The saga continues, it is listed, it doesn't sell; what happens next?

Do you remember my entry regarding this well loved Glendale home lost in foreclosure?  This homeowner had spent a lot of money on this home and then lost it. 

The home was recently taken back by the bank (foreclosure), listed at $605,000 and sold (over asking price) at $619,900. It's easy to claim that many of these homeowners were irresponsible, but there is always a story behind the story, and there are a lot of people paying a high price for not understanding what they were getting into.


 

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