Some weeks back I mentioned that I attended a real estate auction of the house across the street, and it went for $93,000...and then the bank decided to not accept the offer. Now the bank has a realtor listing it for $180,000. My recollection is that it was listed for $187,000 when we looked at in 2005, and I think it sold for close to that price. But now it has significant repairs required, and indeed, the listing emphasizes that it is as-is, and the seller will do no repairs.
Okay, it has a large shop added since that previous sale, but still, this price seems remarkably unrealistic. You would almost think that the bank doesn't realize that the economy has collapsed in the meantime.