Homes going from short sales being relisted as foreclosures?

Asked by Susan, San Francisco, CA Mon Feb 2, 2009

I saw this house just came back on the market as a foreclosure in Lafayette.…

I believe it was on the market for a couple hundred thousand higher a couple months ago and listed as a short sale. Can someone verify this? And if all these short sales are going to be relisted as a foreclosure...isnt it easier to purchase a foreclosure vs. a short sale? Especially if the foreclosure list price is much lower.

Additionally, this particular house looks like it is in good condition. What is this doing to the values of similarly listed homes (not in foreclosure listed for 1.2-1.4MM) I would assume you could make offers of 925k for these homes as well?

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