I didn’t stay for the whole thing so I don’t know which property sold for 50% less than the stated “Previously valued to” #. However, there was one on 13893 Pinkard Way #85, El Cajon, CA 92021. It sold for 41.9% less than the previously valued #. The starting bid was $179k, previously valued to $499k, sold for $290k. The reason I think it sold for 42% “discount” is because “this property may be occupied. Please call for current occupancy status. Do not disturb tenant” clause.
I don’t know about all the properties but the one i was interested in “11119 Morning Creek South, SD, CA 92128”, the previously owner owe more than $660k on it. The lender tried to sell it for $690k but was unsuccessful. That also end up being the “Previously valued to” #. This property sold for $585k, which is well above market value considering the condition. I don’t know if it was sold to a buyer or just the lender guy bidding the reserve price. We’ll soon find out.
