Sunday, March 23, 2008


KC Star:

Real estate agent Cindy Tomasic was taken aback by her first foreclosure listing in tony Loch Lloyd.


A review by The Kansas City Star of real estate listings in Jackson, Johnson, Clay, Platte and Cass counties showed at least 50 homes priced $500,000 or more are in foreclosure or are subject to bank-approved sales to avoid one.


As a result, real estate agents point to some bargain-basement prices on homes boasting 4,000 square feet or more. Examples abound:

•A $1.5 million Blue Springs home with staircases to east and west wings, a dance floor and five garages listed for $1.05 million.

•A $1.4 million Independence home with two decks, a poolside wet bar, hot tub and waterfall offered for less than $1 million.

•A $1.3 million, 6,500-plus square-foot Hallbrook home with granite, marble and hardwood floors sold for $849,000.

•A $1.25 million Loch Lloyd home with a wine cellar and an imported English pub bar sold in foreclosure for $775,000.