The folks in Bressi Ranch experienced a quirky event yesterday – not one but two REOs, both the same 3,815sf model and across the street from each other, came on the market on the same day – for almost the identical price!

Here is the history of these two:

6344 Huntington: Sold for $958,500 - May 2005, resold for $1,300,000 June 2007

6363 Huntington: Sold for $1,099,500 – April 2005, refinanced $1,125,000 December 2006

The resale of 6344 Huntington enabled 6363 to get their refi done, and probably a few dozen more in the neigborhood.  The fraud by what’s-her-name had a long reach, and there will be others caught in the cleansing over the rest of 2009, if not longer.