Details: 2 bed/1 bath 855 sq ft house, 4,948 sq ft lot, "tastefully remodeled in 2006"
This property is in a very poor location and the rollback is thus deeper than average, but indicative of the direction of the market right now.
Previous Purchase: 4/15/04 - $698,000 (100% financing)
The last listing back in 2009 was a short sale and the price got down to $680,000 but it ended up expiring with the following description: 3 diferent lenders, seller BK last min. of close escrow. Property under investigation.
Finally it is back as a foreclosure
REO Listing History: 11/11/10 - $669,900
This is going to be a big rollback when it eventually sells as I don't think there is any way that it sells for close to the list price.
Thanks to Facts and Feelings for the heads up on this listing.
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