The foreclosure described in my Oct 26 2008 post:  has now closed escrow.  Sold Price is $710K.  The new owner is an experienced architect/builder planning a major renovation with the goal of selling the transformed home in a year or so. 

The ONLY other foreclosed home in Piedmont, a two Bedroom/one Bath priced at 769K, accepted an offer on Dec 8, 2008 is currently Pending.