House flipping back in vogue in North County San Diego

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Good times are here again in residential property. House flippers are back and have now moved to foreclosure auctions.  Below is a house that was bought in foreclosure at $945,000 in November and is now on the market for $1.4 to 1.5 million. 4100 square feet and swimming pool. Fairbanks Ranch. Cheapest house in the area too. What’s not to like?

Jim the Realtor does mention some serious imperfections though. Take a look.

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See also House Flipping Makes a Comeback from the Wall Street Journal.

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Update: and if you missed the courthouse action, this video from last month shows how the flippers get their properties.

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