta Lake Realty. She writes:

“Cute little home on nice sized lot within walking distance to high school and elementary school. Shower enclosure missing and some fixing needed…but it’ll be worth it. $75 doc fee paid by buyer at close. All information taken from Parcel Quest. Buyer to verify.”

Cute, cute cute. A favorite real estate descriptor if ever there was one. It means small. Small it is. Small is good in an era of limits. Small and cute. Small like your budget. Cute and efficient. Call us up and we get you inside for a small look.