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1 comment:
Here is a plunge (price not sales) on tract home McMansion foreclosure. This baby sports a rather modest 3600 sq ft.
MLS: M1412698 as of 15 hours ago asking $325K
Purchased: 8/2006 for $787K
http://www.bcpa.net/RecInfo.asp?URL_Folio=514031020590
This is a $462K (59%) loss.
How does a forclosure being unloaded at $325K affect the adjacent.
Purchased: 8/2006 for $724K
Purchased: 8/2006 for $778K
Oh my my!!!!!
2500 sq ft Max.
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