The trustee sale was 12/18/07 for 509k. It went back to the bank essentially.
Next sale was for 380k to an entity called Liquidation Properties Inc and that was in 12/18/08. (Odd coincidence huh?)Note this was a grant deed.
Next sale was for 380k to an entity called REO Properties for 380k on 12/12/09. Note this was also a grant deed.
Then it closed escrow on Feb 27 as it was listed at 485k and went for 525k. It was marketted as an REO.
It could have been alot of things. It could be that this home was part of a bulk sale. It could be that the original lender has an entity to whom they use to dispose of the property.
So yeah your thoughts were correct. I think it went from bank to either another bank or some sort of institutional investors or group of them. I don’t think it ended up in an “individuals hand” until the end.
