11540 Edgewood Pl in Stoneridge closed for $1.23M?

[SD Realtor]

UCG

Fidelity is a very updated site. As the opening bids get set they are sent to fidelity pretty much real time. Many times the opening bids do not get set until the day of the auction and in some cases not until after the auction begins. Actually those are the best opportunities because many people will hold off researching properties without an opening bid.

So when the trustee gets the opening bid they put it on fidelity pretty darn quick. If fidelity doesnt have it up yet it is mostly because it has not been set yet.

So to anyone reading, you can set up a free account at http://www.fidelityasap.com and get very realtime auction information including postponements and all that fun stuff you see being posted.

[UCGal]

Thanks for the info Adam.

Just curious… If you see an opening bid posted, is it more likely to go to sale (vs being canceled) than one that does not have a published opening bid? My thinking, which could be entirely bogus, is that if they’ve done the leg work to determine and publish an opening bid, they’re less likely to cancel/postpone because they’ve put some more legwork in.

I see a ton that are postponed – and never had an opening bid published… I have yet to see an opening bid published and have it cancelled… (That I remember.) I’ve only been actively watching the trustee sales for a few weeks, though.

[UCGal]

Thanks for the info Adam.

Just curious… If you see an opening bid posted, is it more likely to go to sale (vs being canceled) than one that does not have a published opening bid? My thinking, which could be entirely bogus, is that if they’ve done the leg work to determine and publish an opening bid, they’re less likely to cancel/postpone because they’ve put some more legwork in.

I see a ton that are postponed – and never had an opening bid published… I have yet to see an opening bid published and have it cancelled… (That I remember.) I’ve only been actively watching the trustee sales for a few weeks, though.

[UCGal]

Thanks for the info Adam.

Just curious… If you see an opening bid posted, is it more likely to go to sale (vs being canceled) than one that does not have a published opening bid? My thinking, which could be entirely bogus, is that if they’ve done the leg work to determine and publish an opening bid, they’re less likely to cancel/postpone because they’ve put some more legwork in.

I see a ton that are postponed – and never had an opening bid published… I have yet to see an opening bid published and have it cancelled… (That I remember.) I’ve only been actively watching the trustee sales for a few weeks, though.

[UCGal]

Thanks for the info Adam.

Just curious… If you see an opening bid posted, is it more likely to go to sale (vs being canceled) than one that does not have a published opening bid? My thinking, which could be entirely bogus, is that if they’ve done the leg work to determine and publish an opening bid, they’re less likely to cancel/postpone because they’ve put some more legwork in.

I see a ton that are postponed – and never had an opening bid published… I have yet to see an opening bid published and have it cancelled… (That I remember.) I’ve only been actively watching the trustee sales for a few weeks, though.

[UCGal]

Thanks for the info Adam.

Just curious… If you see an opening bid posted, is it more likely to go to sale (vs being canceled) than one that does not have a published opening bid? My thinking, which could be entirely bogus, is that if they’ve done the leg work to determine and publish an opening bid, they’re less likely to cancel/postpone because they’ve put some more legwork in.

I see a ton that are postponed – and never had an opening bid published… I have yet to see an opening bid published and have it cancelled… (That I remember.) I’ve only been actively watching the trustee sales for a few weeks, though.

[SD Realtor]

Hi UCG –

There is a corollary there. The earlier the opening bids that are published, the more opportunity for people to research, scope the home, etc… Still even the opening bids that are published day of the auction get researched some. Most of the bigger players at the auctions have a decent network. They have a guy placing the bid at the courthouse, he is usually talking realtime to someone at a central office who can also do the title checks. There is usually a another scout driving around to eyeball the property to at least check out the external condition. So the more professional organizations are well prepared to deal with the late opening bids. However alot of the scrappers are not gonna bid because they didnt prepare sufficiently.

As far as postponement, I have never looked statistically at how many opening bids ended up getting postponed. Your theory may carry water but I know for a fact that those with opening bids have gotten postponed before. We have literally been on our way to the auction and have seen postponements of opening bid established homes. In general it “APPEARS” to me that when there is no opening bid, that usually signifies a bk, however what do I know?

Keep doing your research and you will learn valuable experience. I would advise that you try to log your data so you can look back on it because the fidelity window is only 7 days in reverse.

[SD Realtor]

Hi UCG –

There is a corollary there. The earlier the opening bids that are published, the more opportunity for people to research, scope the home, etc… Still even the opening bids that are published day of the auction get researched some. Most of the bigger players at the auctions have a decent network. They have a guy placing the bid at the courthouse, he is usually talking realtime to someone at a central office who can also do the title checks. There is usually a another scout driving around to eyeball the property to at least check out the external condition. So the more professional organizations are well prepared to deal with the late opening bids. However alot of the scrappers are not gonna bid because they didnt prepare sufficiently.

