[quote=Scarlett]There was some traffic at the open house. Supposedly they had a few offer that haven’t been accepted yet, if you believe the LA.
I don’t think I’ll end up making an offer on it, but I have not decided yet. I am in no hurry to buy and I know I can find other similar or better properties in PQ for the same price if I am patient. The location is a tad busy, too many updates missing (that other properties have – this was a rental),no AC, the bedrooms were all small.
Another curious thing – if it went thru foreclosure, presumably in November – how come it’s on the market for 8 months, without getting relisted? (presumably with the same agent).
BG that info you dug out was supplied also by my ex-agent in REalist report.
But Trust is not the same as bank, is it? The open house agent said bank owned.[/quote]
The previous owners, the “Quintanas” borrowed (not sure if a 1st, 2nd or 3rd TD) from a private lender which, in this case, was the WGJ Trust. They probably went thru a mortgage broker to do it because they couldn’t qualify for a “mainstream” mortgage with a direct lender.
Maybe the WGJ Trust collected rent from the Quintana’s tenants for a time after taking title and/or gave them 60 days to vacate. I believe there is new law affecting month-to-month tenants and lessees occupying property in which a trustee’s deed was recently conveyed or in which a foreclosing bene recently took back a property in a trustee’s sale.
As for the agent, why couldn’t the bene who took over the property just use the same agent and keep the listing active? Why not? I see nothing out of the ordinary here.
