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  • February 22, 2008 at 1:54 PM #11895
    sdrealtor
    Participant

    I know this property on Joy Court has been profiled here a few times and it just closed escrow. It is one of the hideous overbuilt McMansions in San Marcos overlooking a swamp and the back of an industrial park. I cant believe they ever sold them, let alone sold this one for $1.185M! of course it was finaced 100%.

    It just closed for $710,000. Thats a 40% loss plus carrying costs, foreclosure costs, defaulted payments, sales commissions etc. I’d bet that after all was saiodthey got back less than 50 cents on the $.

    February 22, 2008 at 3:34 PM #157839
    farbet
    Participant

    I did comment on this before also. The road behind is just as noisy as the 5.Its uphill and the diesels strain to get up the hill/.I wonder what bank place the new loan,and how the appraiser described it
    Just say REO and they will buy it.

    February 22, 2008 at 3:34 PM #158130
    farbet
    Participant

    I did comment on this before also. The road behind is just as noisy as the 5.Its uphill and the diesels strain to get up the hill/.I wonder what bank place the new loan,and how the appraiser described it
    Just say REO and they will buy it.

    February 22, 2008 at 3:34 PM #158139
    farbet
    Participant

    I did comment on this before also. The road behind is just as noisy as the 5.Its uphill and the diesels strain to get up the hill/.I wonder what bank place the new loan,and how the appraiser described it
    Just say REO and they will buy it.

    February 22, 2008 at 3:34 PM #158147
    farbet
    Participant

    I did comment on this before also. The road behind is just as noisy as the 5.Its uphill and the diesels strain to get up the hill/.I wonder what bank place the new loan,and how the appraiser described it
    Just say REO and they will buy it.

    February 22, 2008 at 3:34 PM #158220
    farbet
    Participant

    I did comment on this before also. The road behind is just as noisy as the 5.Its uphill and the diesels strain to get up the hill/.I wonder what bank place the new loan,and how the appraiser described it
    Just say REO and they will buy it.

    February 22, 2008 at 5:40 PM #157924
    svelte
    Participant

    Personally, given its location (street, swamp, etc) I think $710K is way too high. $1.1M was astounding and couldn’t have made sense even at the peak.

    February 22, 2008 at 5:40 PM #158216
    svelte
    Participant

    Personally, given its location (street, swamp, etc) I think $710K is way too high. $1.1M was astounding and couldn’t have made sense even at the peak.

    February 22, 2008 at 5:40 PM #158223
    svelte
    Participant

    Personally, given its location (street, swamp, etc) I think $710K is way too high. $1.1M was astounding and couldn’t have made sense even at the peak.

    February 22, 2008 at 5:40 PM #158233
    svelte
    Participant

    Personally, given its location (street, swamp, etc) I think $710K is way too high. $1.1M was astounding and couldn’t have made sense even at the peak.

    February 22, 2008 at 5:40 PM #158306
    svelte
    Participant

    Personally, given its location (street, swamp, etc) I think $710K is way too high. $1.1M was astounding and couldn’t have made sense even at the peak.

    February 22, 2008 at 5:50 PM #157935
    sdrealtor
    Participant

    It was actually closer to 1.2M

    February 22, 2008 at 5:50 PM #158226
    sdrealtor
    Participant

    It was actually closer to 1.2M

    February 22, 2008 at 5:50 PM #158234
    sdrealtor
    Participant

    It was actually closer to 1.2M

    February 22, 2008 at 5:50 PM #158245
    sdrealtor
    Participant

    It was actually closer to 1.2M

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