Was there gold at the San Jose Foreclosure Auction?

The Foreclosure auction is starting with 1600 people showing up to bid on 190 foreclosures in San Jose.

The San Francisco Chronicle takes us through the nail biting, check crunching moments of brief  suspense as some real estate market wheels are beginning to turn…

This was before the "stimulus bill" takes effect, I might add…

"Brief" describes it because is only lasted a few moments.

Were there winners?

Maybe. 

Katherine Pensa probably didn't do too badly with $167,500 for a $412,000 townhouse.

Read Foreclosure Auction in San Jose

Don't forget to read the readers' comments at the end.

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