' reserve not met'

Good luck for him. My mom had a house that appraised for 650k in 2005 and she had to let it go last year for 350K.

Wow!

What I can't understand with my neighbor is why is he selling in such bad economy? He told me that he needs a bigger house. I guess if he needs a bigger house that bad then sell his house now put that money towards the bigger house. But he will lose or break even right now (if he sold today). I think he paid between $170-$180 for it in 2005.