This is better example:
215 East WILHELMINA Street Anaheim, CA 92805
Sold for 162,000 in 2001, foreclosed in 2013 for 423,000 which added 0 value to the house.
Listed for 280,000.
In other words, the "owner" took bunch of loans on a small, cheap house and the banks want the money from the new buyer since the owner is not giving any, regardless the fact the the house is worse off, substantially, than it was in 2001.
Poorest areas have the highest price growth in percentage.. The areas are not getting any better.