Foreclosure Price tag: $3.99 Million in Monterra Ranch

Second in our short salute to the high priced foreclosures that no one seems to mention. Is this property just one of several that the sellers owned? Do the foreclosed upon owners not care about the possible tax consequences or maybe they just let their CPA deal with it.

This Monterra Ranch beauty went back to the bank (Monterey County Bank) via foreclosure in 2009. Previously, the bank slapped a $4.65 million price tag on it until they slashed the listing price to $3.99 million

What does $3.99 million get you? A Mediterranean-style home with 4 bedrooms, 6 bathrooms, a gourmet chef’s kitchen, game room, wine cellar, rec room and library.

And did mention that the bank will offer seller financing?

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Filed under Banks, California, Foreclosure

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