This property scored fairly low on the fraud/risk meter. It got a 2 (0 is low risk, 25 is very high risk) which indicates that there are some “flags”. We analyzed 35 nearby sales that have occured during the last 14 months. Of these, 8 (approx. 23%) of these properties have been in foreclosure at one time or another during the last three years. This neighborhood (using the same 35 properties) has experienced has experienced 69% sales price appreciation during the last three years. This begs the question: why would someone allow their property to go into foreclsosure if the price values have gone up that high and they can seemingly sell the property even at a lower price? The average price is $101,000 and the median is $103,000 so it would depend on what the sales price of this property is to call it a “good buy”. Also, the property is located fairly close to a major freeway which would affect current and future value.

Bottom line - It doesn’t look real bad in terms of risk but the market does seem to be volatile and I would look closer at the market metrics before making a decision as a new buyer. Hope this is helpful.

Here is an address: 960 Lexington Ave, Indianapolis, IN 46203.

I have an offer related to over-inflated values because of fraud - post an address and I will provide an analysis with “red flags” if they exist. There are two types of mortgage/real estate fraud - fraud for housing and fraud for profit. Fraud for housing means there is a misrepresentation (employment, income) so the person can get financing to buy the property.

Fraud for profit means the person(s) are driven purely by profit motives and have no interest in the property for themselves. You can avoid this but you need help in identifying it. Don’t buy a property with an over-inflated value. Provide an address and I’ll prove it.

Click on my name above and read “We Call It The Screamer Factor”