by Calculated Risk on 6/16/2009 04:54:00 PM

Jim takes us on a tour of a few REOs not yet on the market in the north San Diego County Coastal region. Jim says he couldn't find many foreclosed properties that aren't listed.

Some of these homeowners really dipped into the home ATM. Amazing. The home on 3 acres in Rancho Santa Fe isn't much, but that is a very nice area (and that is why the price is so high).