tg – how do you know this a REO and not a short sale?
I ask because I am leery of short sale pricing right now
the 3 bdrm SFR listed at $297K north of Adams in Normal Heights (active thread about 2 wks ago) opened my eyes to the pricing strategy on short sales (ie, list at a ridiculously low price so some wide-eyed buyer will make an offer that can be presented to the bank)
do you think this thing might actually close escrow at this price?
~
aside: I’ve been in southern CA too long – $329K actually seems like an inexpensive house!
