Here's a bank owned unit that is fully foreclosed and listed for less than its value in June of 2004.
As usual the loss calcuation does not include carrying costs, since this unit is vacant the loss is much more than the value below.
It's interesting to note that this condo was priced at $474,000 by Bosa, the developer in June 2001. Anyone have a guess as to what this unit will be worth in August 2007?
More details about this and thousands of other properties availabe at Foreclosure.com
Resale Price: $805,000
Loss@6% Sales Expenses: $63,300
Purchase Date: 06/25/2004
Holding Period: 26 months and counting...
Square Feet: 1230
Purchase Details: N/A