IPO,
Using your index, what year would this rollback be? Sold for $1.4M in 2006, went back to the bank for $1.06M in 4/08. People who went into escrow on Ojeda (list $1.248) which is the same sq. footage and one block over must be pissed. They are still in the contingency period so they may get lucky. I assume that this house will sell for more than list but in any case it will do some damage to the neighboorhood.
Zielan
Using your index, what year would this rollback be? Sold for $1.4M in 2006, went back to the bank for $1.06M in 4/08. People who went into escrow on Ojeda (list $1.248) which is the same sq. footage and one block over must be pissed. They are still in the contingency period so they may get lucky. I assume that this house will sell for more than list but in any case it will do some damage to the neighboorhood.
Zielan