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What's going on with this $325K Woodland Hills home?


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2010 Feb 2, 11:00am   851 views  0 comments

by LAO   ➕follow (0)   💰tip   ignore  

http://www.redfin.com/CA/Woodland-Hills/4314-Canoga-Ave-91364/home/4217693

It was purchased in May 2006 for a bubble-price of $580K...

Then sold for $361K in Aug 2009...

Now it's a bank-owned REO as of Feb 1st, 2010.. asking price $325K?

So who would buy and sell less than a year later at a 40K loss?

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