That’s happening a lot in Escondido. My parents let go of our house just down the street from this one in 1999 for ~200k. During the boom with 2 sales it shot up through 460k then foreclosed on the last buyer. They gutted it, let the pool go to crap and blasted out windows and walls probably in anger. Now the bank is trying to sell it at mid 200s. I wouldn’t pay 50k for it with the amount of work needed but the mentality of the market hasn’t gone that far… yet.
