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  • June 19, 2008 at 3:20 PM #225704
    Ex-SD
    Participant

    I meant the prior sales information on the left side of the page link that I posted did not confirm that the house had been sold since 1993. So, my point was, if that was accurate, then the description that he listed about being bought out of foreclosure is not correct.

    June 19, 2008 at 9:58 PM #225815
    SD Realtor
    Participant

    ExSD it is an interesting case. True that the last recorded sale was in 1993 for 195k. I noted that there were a couple title transfers back in 2007 to and from a trust to an individual and back again. There was a 175k loan from World Savings in 03 and another loan of 185k from a private party lender in May of 07. Then the trustee sale in on 3/08 for only 210k. To me it seems that perhaps the private party who lent the money in 07 foreclosed and sold it at auction in the spring for 210k? Not sure… So technically it was purchased out of foreclosure in the Spring of 08 for 210k. However this could be a case of a junior lien foreclosing so the new owner bought it at auction and is not having to pay the senior liens if there are any which I assume to be so… just guessing.

    June 19, 2008 at 9:58 PM #225830
    SD Realtor
    Participant

    ExSD it is an interesting case. True that the last recorded sale was in 1993 for 195k. I noted that there were a couple title transfers back in 2007 to and from a trust to an individual and back again. There was a 175k loan from World Savings in 03 and another loan of 185k from a private party lender in May of 07. Then the trustee sale in on 3/08 for only 210k. To me it seems that perhaps the private party who lent the money in 07 foreclosed and sold it at auction in the spring for 210k? Not sure… So technically it was purchased out of foreclosure in the Spring of 08 for 210k. However this could be a case of a junior lien foreclosing so the new owner bought it at auction and is not having to pay the senior liens if there are any which I assume to be so… just guessing.

    June 19, 2008 at 9:58 PM #225787
    SD Realtor
    Participant

    ExSD it is an interesting case. True that the last recorded sale was in 1993 for 195k. I noted that there were a couple title transfers back in 2007 to and from a trust to an individual and back again. There was a 175k loan from World Savings in 03 and another loan of 185k from a private party lender in May of 07. Then the trustee sale in on 3/08 for only 210k. To me it seems that perhaps the private party who lent the money in 07 foreclosed and sold it at auction in the spring for 210k? Not sure… So technically it was purchased out of foreclosure in the Spring of 08 for 210k. However this could be a case of a junior lien foreclosing so the new owner bought it at auction and is not having to pay the senior liens if there are any which I assume to be so… just guessing.

    June 19, 2008 at 9:58 PM #225771
    SD Realtor
    Participant

    ExSD it is an interesting case. True that the last recorded sale was in 1993 for 195k. I noted that there were a couple title transfers back in 2007 to and from a trust to an individual and back again. There was a 175k loan from World Savings in 03 and another loan of 185k from a private party lender in May of 07. Then the trustee sale in on 3/08 for only 210k. To me it seems that perhaps the private party who lent the money in 07 foreclosed and sold it at auction in the spring for 210k? Not sure… So technically it was purchased out of foreclosure in the Spring of 08 for 210k. However this could be a case of a junior lien foreclosing so the new owner bought it at auction and is not having to pay the senior liens if there are any which I assume to be so… just guessing.

    June 19, 2008 at 9:58 PM #225663
    SD Realtor
    Participant

    ExSD it is an interesting case. True that the last recorded sale was in 1993 for 195k. I noted that there were a couple title transfers back in 2007 to and from a trust to an individual and back again. There was a 175k loan from World Savings in 03 and another loan of 185k from a private party lender in May of 07. Then the trustee sale in on 3/08 for only 210k. To me it seems that perhaps the private party who lent the money in 07 foreclosed and sold it at auction in the spring for 210k? Not sure… So technically it was purchased out of foreclosure in the Spring of 08 for 210k. However this could be a case of a junior lien foreclosing so the new owner bought it at auction and is not having to pay the senior liens if there are any which I assume to be so… just guessing.

    June 20, 2008 at 1:14 PM #225898
    CricketOnTheHearth
    Participant

    The first thing I noticed after doing a Mapquest was that this house was right on the edge of the Cedar fire of 2003 where it scraped Poway. A number of houses in this very neighborhood were burned down; I don’t know if this one was.

    June 20, 2008 at 1:14 PM #226004
    CricketOnTheHearth
    Participant

    The first thing I noticed after doing a Mapquest was that this house was right on the edge of the Cedar fire of 2003 where it scraped Poway. A number of houses in this very neighborhood were burned down; I don’t know if this one was.

    June 20, 2008 at 1:14 PM #226021
    CricketOnTheHearth
    Participant

    The first thing I noticed after doing a Mapquest was that this house was right on the edge of the Cedar fire of 2003 where it scraped Poway. A number of houses in this very neighborhood were burned down; I don’t know if this one was.

    June 20, 2008 at 1:14 PM #226052
    CricketOnTheHearth
    Participant

    The first thing I noticed after doing a Mapquest was that this house was right on the edge of the Cedar fire of 2003 where it scraped Poway. A number of houses in this very neighborhood were burned down; I don’t know if this one was.

    June 20, 2008 at 1:14 PM #226067
    CricketOnTheHearth
    Participant

    The first thing I noticed after doing a Mapquest was that this house was right on the edge of the Cedar fire of 2003 where it scraped Poway. A number of houses in this very neighborhood were burned down; I don’t know if this one was.

    January 10, 2009 at 8:37 AM #326697
    outtamojo
    Participant

    According to this, it was destroyed. There is an empty lot next to it, wonder if that is for sale.
    Looks like nice home tho, in nice neighborhood-only thing is, burn me once shame on you…

    http://www.nctimes.com/articles/2003/11/01/news/inland/poway/10_31_0323_15_22.txt

    January 10, 2009 at 8:37 AM #327035
    outtamojo
    Participant

    According to this, it was destroyed. There is an empty lot next to it, wonder if that is for sale.
    Looks like nice home tho, in nice neighborhood-only thing is, burn me once shame on you…

    http://www.nctimes.com/articles/2003/11/01/news/inland/poway/10_31_0323_15_22.txt

    January 10, 2009 at 8:37 AM #327106
    outtamojo
    Participant

    According to this, it was destroyed. There is an empty lot next to it, wonder if that is for sale.
    Looks like nice home tho, in nice neighborhood-only thing is, burn me once shame on you…

    http://www.nctimes.com/articles/2003/11/01/news/inland/poway/10_31_0323_15_22.txt

    January 10, 2009 at 8:37 AM #327125
    outtamojo
    Participant

    According to this, it was destroyed. There is an empty lot next to it, wonder if that is for sale.
    Looks like nice home tho, in nice neighborhood-only thing is, burn me once shame on you…

    http://www.nctimes.com/articles/2003/11/01/news/inland/poway/10_31_0323_15_22.txt

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