Replies to post #258493 on $Stock*Shop*Charts*News*Option$

[Stock Lobster]

CNN: Million dollar foreclosures

Foreclosures can be bargains for budget-minded house hunters, even when they're in the market for seven-figure homes. These homes are deeply discounted.

1 of 7 Falls Church, Va. Price: $1,044,905
Estimated value:* $1,044,905
Last sale price: $1,182,786 (December, 2007)
Bedrooms: 5
Baths: 6
Square feet: 3,704


Description: Cherrywood cabinets? Check. Granite countertops? Check. Viking range? Check. Stainless steel appliances? Check. The gourmet cook's kitchen in this suburban D.C. chalet has it all.

The house also boasts a secluded master suite, a coffered-ceiling family room and formal dining room. There's plenty of entertainment space, with a separate family room for the kids.

Falls Church is a tony, within the Beltway town, very convenient to government offices. According to Trulia, the real estate search engine that provides information on houses, neighborhoods and trends, list prices of bank-repossessed properties sell for an average of $289,900, 36% less than non-foreclosed listings in the town.

For further information: Trulia
By Les Christie, CNNMoney.com staff writer

http://money.cnn.com/galleries/2008/real_estate/0802/gallery.million_dollar_foreclosures/index.html

[Major_Bankz]

CFC next Enron/WCOM, at least 50% haircut tomorrow.