As far as postponement, I have never looked statistically at how many opening bids ended up getting postponed. Your theory may carry water but I know for a fact that those with opening bids have gotten postponed before. We have literally been on our way to the auction and have seen postponements of opening bid established homes. In general it “APPEARS” to me that when there is no opening bid, that usually signifies a bk, however what do I know?

Keep doing your research and you will learn valuable experience. I would advise that you try to log your data so you can look back on it because the fidelity window is only 7 days in reverse.

[SD Realtor]

Hi UCG –

There is a corollary there. The earlier the opening bids that are published, the more opportunity for people to research, scope the home, etc… Still even the opening bids that are published day of the auction get researched some. Most of the bigger players at the auctions have a decent network. They have a guy placing the bid at the courthouse, he is usually talking realtime to someone at a central office who can also do the title checks. There is usually a another scout driving around to eyeball the property to at least check out the external condition. So the more professional organizations are well prepared to deal with the late opening bids. However alot of the scrappers are not gonna bid because they didnt prepare sufficiently.

As far as postponement, I have never looked statistically at how many opening bids ended up getting postponed. Your theory may carry water but I know for a fact that those with opening bids have gotten postponed before. We have literally been on our way to the auction and have seen postponements of opening bid established homes. In general it “APPEARS” to me that when there is no opening bid, that usually signifies a bk, however what do I know?

Keep doing your research and you will learn valuable experience. I would advise that you try to log your data so you can look back on it because the fidelity window is only 7 days in reverse.

[SD Realtor]

Hi UCG –

There is a corollary there. The earlier the opening bids that are published, the more opportunity for people to research, scope the home, etc… Still even the opening bids that are published day of the auction get researched some. Most of the bigger players at the auctions have a decent network. They have a guy placing the bid at the courthouse, he is usually talking realtime to someone at a central office who can also do the title checks. There is usually a another scout driving around to eyeball the property to at least check out the external condition. So the more professional organizations are well prepared to deal with the late opening bids. However alot of the scrappers are not gonna bid because they didnt prepare sufficiently.

As far as postponement, I have never looked statistically at how many opening bids ended up getting postponed. Your theory may carry water but I know for a fact that those with opening bids have gotten postponed before. We have literally been on our way to the auction and have seen postponements of opening bid established homes. In general it “APPEARS” to me that when there is no opening bid, that usually signifies a bk, however what do I know?

Keep doing your research and you will learn valuable experience. I would advise that you try to log your data so you can look back on it because the fidelity window is only 7 days in reverse.

[SD Realtor]

Hi UCG –

There is a corollary there. The earlier the opening bids that are published, the more opportunity for people to research, scope the home, etc… Still even the opening bids that are published day of the auction get researched some. Most of the bigger players at the auctions have a decent network. They have a guy placing the bid at the courthouse, he is usually talking realtime to someone at a central office who can also do the title checks. There is usually a another scout driving around to eyeball the property to at least check out the external condition. So the more professional organizations are well prepared to deal with the late opening bids. However alot of the scrappers are not gonna bid because they didnt prepare sufficiently.

As far as postponement, I have never looked statistically at how many opening bids ended up getting postponed. Your theory may carry water but I know for a fact that those with opening bids have gotten postponed before. We have literally been on our way to the auction and have seen postponements of opening bid established homes. In general it “APPEARS” to me that when there is no opening bid, that usually signifies a bk, however what do I know?

Keep doing your research and you will learn valuable experience. I would advise that you try to log your data so you can look back on it because the fidelity window is only 7 days in reverse.

[UCGal]

Update to 11533 Edgewood Place.

From fidelityasap.com – it went back to the bank today.

Sale Status: Back to Bene 03/01/2010
TS Number: 20080028701710
ASAP Number: 3027289
Notice of Sale Amt: $1,439,883.35
Opening Bid Amt: $1,055,000.00
Sold Amt: $1,055,000.00

[UCGal]

Update to 11533 Edgewood Place.

From fidelityasap.com – it went back to the bank today.

Sale Status: Back to Bene 03/01/2010
TS Number: 20080028701710
ASAP Number: 3027289
Notice of Sale Amt: $1,439,883.35
Opening Bid Amt: $1,055,000.00
Sold Amt: $1,055,000.00

[UCGal]

Update to 11533 Edgewood Place.

From fidelityasap.com – it went back to the bank today.

Sale Status: Back to Bene 03/01/2010
TS Number: 20080028701710
ASAP Number: 3027289
Notice of Sale Amt: $1,439,883.35
Opening Bid Amt: $1,055,000.00
Sold Amt: $1,055,000.00

[UCGal]

Update to 11533 Edgewood Place.

From fidelityasap.com – it went back to the bank today.

Sale Status: Back to Bene 03/01/2010
TS Number: 20080028701710
ASAP Number: 3027289
Notice of Sale Amt: $1,439,883.35
Opening Bid Amt: $1,055,000.00
Sold Amt: $1,055,000.00

[Author]

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