Auction album: 10 foreclosures on the block this weekend

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For those of you curious about this weekend’s foreclosure auctions in Ontario and Pomona, (come on, you know you’re curious) I put together an album of 10 listings on the website.

The inventory for these big auctions often looks picked-over, and there’s a good reason for that: In many cases, these are homes that have sat on the market for a while, until the banks finally decided to put them up for auction.

The listing above:

31898 Cedar Hill Lane in Lake Elsinore, to be auctioned Saturday at the Fairplex in Pomona.

Agent’s description: Five bedrooms, three baths, 2,902 square feet. ‘Gorgeous home with dramatic floor plan, premium view lot location in the exclusive Canyon Hills Community down the street from Canyon Lake. Impressive interior designed open floor plan with cathedral ceilings, plantation shutters and custom window covers ...’

• Previous sales price (from Zillow.com): $480,000 in July 2005

• Current ‘list price’: $449,500

• Starting bid: $199,000

You make the call: What do you think it will sell for? (You can tell me what you think it’s worth, but that’s not as interesting, frankly).
Photo Credit: Richard Novak.