Tim Geithner May Take Loss on Home Sale (click here)
March 16, 2009 01:19 PM ET
...Geithner, now living in Washington, is trying to sell his five-bedroom Tudor home in the New York City suburbs, and it looks like he'll be taking a loss even if he gets his asking price.
The house, which has a Larchmont mailing address but is just outside that village in the town of Mamaroneck, is listed at $1.635 million. Records show Geithner and his wife, Carole Sonnenfeld Geithner, paid a little less than that when they bought it in 2004 _ $1.602 million.
After their agent's fee and land transfer taxes, the Geithners will probably clear less than what they paid, said real estate agent Debbie Meiliken of Coldwell Banker in Scarsdale, who is among the agents showing the house to potential buyer…
