Jon & Kate apparently victims of a downturned economy sold their home in Pennsylvania on a Short Sale.
Zillows report shows that 1/3 of all homes sold in February 2010, were sold for less than the orginal loan amount or, Short Sale.
In the Forbes video below, Amy Bohutinsky, Zillow VP of Communications, describes the difficulties that Celebrities are having selling there homes despite their famous or “infamous” (Bernie Madoff) reputations.
It appears that even the most famous of figures (Obama’s) have a percieved value, often less than what was once perceived.
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