Is it us, or have recent reports on California foreclosures seemed a little overly optimistic in regards to luxury housing? 'Tis so, says One Rincon Hill (the blog, not the development). While most buyers are sailing right into their new homes, rumor has it that some have (unsurprisingly) been disqualified for financing. Net result? Several "situations," as the blog suggestively calls them, are now available to interested parties. What's up with the quotation marks there? Poor use of punctuation? (Likely.) Another story? (Maybe.) [One Rincon Hill]
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