Pipilo St. property in PQ

[Scarlett]

There was some traffic at the open house. Supposedly they had a few offer that haven’t been accepted yet, if you believe the LA.

I don’t think I’ll end up making an offer on it, but I have not decided yet. I am in no hurry to buy and I know I can find other similar or better properties in PQ for the same price if I am patient. The location is a tad busy, too many updates missing (that other properties have – this was a rental),no AC, the bedrooms were all small.

Another curious thing – if it went thru foreclosure, presumably in November – how come it’s on the market for 8 months, without getting relisted? (presumably with the same agent).

BG that info you dug out was supplied also by my ex-agent in REalist report.

But Trust is not the same as bank, is it? The open house agent said bank owned.

[bearishgurl]

[quote=Scarlett]There was some traffic at the open house. Supposedly they had a few offer that haven’t been accepted yet, if you believe the LA.

I don’t think I’ll end up making an offer on it, but I have not decided yet. I am in no hurry to buy and I know I can find other similar or better properties in PQ for the same price if I am patient. The location is a tad busy, too many updates missing (that other properties have – this was a rental),no AC, the bedrooms were all small.

Another curious thing – if it went thru foreclosure, presumably in November – how come it’s on the market for 8 months, without getting relisted? (presumably with the same agent).

BG that info you dug out was supplied also by my ex-agent in REalist report.

But Trust is not the same as bank, is it? The open house agent said bank owned.[/quote]

The previous owners, the “Quintanas” borrowed (not sure if a 1st, 2nd or 3rd TD) from a private lender which, in this case, was the WGJ Trust. They probably went thru a mortgage broker to do it because they couldn’t qualify for a “mainstream” mortgage with a direct lender.

Maybe the WGJ Trust collected rent from the Quintana’s tenants for a time after taking title and/or gave them 60 days to vacate. I believe there is new law affecting month-to-month tenants and lessees occupying property in which a trustee’s deed was recently conveyed or in which a foreclosing bene recently took back a property in a trustee’s sale.

As for the agent, why couldn’t the bene who took over the property just use the same agent and keep the listing active? Why not? I see nothing out of the ordinary here.

[bearishgurl]

[quote=Scarlett]There was some traffic at the open house. Supposedly they had a few offer that haven’t been accepted yet, if you believe the LA.

I don’t think I’ll end up making an offer on it, but I have not decided yet. I am in no hurry to buy and I know I can find other similar or better properties in PQ for the same price if I am patient. The location is a tad busy, too many updates missing (that other properties have – this was a rental),no AC, the bedrooms were all small.

Another curious thing – if it went thru foreclosure, presumably in November – how come it’s on the market for 8 months, without getting relisted? (presumably with the same agent).

BG that info you dug out was supplied also by my ex-agent in REalist report.

But Trust is not the same as bank, is it? The open house agent said bank owned.[/quote]

The previous owners, the “Quintanas” borrowed (not sure if a 1st, 2nd or 3rd TD) from a private lender which, in this case, was the WGJ Trust. They probably went thru a mortgage broker to do it because they couldn’t qualify for a “mainstream” mortgage with a direct lender.

Maybe the WGJ Trust collected rent from the Quintana’s tenants for a time after taking title and/or gave them 60 days to vacate. I believe there is new law affecting month-to-month tenants and lessees occupying property in which a trustee’s deed was recently conveyed or in which a foreclosing bene recently took back a property in a trustee’s sale.

As for the agent, why couldn’t the bene who took over the property just use the same agent and keep the listing active? Why not? I see nothing out of the ordinary here.

[bearishgurl]

[quote=Scarlett]There was some traffic at the open house. Supposedly they had a few offer that haven’t been accepted yet, if you believe the LA.

I don’t think I’ll end up making an offer on it, but I have not decided yet. I am in no hurry to buy and I know I can find other similar or better properties in PQ for the same price if I am patient. The location is a tad busy, too many updates missing (that other properties have – this was a rental),no AC, the bedrooms were all small.

Another curious thing – if it went thru foreclosure, presumably in November – how come it’s on the market for 8 months, without getting relisted? (presumably with the same agent).

