Here’s a youtuve tour of a few properties of interest – the lower-priced market seems firm, and the higher you go, the squishier it gets. The REO that backs to Village Park in Encinitas did hit the MLS today, here are the remarks below (I like the idea of the electronic bidding process):
HUD Home Sold AS-IS. Owner-occupant exclusive bidding from 07/09/2010 until 07/18/2010 @ 23:59:59 pm PST. Investor & open bidding begins 07/19/2010. Sold by electronic bidding only. Brokers use HUD NAID # to bid. Bids accepted daily after initial owner-occupant exclusive bidding period. PEMCO makes no warranty as to the existence of mold and is not liable for potential harmful effects. This property is described as a detached PUD. FHA case # is 044-433073. Buyer to verify all.