Monday, April 20, 2009

Foreclosures: Movin' on up!

by Calculated Risk on 4/20/2009 01:31:00 PM

Zach Fox at the North County Times brings us another half off sale ... this time in a little higher price range. This is a 5,500 sq foot home in Escondido. Zach says the bank ate $815,000.

Escondido Foreclosure Photo by Zach Fox

Click on photo for larger image in new window.

November 2006: $1,650,000

February 2009: $805,000*

*Zach Fox notes this was the price the bank bid at the foreclosure auction. For some time it wasn't worth going to foreclosure auctions because the banks would bid what they were owed - and that would be more than the property was worth. I'll see if I can more details on this house.