Brian,

How did you find all of these info?

Why take out so much cash out of the house? there are many short sale/foreclosed houses that were bought 20 years ago. I have no sympathy for them. They probably bought vacations, expensive cars, boats. I have a coworker that made around $60,000 but refinanced in 2006 to by a 20′ fishing boat and a big Ford truck to pull it. All together it cost him around $60k for a boat that he uses two times a year. Docking for the boat is $200 a month.

[quote=briansd1][quote=ninaprincess]

http://www.sdlookup.com/MLS-110029301-10634_Kemerton_Rd_San_Diego_CA_92126
[/quote]

Interesting the buyer bought through Zip Realty.

The buyer found and bought this good deal throught a discount broker. They paid $10,000 under the list price. Who said you need a full service broker?

Also interesting to note that the previous owners bought the house on 09/10/1992 for $212,958 then refied/heloc and lost the house to foreclosure.

So much for paying-off the mortgage. Only if cashing-out in a refi were not so easy, these people might have been saved from themselves.[/quote]