Eviction

[UCGal]

nevermind

[bearishgurl]

3600 sf is a tiny lot (SD City Avg. is 5000 sf) and although the house is “med. sized” in sq. footage for that era, a one-car garage renders it “economically obsolecent.” Most buyers need a two-car garage today, esp. in North Park where st. parking is at a premium. There is probably no room on that lot to enlarge the existing garage and still be able to drive into it, unless the already small backyard was given up and the new garage door was turned facing an alley, if avail. This could cost $25 – $40K (+ permits??) and may not be worth it.

Just because the property is a “Craftman” doesn’t mean all it’s orig. redwood or cedar “built-ins” or the moulding isn’t now painted over several coats (with lead or oil-based paint) or it has a modern kitchen.

If the decedent paid $447K for the property in 2002 and put $35K down, her orig. loan was for $412K. That is a very small downpayment and she would have very likely had PMI payments as well. Either she was able to make the payments sporadically enough over the years to stave off foreclosure or refinanced and/or heloc’d the property to enable her to keep making the payments. Her troubles hanging on probably began PRIOR to her marketing the property at the peak. Greed or being overmortgaged and/or otherwise liened, along with possibly being ill, kept her from reducing the price at the “peak” so she could get out from under her encumbrances.

[bearishgurl]

3600 sf is a tiny lot (SD City Avg. is 5000 sf) and although the house is “med. sized” in sq. footage for that era, a one-car garage renders it “economically obsolecent.” Most buyers need a two-car garage today, esp. in North Park where st. parking is at a premium. There is probably no room on that lot to enlarge the existing garage and still be able to drive into it, unless the already small backyard was given up and the new garage door was turned facing an alley, if avail. This could cost $25 – $40K (+ permits??) and may not be worth it.

Just because the property is a “Craftman” doesn’t mean all it’s orig. redwood or cedar “built-ins” or the moulding isn’t now painted over several coats (with lead or oil-based paint) or it has a modern kitchen.

If the decedent paid $447K for the property in 2002 and put $35K down, her orig. loan was for $412K. That is a very small downpayment and she would have very likely had PMI payments as well. Either she was able to make the payments sporadically enough over the years to stave off foreclosure or refinanced and/or heloc’d the property to enable her to keep making the payments. Her troubles hanging on probably began PRIOR to her marketing the property at the peak. Greed or being overmortgaged and/or otherwise liened, along with possibly being ill, kept her from reducing the price at the “peak” so she could get out from under her encumbrances.

[bearishgurl]

3600 sf is a tiny lot (SD City Avg. is 5000 sf) and although the house is “med. sized” in sq. footage for that era, a one-car garage renders it “economically obsolecent.” Most buyers need a two-car garage today, esp. in North Park where st. parking is at a premium. There is probably no room on that lot to enlarge the existing garage and still be able to drive into it, unless the already small backyard was given up and the new garage door was turned facing an alley, if avail. This could cost $25 – $40K (+ permits??) and may not be worth it.

Just because the property is a “Craftman” doesn’t mean all it’s orig. redwood or cedar “built-ins” or the moulding isn’t now painted over several coats (with lead or oil-based paint) or it has a modern kitchen.

If the decedent paid $447K for the property in 2002 and put $35K down, her orig. loan was for $412K. That is a very small downpayment and she would have very likely had PMI payments as well. Either she was able to make the payments sporadically enough over the years to stave off foreclosure or refinanced and/or heloc’d the property to enable her to keep making the payments. Her troubles hanging on probably began PRIOR to her marketing the property at the peak. Greed or being overmortgaged and/or otherwise liened, along with possibly being ill, kept her from reducing the price at the “peak” so she could get out from under her encumbrances.

[bearishgurl]

3600 sf is a tiny lot (SD City Avg. is 5000 sf) and although the house is “med. sized” in sq. footage for that era, a one-car garage renders it “economically obsolecent.” Most buyers need a two-car garage today, esp. in North Park where st. parking is at a premium. There is probably no room on that lot to enlarge the existing garage and still be able to drive into it, unless the already small backyard was given up and the new garage door was turned facing an alley, if avail. This could cost $25 – $40K (+ permits??) and may not be worth it.

Just because the property is a “Craftman” doesn’t mean all it’s orig. redwood or cedar “built-ins” or the moulding isn’t now painted over several coats (with lead or oil-based paint) or it has a modern kitchen.

If the decedent paid $447K for the property in 2002 and put $35K down, her orig. loan was for $412K. That is a very small downpayment and she would have very likely had PMI payments as well. Either she was able to make the payments sporadically enough over the years to stave off foreclosure or refinanced and/or heloc’d the property to enable her to keep making the payments. Her troubles hanging on probably began PRIOR to her marketing the property at the peak. Greed or being overmortgaged and/or otherwise liened, along with possibly being ill, kept her from reducing the price at the “peak” so she could get out from under her encumbrances.

[bearishgurl]

3600 sf is a tiny lot (SD City Avg. is 5000 sf) and although the house is “med. sized” in sq. footage for that era, a one-car garage renders it “economically obsolecent.” Most buyers need a two-car garage today, esp. in North Park where st. parking is at a premium. There is probably no room on that lot to enlarge the existing garage and still be able to drive into it, unless the already small backyard was given up and the new garage door was turned facing an alley, if avail. This could cost $25 – $40K (+ permits??) and may not be worth it.

Just because the property is a “Craftman” doesn’t mean all it’s orig. redwood or cedar “built-ins” or the moulding isn’t now painted over several coats (with lead or oil-based paint) or it has a modern kitchen.

