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One style of the continuing price collapse is your dream house in the Sapphire Point section of Castle Rock that previously sold for $1,195,000 in 2007. This year, the lending company took the house and property back within a foreclosure and resold the home for $500,000. Thus, another $695,000 has magically disappeared from the board. Why the low sale body? The buyer got a government backed loan, quick cash type in the neighborhood . actually usable.