On Jan 23rd I wrote that 279 Flourney, a San Francisco REO, looked like a great deal... and pointed out that "it still won't sell" priced at $389,900. Sure enough it was taken off the market and was just relisted 2 days ago for $349,900.
For more on the history of this home read my earlier post here.
Is the deal good enough to jump on now? Well that depends on what you want it for (owner occupy or as an investment) and of course whether the home and the area are for you.
If you are an unrepresented Buyer (meaning you haven't employed a Buyer's Agent - free until you buy in which case the Seller, in this case the Bank, pays my commission) I can get us into the home at anytime since it is on lockbox.
Looking for other homes and opportunities, check out www.SF-MLS-Search.com which allows you to do map-based searches and save properties or searches for email updates.