Seated next to a living room window during one of his recent open houses, he saw just one couple coming up the steps in the first hour. They stayed less than five minutes, apparently underwhelmed by the $269,000 five-bedroom house with streaked windows and chipped paint. The owner, who owes $470,000 on the house, wants a short sale.
Sixteen similar homes are for sale within a 1-mile radius, and Torres fears that the “worst is yet to come” for Vallejo as more homes are lost to foreclosure.
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