Short Sale in San Jose Downtown

Found on Craigslist. Asking for $585K. Bought for $640,000 on 03/15/2006.

390 Meridian Ave, San Jose, CA 95126 3 beds, 2.5 baths, 1,696 sq ft

$585000 OPEN HOUSE - APPROVED SHORT SALE (san jose downtown)

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OPEN HOUSE: Saturday June 16,2007 1-4 p.m.

This great end unit 2level Townhouse is priced 10k under market value. The lender has approved the short sale and is ready to move forward. $2300 Credit for Closing Cost.

FBs in Modesto

1198 Crescent Dr, Merced, CA 95348 3 beds, 2.5 baths

05/16/2007:	$313,000
06/28/2006:	$435,000

Loss: $122K (28%)

1157 Kay Cir, Turlock, CA 95382 4 beds, 3.0 baths, -- sq ft
Short-sale asking for $342,500
03/14/2006: $490,000
Loss:$148K(30%)

Short Sale in Milpitas

This short-sale is still for sale after 35 days. The specuvestor has lost close to $90K (13%) over 10 months. Nice!!

Price: $589,950
215 PARC PLACE DR
Milpitas, CA 95035
Beds: 3 On Redfin: 35 days
Baths: 3 Year Built: 2006
sqft: 1,280 Lot Size: -
$/Sqft: $461 MLS#: 724739
Status: Active on market
Last Sale: $679,500 (08/31/2006)

Townhomes a steal in Fort Myers

Townhomes a steal in Fort Myers | WINK-TV - Fort Myers, FL | Local & Florida:
"Fort Myers - You're not going to believe what some brand new townhomes went for on the auction block Thursday night in Fort Myers, considering where prices have been. A three bedroom townhome previously priced at $310,000 sold for about $180,000! First time home buyer Brandon Quarterman, a student at Florida Gulf Coast University, was the lucky bidder. He said, 'I'm feeling great. more money in my pocket!'"

Union City

It is getting more encouraging each day as I see more reduced listings on CL. It used to be more on the outskirt of BA but is slowly changing. This is one in Union City asking for $830,000. Decent 8 year old 2,300 sq ft home.

34225 ASPEN LOOP

UNION CITY, CA 94587

Open Sat/Sun 1-4 5 Bedroom PRICE REDUCED Great Location

Yep. You guessed it right. It was purchased on 06/14/2005 for $898,000. So in 2 years, this one has lost $68K.

Stockton is Crashing Hard

Found this short sale property on CL:

10437 Tank House Dr, Stockton, CA 95209 5 beds, 3.0 baths, 3,201 sq ft
Asking Price: $540K

"SELLERS ARE HIGHLY MOTIVATED!!!10437 Tank House Ct., Stockton, CA Great opportunity! 5 bedrooms, 3.5 baths, 3 car garage, cherry wood floors, plush carpets, custom paint, vaulted ceilings, jack & jill shower and jacuzzi tub in master suite, tile in bathrooms, landscaped backyard with water fountains,community pool, all in a gated community. Close to golf course and more!!"

Wanting to know how much the owner might have paid to end up in short sale, I went on Zillow.com and found this other home right next door with the same square footage.

10837 Tank House Dr, Stockton, CA 95209 4 beds, 2.5 baths, 3,160 sq ft

was sold on 09/20/2006 for $750,000. So for less than 9 months, it probably has lost $210K or roughly 30%. A-ha!!