WSJ has a nice article about it:

http://online.wsj.com/article/SB117910010258001458.html?mod=home_whats_news_us

“A four-bedroom home in Oceanside, Calif., attracted a high bid of $495,000 at the auction, 33% below the sale price recorded in November 2005 for the property. One condo in San Diego sold for $120,000, less than half of its previous value.”