more eastvale homes entering foreclosure process

This morning brings 3 more homes entering the foreclosure process in the 92880.

1) This one was bought near the height of the bubble for $575,000. Its listed for $423,000 so there goes >150K in equity.
http://www.realtytrac.com/PropertyDetails/PropertyDetails.aspx?a=b&propId=18078649&Page=DetailNOD&CountyID=CARI&DataSel=NOD&accnt=154833

http://www.trulia.com/homes/California/Corona/sold/24514031-6141-Gold-Spirit-St-Corona-CA-92880

2) This one was bought for $650,000 in 2005 and is now listed for $498,000. Another >150K equity gone.

http://www.realtytrac.com/PropertyDetails/PropertyDetails.aspx?a=b&propId=18078216&Page=DetailNOD&CountyID=CARI&DataSel=NOD&accnt=154833

http://www.trulia.com/homes/California/Corona/sold/501566-13320-Clear-Canyon-Ct-Corona-CA-92880

3) This one was bought for $635,000 in 2006 and is currently listed at $694,999. The seller is dreamin’ on this one. The amt owed is $523,000 and houses of this size have recently been selling in the low 400s.

http://www.realtytrac.com/PropertyDetails/PropertyDetails.aspx?a=b&propId=18078643&Page=DetailNOD&CountyID=CARI&DataSel=NOD&accnt=154833

http://www.trulia.com/property/1049190651-6948-Altair-Ct-Corona-CA-92880

Prices are going to have to come down considerably to have a realistic shot at moving any of these properties.

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~ by razor on May 6, 2008.

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