This is in Tampico. 11827 was purchased last year and closed escrow 7/6/06.
It was purchased for 685k and of course with 100% financing. There is a trustee sale that was originally scheduled for 9/11/07. It was delayed or maybe cured (although not likely). My guess is that they “may” have a short sale offer and it is under review and that is how they were able to delay the trustee sale.
At any rate look for more declines in this neighborhood. There are no MR here but the ownership is not fee simple, it is condominium ownership and the HOA is 117/month.
