Monday, November 15, 2010

"Sleeper" House sold at foreclosure auction

Thanks to Tom Roberts (until recently of Wake Forest) for the following:

Property teachers who are movie buffs may want to use the sale of Woody Allen’s “Sleepers” house as an example of the decline in real estate prices, from $3.4 million in 2006 to $1.5 million at yesterday’s sale, and the workings of statutory redemption.  The article can be found here.

Tanya Marsh

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