If the decedent paid $447K for the property in 2002 and put $35K down, her orig. loan was for $412K. That is a very small downpayment and she would have very likely had PMI payments as well. Either she was able to make the payments sporadically enough over the years to stave off foreclosure or refinanced and/or heloc’d the property to enable her to keep making the payments. Her troubles hanging on probably began PRIOR to her marketing the property at the peak. Greed or being overmortgaged and/or otherwise liened, along with possibly being ill, kept her from reducing the price at the “peak” so she could get out from under her encumbrances.

[bearishgurl]

[quote=northparkbuyer]Web site was just updated. The house was sold to a 3rd party for the minimum bid for $460K.[/quote]

Apparently, the trustees-sale buyer thought it was worth that based upon a “drive-by” and examination of the title/assessor record.

Perhaps it had retained enough original charm from the outside that the TD purchaser didn’t care if he/she had to do a lot of work on the inside or he/she approached the tenant about purchasing it after the orig. Notice of Default was filed or after the death notice was published and got to see the inside.

$460K just seems a little high to me for that size lot unless (1) it is NOT surrounded by apt. bldgs; (2) the “goodies” inside were all original and intact; and/or (3) it had a Mills Act contract on it.

[bearishgurl]

[quote=northparkbuyer]Web site was just updated. The house was sold to a 3rd party for the minimum bid for $460K.[/quote]

Apparently, the trustees-sale buyer thought it was worth that based upon a “drive-by” and examination of the title/assessor record.

Perhaps it had retained enough original charm from the outside that the TD purchaser didn’t care if he/she had to do a lot of work on the inside or he/she approached the tenant about purchasing it after the orig. Notice of Default was filed or after the death notice was published and got to see the inside.

$460K just seems a little high to me for that size lot unless (1) it is NOT surrounded by apt. bldgs; (2) the “goodies” inside were all original and intact; and/or (3) it had a Mills Act contract on it.

[bearishgurl]

[quote=northparkbuyer]Web site was just updated. The house was sold to a 3rd party for the minimum bid for $460K.[/quote]

Apparently, the trustees-sale buyer thought it was worth that based upon a “drive-by” and examination of the title/assessor record.

Perhaps it had retained enough original charm from the outside that the TD purchaser didn’t care if he/she had to do a lot of work on the inside or he/she approached the tenant about purchasing it after the orig. Notice of Default was filed or after the death notice was published and got to see the inside.

$460K just seems a little high to me for that size lot unless (1) it is NOT surrounded by apt. bldgs; (2) the “goodies” inside were all original and intact; and/or (3) it had a Mills Act contract on it.

[bearishgurl]

[quote=northparkbuyer]Web site was just updated. The house was sold to a 3rd party for the minimum bid for $460K.[/quote]

Apparently, the trustees-sale buyer thought it was worth that based upon a “drive-by” and examination of the title/assessor record.

Perhaps it had retained enough original charm from the outside that the TD purchaser didn’t care if he/she had to do a lot of work on the inside or he/she approached the tenant about purchasing it after the orig. Notice of Default was filed or after the death notice was published and got to see the inside.

$460K just seems a little high to me for that size lot unless (1) it is NOT surrounded by apt. bldgs; (2) the “goodies” inside were all original and intact; and/or (3) it had a Mills Act contract on it.

[bearishgurl]

[quote=northparkbuyer]Web site was just updated. The house was sold to a 3rd party for the minimum bid for $460K.[/quote]

Apparently, the trustees-sale buyer thought it was worth that based upon a “drive-by” and examination of the title/assessor record.

Perhaps it had retained enough original charm from the outside that the TD purchaser didn’t care if he/she had to do a lot of work on the inside or he/she approached the tenant about purchasing it after the orig. Notice of Default was filed or after the death notice was published and got to see the inside.

$460K just seems a little high to me for that size lot unless (1) it is NOT surrounded by apt. bldgs; (2) the “goodies” inside were all original and intact; and/or (3) it had a Mills Act contract on it.

[recordsclerk]

It went to a 3rd party for the opening bid price. No bidding war for that property. ForclosureRadar has it valued at 629K. From the birds eye view looks like the home takes up most of the lot. 1644sqft 3bd 2ba home on a 3645 lot. More then likely this will be a flip and we will see a resale price in the next couple of months. Not sure how the eviction part will turn out, probably cash for keys. If not cash for keys, probably 90 day eviction notice. Location is south of University between 30th and where 805/15 merge.

[recordsclerk]

It went to a 3rd party for the opening bid price. No bidding war for that property. ForclosureRadar has it valued at 629K. From the birds eye view looks like the home takes up most of the lot. 1644sqft 3bd 2ba home on a 3645 lot. More then likely this will be a flip and we will see a resale price in the next couple of months. Not sure how the eviction part will turn out, probably cash for keys. If not cash for keys, probably 90 day eviction notice. Location is south of University between 30th and where 805/15 merge.

[recordsclerk]

It went to a 3rd party for the opening bid price. No bidding war for that property. ForclosureRadar has it valued at 629K. From the birds eye view looks like the home takes up most of the lot. 1644sqft 3bd 2ba home on a 3645 lot. More then likely this will be a flip and we will see a resale price in the next couple of months. Not sure how the eviction part will turn out, probably cash for keys. If not cash for keys, probably 90 day eviction notice. Location is south of University between 30th and where 805/15 merge.

[recordsclerk]

It went to a 3rd party for the opening bid price. No bidding war for that property. ForclosureRadar has it valued at 629K. From the birds eye view looks like the home takes up most of the lot. 1644sqft 3bd 2ba home on a 3645 lot. More then likely this will be a flip and we will see a resale price in the next couple of months. Not sure how the eviction part will turn out, probably cash for keys. If not cash for keys, probably 90 day eviction notice. Location is south of University between 30th and where 805/15 merge.

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