$150/sf!!! This is a huge home at 40% off 2005 purchase price. The listing price alone has been reduced by 22% in the last 2 months. UNBELIEVABLE.
Any Pigg updates on this subdivision?[/quote]
They want out – so they’re dropping the price. The remarks suggest it’s a short sale – so it’s not their money they’re losing when they lower the price.
Friends of mine did a short sale in Escondido… They’d bought at the peak then the husband lost his job earlier this year. They kept lowering the price till they got interest. Not sure if it sold or went to trustee sale. (Nothing was recorded which makes me think it went back to the bank.) They’re now back to renting.