4S-Anyone know the scoop-Why flip for 30K?

[stansd]

Just came across this listing in 4S. Sold for 481,500 on 1/16/08, now listed for $515,000.

I just can’t imagine why someone would do this, particularly when the difference between the last price and he current listing is only 30K…unless they think it will sell for over asking in this market.

http://www.zillow.com/HomeDetails.htm?zprop=60552899
MLS: 81007431 couldn’t track it down on redfin or trulia

http://www.beautifulcaliforniahomes.com/details.html?id=81007431&uid=81007431&sess_sid=1109481083&sqft=1800&beds=3&baths=2&price_range=600000&type=res&area=rancho_bernardo&bank=

[NotCranky]

$481,500 is the trustee sale price . It went back to the bank. The new price is what the bank is selling it for and it went pending in a hurry.

[NotCranky]

$481,500 is the trustee sale price . It went back to the bank. The new price is what the bank is selling it for and it went pending in a hurry.

[NotCranky]

$481,500 is the trustee sale price . It went back to the bank. The new price is what the bank is selling it for and it went pending in a hurry.

[NotCranky]

$481,500 is the trustee sale price . It went back to the bank. The new price is what the bank is selling it for and it went pending in a hurry.

[NotCranky]

$481,500 is the trustee sale price . It went back to the bank. The new price is what the bank is selling it for and it went pending in a hurry.

[stansd]

Got it. Makes sense now, though I’m wondering why the prior owner didn’t sell it rather than letting it go back to the bank.

Isn’t the trustee sales price typically the loan balance?

Rustico, are there publicly available sources that can help me figure out what’s going on in instances like this?

Stan

[stansd]

Got it. Makes sense now, though I’m wondering why the prior owner didn’t sell it rather than letting it go back to the bank.

Isn’t the trustee sales price typically the loan balance?

Rustico, are there publicly available sources that can help me figure out what’s going on in instances like this?

Stan

[stansd]

Got it. Makes sense now, though I’m wondering why the prior owner didn’t sell it rather than letting it go back to the bank.

Isn’t the trustee sales price typically the loan balance?

Rustico, are there publicly available sources that can help me figure out what’s going on in instances like this?

Stan

[stansd]

Got it. Makes sense now, though I’m wondering why the prior owner didn’t sell it rather than letting it go back to the bank.

Isn’t the trustee sales price typically the loan balance?

Rustico, are there publicly available sources that can help me figure out what’s going on in instances like this?

Stan

[stansd]

Got it. Makes sense now, though I’m wondering why the prior owner didn’t sell it rather than letting it go back to the bank.

Isn’t the trustee sales price typically the loan balance?

Rustico, are there publicly available sources that can help me figure out what’s going on in instances like this?

Stan

[NotCranky]

Stan,
“Isn’t the trustee sales price typically the loan balance?”
Yes,only the balance for the foreclosing entity, not seconds which are erradicated by the foreclosure and unless the lender lets and outside bidder take it for less.

“Rustico, are there publicly available sources that can help me figure out what’s going on in instances like this?”

Yes there are. I am not sure how fast the info is available in a convenient format. I have the MLS so even though I have seen people post good links here I haven’t needed to remember them. Temeculaguy and probably some others have a good handle on research via web based public data banks.
A standing link on Rich’s home page for good sites would be nice.

[NotCranky]

Stan,
“Isn’t the trustee sales price typically the loan balance?”
Yes,only the balance for the foreclosing entity, not seconds which are erradicated by the foreclosure and unless the lender lets and outside bidder take it for less.

“Rustico, are there publicly available sources that can help me figure out what’s going on in instances like this?”

Yes there are. I am not sure how fast the info is available in a convenient format. I have the MLS so even though I have seen people post good links here I haven’t needed to remember them. Temeculaguy and probably some others have a good handle on research via web based public data banks.
A standing link on Rich’s home page for good sites would be nice.

[NotCranky]

Stan,
“Isn’t the trustee sales price typically the loan balance?”
Yes,only the balance for the foreclosing entity, not seconds which are erradicated by the foreclosure and unless the lender lets and outside bidder take it for less.

“Rustico, are there publicly available sources that can help me figure out what’s going on in instances like this?”

Yes there are. I am not sure how fast the info is available in a convenient format. I have the MLS so even though I have seen people post good links here I haven’t needed to remember them. Temeculaguy and probably some others have a good handle on research via web based public data banks.
A standing link on Rich’s home page for good sites would be nice.

[NotCranky]

Stan,
“Isn’t the trustee sales price typically the loan balance?”
Yes,only the balance for the foreclosing entity, not seconds which are erradicated by the foreclosure and unless the lender lets and outside bidder take it for less.

“Rustico, are there publicly available sources that can help me figure out what’s going on in instances like this?”

Yes there are. I am not sure how fast the info is available in a convenient format. I have the MLS so even though I have seen people post good links here I haven’t needed to remember them. Temeculaguy and probably some others have a good handle on research via web based public data banks.
A standing link on Rich’s home page for good sites would be nice.

[Author]

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