Jim TV Magnolia Estates, Carlsbad

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Uploaded by on Mar 25, 2010

Barratt American had built and sold most of the homes in Magnolia Estates, but according to their CEO, the Bank of America cut off their credit line. The remaining parcels (6 houses and five lots) were foreclosed in December, 2008, put up for sale a few months later, and escrow with the new owner just closed.

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