Price Reductions and Equity Dipping - 5789 SW Salmon St.

Bearlee sent this in:

How's this for price reductions and equity dipping: MLS#8009198

http://www.rmls.com/RC2/engine/reportGenerator.asp

I drive by this one on my way to work each day. Initial listing price $450K, reduced to $399K, and now listed at $300K.

Purchased 08-01-1989 for $35,950.

And now it's a short sale.

The property is located at 5789 SW Salmon St. It's listed at 1476 sq ft, but PortlandMaps only shows 720, so I can assume the basement was finished without a permit. No photos of it either.

I wonder where all the money went?