Bristol Palin bought a home in Arizona. She overpaid - we could have sold her house for 81,000 near a college, free and clear title (no foreclosure crap). IF the bank would approve a short sale that is.
Bristol Palin Purchases a Bargain House in Arizona, But Why? | PopEater.com: "Will 2011 be even hotter for Bristol Palin than this year was? Putting her 'Dancing with the Stars' earnings to good use, the young mom recently made a real-estate investment in a sunny climate far from mom Sarah Palin's beloved Alaska.
Mike Smith has confirmed to E! that about a month ago, Bristol purchased his former property in Maricopa, Ariz., approximately 35 miles south of Phoenix -- a region hard hit by the financial recession (ABC's 'Nightline' has called Maricopa the 'poster child of the housing crisis'). Public records show the five-bedroom home was originally built in 2006 and sold for $329,560. It went into foreclosure in January, with the most recent owners snapping it up for $137,200; it was then fixed up and flipped back onto the market for resale."
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