This home's status was "sale pending" as of October 2, 2008. It had been on the market for some time, originally listed for $739,000.00 (on market for 184 days). Then listed again at $580,000.00 for 174 days. Finally, after foreclosure, it was listed on 9/22/08 for $305,200 as a bank owned (REO) property at $305,200.00. The actual sales price is will not be available until escrow closes and it is posted on the MLS.
There are many similar bargains in the Ventura Coastal area. If you are interested in a bank owned or short sale property, now is the time to buy, as the government (both state and local) are seeking to stop as many foreclosures and defaults as possible. This government action should stop the flood of distressed homes on the market and we will begin to see prices rise due to lack of supply and increased demand with more credit available.
You can check out "foreclosures' on my web site at http://www.YourEcoTeam.com
or contact me by phone (805) 248-3491 or email, firstname.lastname@example.org.
Let me know if I can help with any of your real estate needs.