Heres what it looks like on face value. There have been 5 sales in the last 6 months on that street. Four of them between $1.02 and 1.07M. This one was in default and an auction was scheduled. Original owner paid almost $1.3M and put down almost $400K. Loan amount was only about 900K. The lenders foreclose very quickly when there is equity or it is only slightly underwater if at all like this one. They bhad to get it sold and didnt have time to waste. They took an offer that would cover the loan and selling costs rather than getting foreclosed upon. At least that is what the data suggests
