sdr –
I did not try to represent it as representative of the broader market. It was one example of high end distress in a home that based on sales price – should not have been in distress. If it can happen with one house, it can happen with more than one. But it does not represent the entire market.

You hold up the fabulous deal that you just got your client and admit it’s not a typical deal. Why do you object if someone brings up a different side of the coin?

There are high end sellers who are over extended. Just as there are high end sellers who can hold out for their wishing prices till they die.

Since this thread had touched upon both 92109 homes and high end equity homes not being in distress, it seemed like a valid data point. It’s not every day that you see a forclosure of that $ value.
(btw – that supports your theory that the higher end is holding on better than the lower end.)