mission hills auction

[jimcav]

looks like a home hits the auction april 18th, on washington place? anyone know where the auction is, i may ask a local friend to go observe the process, at least find out what it goes for relative to the z-estimate or such. how does a home in a desirable area go to auction rather than accept a short-sale offer?
i saw the home at foreclosure.com (free, i did not join–since i am not even moving there until summer–is the free version not updated)

thanks
jim

[SD Realtor]

Someone can correct me if I am wrong on this…Last I checked the listing agent for this property had said that the property has two offers on it already and there has already been a postponement of the trustee sale. The lot is small but the home is pretty nice and has a cool little canyon view behind it. Unfortunately to get to the downstairs entertainment area you have to walk down a flight of stairs that is on the outside of the home. Kind of funky. Also no garage. Inside the home is very well done.

I would not be surprised if there is not an additional postponement. Once more, many of these sites like Realty Trac, Foreclosure.com and all the rest of them are real good at posting when a first notice is recorded. Unfortunately NONE of them check to see when trustee sales have been postponed, or if any of the properties have existing offers.

Homes that have offers on short sales that are rejected by the bank are simply rejected because the bank thinks they can get more by foreclosing and selling it as an REO. It doesn’t matter if the area is desireable or a slum.

SD Realtor

[SD Realtor]

Someone can correct me if I am wrong on this…Last I checked the listing agent for this property had said that the property has two offers on it already and there has already been a postponement of the trustee sale. The lot is small but the home is pretty nice and has a cool little canyon view behind it. Unfortunately to get to the downstairs entertainment area you have to walk down a flight of stairs that is on the outside of the home. Kind of funky. Also no garage. Inside the home is very well done.

I would not be surprised if there is not an additional postponement. Once more, many of these sites like Realty Trac, Foreclosure.com and all the rest of them are real good at posting when a first notice is recorded. Unfortunately NONE of them check to see when trustee sales have been postponed, or if any of the properties have existing offers.

Homes that have offers on short sales that are rejected by the bank are simply rejected because the bank thinks they can get more by foreclosing and selling it as an REO. It doesn’t matter if the area is desireable or a slum.

SD Realtor

[SD Realtor]

Someone can correct me if I am wrong on this…Last I checked the listing agent for this property had said that the property has two offers on it already and there has already been a postponement of the trustee sale. The lot is small but the home is pretty nice and has a cool little canyon view behind it. Unfortunately to get to the downstairs entertainment area you have to walk down a flight of stairs that is on the outside of the home. Kind of funky. Also no garage. Inside the home is very well done.

I would not be surprised if there is not an additional postponement. Once more, many of these sites like Realty Trac, Foreclosure.com and all the rest of them are real good at posting when a first notice is recorded. Unfortunately NONE of them check to see when trustee sales have been postponed, or if any of the properties have existing offers.

Homes that have offers on short sales that are rejected by the bank are simply rejected because the bank thinks they can get more by foreclosing and selling it as an REO. It doesn’t matter if the area is desireable or a slum.

SD Realtor

[SD Realtor]

Someone can correct me if I am wrong on this…Last I checked the listing agent for this property had said that the property has two offers on it already and there has already been a postponement of the trustee sale. The lot is small but the home is pretty nice and has a cool little canyon view behind it. Unfortunately to get to the downstairs entertainment area you have to walk down a flight of stairs that is on the outside of the home. Kind of funky. Also no garage. Inside the home is very well done.

I would not be surprised if there is not an additional postponement. Once more, many of these sites like Realty Trac, Foreclosure.com and all the rest of them are real good at posting when a first notice is recorded. Unfortunately NONE of them check to see when trustee sales have been postponed, or if any of the properties have existing offers.

Homes that have offers on short sales that are rejected by the bank are simply rejected because the bank thinks they can get more by foreclosing and selling it as an REO. It doesn’t matter if the area is desireable or a slum.

SD Realtor

[SD Realtor]

Someone can correct me if I am wrong on this…Last I checked the listing agent for this property had said that the property has two offers on it already and there has already been a postponement of the trustee sale. The lot is small but the home is pretty nice and has a cool little canyon view behind it. Unfortunately to get to the downstairs entertainment area you have to walk down a flight of stairs that is on the outside of the home. Kind of funky. Also no garage. Inside the home is very well done.

I would not be surprised if there is not an additional postponement. Once more, many of these sites like Realty Trac, Foreclosure.com and all the rest of them are real good at posting when a first notice is recorded. Unfortunately NONE of them check to see when trustee sales have been postponed, or if any of the properties have existing offers.

Homes that have offers on short sales that are rejected by the bank are simply rejected because the bank thinks they can get more by foreclosing and selling it as an REO. It doesn’t matter if the area is desireable or a slum.

SD Realtor

[jimcav]

thanks SD realtor. regarding your last paragraph, is the bank foreclosing and selling as a REO not the auction? i thought the auction was what happens when they foreclose? or do they only go to auction if they don’t want to sell the property like any other “for sale” home on the MLS?
is there a way to check/discover what they sell for, or simply wait for it to show up on sdlookup under the recent closings?
thanks
jim

[jimcav]

thanks SD realtor. regarding your last paragraph, is the bank foreclosing and selling as a REO not the auction? i thought the auction was what happens when they foreclose? or do they only go to auction if they don’t want to sell the property like any other “for sale” home on the MLS?
is there a way to check/discover what they sell for, or simply wait for it to show up on sdlookup under the recent closings?
thanks
jim

[jimcav]

thanks SD realtor. regarding your last paragraph, is the bank foreclosing and selling as a REO not the auction? i thought the auction was what happens when they foreclose? or do they only go to auction if they don’t want to sell the property like any other “for sale” home on the MLS?
is there a way to check/discover what they sell for, or simply wait for it to show up on sdlookup under the recent closings?
thanks
jim

[jimcav]

thanks SD realtor. regarding your last paragraph, is the bank foreclosing and selling as a REO not the auction? i thought the auction was what happens when they foreclose? or do they only go to auction if they don’t want to sell the property like any other “for sale” home on the MLS?
is there a way to check/discover what they sell for, or simply wait for it to show up on sdlookup under the recent closings?
thanks
jim

[jimcav]

thanks SD realtor. regarding your last paragraph, is the bank foreclosing and selling as a REO not the auction? i thought the auction was what happens when they foreclose? or do they only go to auction if they don’t want to sell the property like any other “for sale” home on the MLS?
is there a way to check/discover what they sell for, or simply wait for it to show up on sdlookup under the recent closings?
thanks
jim

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