BG that info you dug out was supplied also by my ex-agent in REalist report.

But Trust is not the same as bank, is it? The open house agent said bank owned.[/quote]

The previous owners, the “Quintanas” borrowed (not sure if a 1st, 2nd or 3rd TD) from a private lender which, in this case, was the WGJ Trust. They probably went thru a mortgage broker to do it because they couldn’t qualify for a “mainstream” mortgage with a direct lender.

Maybe the WGJ Trust collected rent from the Quintana’s tenants for a time after taking title and/or gave them 60 days to vacate. I believe there is new law affecting month-to-month tenants and lessees occupying property in which a trustee’s deed was recently conveyed or in which a foreclosing bene recently took back a property in a trustee’s sale.

As for the agent, why couldn’t the bene who took over the property just use the same agent and keep the listing active? Why not? I see nothing out of the ordinary here.

[bearishgurl]

[quote=Scarlett]There was some traffic at the open house. Supposedly they had a few offer that haven’t been accepted yet, if you believe the LA.

I don’t think I’ll end up making an offer on it, but I have not decided yet. I am in no hurry to buy and I know I can find other similar or better properties in PQ for the same price if I am patient. The location is a tad busy, too many updates missing (that other properties have – this was a rental),no AC, the bedrooms were all small.

Another curious thing – if it went thru foreclosure, presumably in November – how come it’s on the market for 8 months, without getting relisted? (presumably with the same agent).

BG that info you dug out was supplied also by my ex-agent in REalist report.

But Trust is not the same as bank, is it? The open house agent said bank owned.[/quote]

The previous owners, the “Quintanas” borrowed (not sure if a 1st, 2nd or 3rd TD) from a private lender which, in this case, was the WGJ Trust. They probably went thru a mortgage broker to do it because they couldn’t qualify for a “mainstream” mortgage with a direct lender.

Maybe the WGJ Trust collected rent from the Quintana’s tenants for a time after taking title and/or gave them 60 days to vacate. I believe there is new law affecting month-to-month tenants and lessees occupying property in which a trustee’s deed was recently conveyed or in which a foreclosing bene recently took back a property in a trustee’s sale.

As for the agent, why couldn’t the bene who took over the property just use the same agent and keep the listing active? Why not? I see nothing out of the ordinary here.

[bearishgurl]

[quote=Scarlett]There was some traffic at the open house. Supposedly they had a few offer that haven’t been accepted yet, if you believe the LA.

I don’t think I’ll end up making an offer on it, but I have not decided yet. I am in no hurry to buy and I know I can find other similar or better properties in PQ for the same price if I am patient. The location is a tad busy, too many updates missing (that other properties have – this was a rental),no AC, the bedrooms were all small.

Another curious thing – if it went thru foreclosure, presumably in November – how come it’s on the market for 8 months, without getting relisted? (presumably with the same agent).

BG that info you dug out was supplied also by my ex-agent in REalist report.

But Trust is not the same as bank, is it? The open house agent said bank owned.[/quote]

The previous owners, the “Quintanas” borrowed (not sure if a 1st, 2nd or 3rd TD) from a private lender which, in this case, was the WGJ Trust. They probably went thru a mortgage broker to do it because they couldn’t qualify for a “mainstream” mortgage with a direct lender.

Maybe the WGJ Trust collected rent from the Quintana’s tenants for a time after taking title and/or gave them 60 days to vacate. I believe there is new law affecting month-to-month tenants and lessees occupying property in which a trustee’s deed was recently conveyed or in which a foreclosing bene recently took back a property in a trustee’s sale.

As for the agent, why couldn’t the bene who took over the property just use the same agent and keep the listing active? Why not? I see nothing out of the ordinary here.

[Scarlett]

Sorry for being dense here – the owners is this WGJ trust – why is called BANK-owned then?
And I see no indication that the situation has changed in the last 2 weeks – when supposedly it was PRE-foreclosure with NOD.

[Scarlett]

Sorry for being dense here – the owners is this WGJ trust – why is called BANK-owned then?
And I see no indication that the situation has changed in the last 2 weeks – when supposedly it was PRE-foreclosure with NOD.

