Ten Years Ago: Looking back at a Foreclosure

Ten years ago today, I wrote House Price Mosaic . This was a discussion of how areas with significant foreclosure activity were seeing larger price declines (as expected). In the post, I mentioned a foreclosure that Jim the Realtor had listed for sale at 260 Securidad St in Oceanside, CA. For fun, I took a look at that house. The house had sold for $318,000 in July 2004, and according to Jim, the owner refinanced a year later for a total of $375,000 in loans. The house sold for $140,000 in June 2008 at foreclosure. Now the house would probably sell for double the foreclosure price.......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/2x049Op
via IFTTT