New Century Liquidations

[SD Realtor]

Unfortunately I have not had alot of posting time lately. Between engineering and real estate I have been busy but what little free time I have had, I have been trying to become more adept at investment opportunities. I was studying some foreclosures in Sabre Springs when I noticed one for sale on Mountain Pass. Looking at the numbers the home was purchased in 2005 for 835k. No surprising was that it was financed to the hilt by New Century. What stunned me was that the trustee sale price was 457k! I don’t know how many more properties New Century has to liquidate from the BK.

Are you kidding me?

Nice!!!

The home has already been listed at 724k for the past few days.

Talk about opportunity.

[ocrenter]

SDR, when was the trustee sale?

will likely sell for $650k, a nice $170k profit for the flippers.

[ocrenter]

SDR, when was the trustee sale?

will likely sell for $650k, a nice $170k profit for the flippers.

[ocrenter]

SDR, when was the trustee sale?

will likely sell for $650k, a nice $170k profit for the flippers.

[ocrenter]

SDR, when was the trustee sale?

will likely sell for $650k, a nice $170k profit for the flippers.

[ocrenter]

SDR, when was the trustee sale?

will likely sell for $650k, a nice $170k profit for the flippers.

[urbanrealtor]

Yeah. I don’t know. I did some looking at us financial who was named the transferee at the ttee auction. They appear to be a group that (among other things) buys notes at a discount prior to foreclosure. I am not 100% about that but it appears that they were the foreclosing entity. If thats the case (and I am not certain that it is), then they did not pay a dime and just devalued the note at, or before, the time of the auction (probably for tax reasons).

[urbanrealtor]

Yeah. I don’t know. I did some looking at us financial who was named the transferee at the ttee auction. They appear to be a group that (among other things) buys notes at a discount prior to foreclosure. I am not 100% about that but it appears that they were the foreclosing entity. If thats the case (and I am not certain that it is), then they did not pay a dime and just devalued the note at, or before, the time of the auction (probably for tax reasons).

[urbanrealtor]

Yeah. I don’t know. I did some looking at us financial who was named the transferee at the ttee auction. They appear to be a group that (among other things) buys notes at a discount prior to foreclosure. I am not 100% about that but it appears that they were the foreclosing entity. If thats the case (and I am not certain that it is), then they did not pay a dime and just devalued the note at, or before, the time of the auction (probably for tax reasons).

[urbanrealtor]

Yeah. I don’t know. I did some looking at us financial who was named the transferee at the ttee auction. They appear to be a group that (among other things) buys notes at a discount prior to foreclosure. I am not 100% about that but it appears that they were the foreclosing entity. If thats the case (and I am not certain that it is), then they did not pay a dime and just devalued the note at, or before, the time of the auction (probably for tax reasons).

[urbanrealtor]

Yeah. I don’t know. I did some looking at us financial who was named the transferee at the ttee auction. They appear to be a group that (among other things) buys notes at a discount prior to foreclosure. I am not 100% about that but it appears that they were the foreclosing entity. If thats the case (and I am not certain that it is), then they did not pay a dime and just devalued the note at, or before, the time of the auction (probably for tax reasons).

[SD Realtor]

Yep I learned more today. There were postponements from the original trustee sales and then cancellations. You could be correct on your assumption. Another guess I am making is this indeed was a possible portfolio purchase of some type lumped in with other properties.

Hard to say… Drove by the home today and checked it out. It is in a pretty decent part of Sabre Springs…

Of course it is only a few homes away from Westerfields old house.

OCR the recording for the trustee deed was 8/25 but the previous cancellations of the auction date was 8/6 and another one before that. I tend to think it never went to auction.

You can see at fidelityasap.com

[SD Realtor]

Yep I learned more today. There were postponements from the original trustee sales and then cancellations. You could be correct on your assumption. Another guess I am making is this indeed was a possible portfolio purchase of some type lumped in with other properties.

Hard to say… Drove by the home today and checked it out. It is in a pretty decent part of Sabre Springs…

Of course it is only a few homes away from Westerfields old house.

OCR the recording for the trustee deed was 8/25 but the previous cancellations of the auction date was 8/6 and another one before that. I tend to think it never went to auction.

You can see at fidelityasap.com

[SD Realtor]

Yep I learned more today. There were postponements from the original trustee sales and then cancellations. You could be correct on your assumption. Another guess I am making is this indeed was a possible portfolio purchase of some type lumped in with other properties.

Hard to say… Drove by the home today and checked it out. It is in a pretty decent part of Sabre Springs…

Of course it is only a few homes away from Westerfields old house.

OCR the recording for the trustee deed was 8/25 but the previous cancellations of the auction date was 8/6 and another one before that. I tend to think it never went to auction.

You can see at fidelityasap.com

[SD Realtor]

Yep I learned more today. There were postponements from the original trustee sales and then cancellations. You could be correct on your assumption. Another guess I am making is this indeed was a possible portfolio purchase of some type lumped in with other properties.

Hard to say… Drove by the home today and checked it out. It is in a pretty decent part of Sabre Springs…

Of course it is only a few homes away from Westerfields old house.

OCR the recording for the trustee deed was 8/25 but the previous cancellations of the auction date was 8/6 and another one before that. I tend to think it never went to auction.

You can see at fidelityasap.com

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