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?


Leave a comment

Filed under Banks, California, Foreclosure

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s