From the REO website for B of A: (hat tip waitingtobuy):
Property ID: 30010159
Address: 10731 DELUSION DRIVE, BAKERSFIELD, CA 93311
I think this street name sums up most of the real estate activity in this town for the last 3 years!
This home was purchased on Feb 20, 2004 for $225,503. It was foreclosed on by B of A on October 2, 2007 for $239,0000. It is now listed for sale for $288,000, at 2,025 square feet ($142.22), they are smoking something if they think that is the fair market value. Good luck, you are going to need it.
The original sale of this home occurred on October 8, 1999 for $134,712. I would not be surprised if this was closer to the true FMV.