The bank foreclosure on Blue Bay (an Aspen 5) closed on 12/11/09
The bank priced the home at $285,000, however the final selling price was $223,000 with the bank accepting a cash deal. The home was on the market for a total of 48 days.
The prior owner paid $450,000 for the home in December of 2006 and it appears that the purchase was 100% financing (80/20).