[Scarlett]

Sorry for being dense here – the owners is this WGJ trust – why is called BANK-owned then?
And I see no indication that the situation has changed in the last 2 weeks – when supposedly it was PRE-foreclosure with NOD.

[Scarlett]

Sorry for being dense here – the owners is this WGJ trust – why is called BANK-owned then?
And I see no indication that the situation has changed in the last 2 weeks – when supposedly it was PRE-foreclosure with NOD.

[Scarlett]

Sorry for being dense here – the owners is this WGJ trust – why is called BANK-owned then?
And I see no indication that the situation has changed in the last 2 weeks – when supposedly it was PRE-foreclosure with NOD.

[bearishgurl]

[quote=Scarlett]Sorry for being dense here – the owners is this WGJ trust – why is called BANK-owned then?
And I see no indication that the situation has changed in the last 2 weeks – when supposedly it was PRE-foreclosure with NOD.[/quote]

Scarlett, I don’t even know if the LAST trustee’s deed conveyed to the WSJ Trust was the correct one for this property. I can’t see that in ARCC and I don’t have access to any services.

I didn’t check the Quintana’s name for NOD’s. I will do that next to see if the NOD/NOS makes sense with the 11/22/10 sale date. Even that would be no guarantee as the sale could have been postponed.

I understand that you’ve been told some things. A lender doesn’t have to be a “bank.” Perhaps agents just use those terms so buyers will understand that it is an REO.

I’ll check the Quintana’s name for NODs/NOSs but you are not interested in the property, anyway, right?

[bearishgurl]

[quote=Scarlett]Sorry for being dense here – the owners is this WGJ trust – why is called BANK-owned then?
And I see no indication that the situation has changed in the last 2 weeks – when supposedly it was PRE-foreclosure with NOD.[/quote]

Scarlett, I don’t even know if the LAST trustee’s deed conveyed to the WSJ Trust was the correct one for this property. I can’t see that in ARCC and I don’t have access to any services.

I didn’t check the Quintana’s name for NOD’s. I will do that next to see if the NOD/NOS makes sense with the 11/22/10 sale date. Even that would be no guarantee as the sale could have been postponed.

I understand that you’ve been told some things. A lender doesn’t have to be a “bank.” Perhaps agents just use those terms so buyers will understand that it is an REO.

I’ll check the Quintana’s name for NODs/NOSs but you are not interested in the property, anyway, right?

[bearishgurl]

[quote=Scarlett]Sorry for being dense here – the owners is this WGJ trust – why is called BANK-owned then?
And I see no indication that the situation has changed in the last 2 weeks – when supposedly it was PRE-foreclosure with NOD.[/quote]

Scarlett, I don’t even know if the LAST trustee’s deed conveyed to the WSJ Trust was the correct one for this property. I can’t see that in ARCC and I don’t have access to any services.

I didn’t check the Quintana’s name for NOD’s. I will do that next to see if the NOD/NOS makes sense with the 11/22/10 sale date. Even that would be no guarantee as the sale could have been postponed.

I understand that you’ve been told some things. A lender doesn’t have to be a “bank.” Perhaps agents just use those terms so buyers will understand that it is an REO.

I’ll check the Quintana’s name for NODs/NOSs but you are not interested in the property, anyway, right?

[bearishgurl]

[quote=Scarlett]Sorry for being dense here – the owners is this WGJ trust – why is called BANK-owned then?
And I see no indication that the situation has changed in the last 2 weeks – when supposedly it was PRE-foreclosure with NOD.[/quote]

Scarlett, I don’t even know if the LAST trustee’s deed conveyed to the WSJ Trust was the correct one for this property. I can’t see that in ARCC and I don’t have access to any services.

I didn’t check the Quintana’s name for NOD’s. I will do that next to see if the NOD/NOS makes sense with the 11/22/10 sale date. Even that would be no guarantee as the sale could have been postponed.

I understand that you’ve been told some things. A lender doesn’t have to be a “bank.” Perhaps agents just use those terms so buyers will understand that it is an REO.

I’ll check the Quintana’s name for NODs/NOSs but you are not interested in the property, anyway, right?

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