Remember the guy who bought the new-home foreclosure in Leucadia for $810,000 in January, 2010?

He found out later that the house he bought was tied up with the Barratt bankruptcy, due to the low-income housing required by the City of Encinitas.  The City wouldn’t issue any notices of competion on the remaining lots/houses without an answer for the low-income housing.  Enter Shea Homes, who paid $3,975,000 for the the corner we call Tyvek Estates, and then made a deal on the low-income housing lot.

Now things are moving again – for everyone:

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, which began in September, 2005. Stick around!

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