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bearishgurl.
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March 6, 2011 at 10:46 PM #675282March 6, 2011 at 11:18 PM #674138
bearishgurl
ParticipantRecords 1 – 3 of 3
Select Doc Number Doc Type Name
… Certified Non-Certified 2010-0101883 DEFAULT DOC 289463 APR 26 06
… Certified Non-Certified 2007-0400043 DEFAULT DOC 289463 APR 26 06
… Certified Non-Certified 2006-0481313 DEFAULT DOC 289463 APR 26 06Scarlett, the most recent defaults filed on the Caroline T. Quintana Trust are as above. The latest Notice of Default was filed 3/2/10. Notice of Sale was filed 10/22/10. The Trustees Deed was filed 11/22/10.
The first default was just 2.5 months after the loan was made by MTC Financial. They sold the loan to CA Bank and Trust who filed a default on it on 6/13/07. CA B&T then sold it off to WGJ Trust who then hired a trustee to foreclose.
My guess is most likely it was subprime, the defaulting trustor was collecting rent most of all that time and WGJ Trust doesn’t have much skin in the game.
March 6, 2011 at 11:18 PM #674195ParticipantRecords 1 – 3 of 3
Select Doc Number Doc Type Name
… Certified Non-Certified 2010-0101883 DEFAULT DOC 289463 APR 26 06
… Certified Non-Certified 2007-0400043 DEFAULT DOC 289463 APR 26 06
… Certified Non-Certified 2006-0481313 DEFAULT DOC 289463 APR 26 06Scarlett, the most recent defaults filed on the Caroline T. Quintana Trust are as above. The latest Notice of Default was filed 3/2/10. Notice of Sale was filed 10/22/10. The Trustees Deed was filed 11/22/10.
The first default was just 2.5 months after the loan was made by MTC Financial. They sold the loan to CA Bank and Trust who filed a default on it on 6/13/07. CA B&T then sold it off to WGJ Trust who then hired a trustee to foreclose.
My guess is most likely it was subprime, the defaulting trustor was collecting rent most of all that time and WGJ Trust doesn’t have much skin in the game.
March 6, 2011 at 11:18 PM #674807ParticipantRecords 1 – 3 of 3
Select Doc Number Doc Type Name
… Certified Non-Certified 2010-0101883 DEFAULT DOC 289463 APR 26 06
… Certified Non-Certified 2007-0400043 DEFAULT DOC 289463 APR 26 06
… Certified Non-Certified 2006-0481313 DEFAULT DOC 289463 APR 26 06Scarlett, the most recent defaults filed on the Caroline T. Quintana Trust are as above. The latest Notice of Default was filed 3/2/10. Notice of Sale was filed 10/22/10. The Trustees Deed was filed 11/22/10.
The first default was just 2.5 months after the loan was made by MTC Financial. They sold the loan to CA Bank and Trust who filed a default on it on 6/13/07. CA B&T then sold it off to WGJ Trust who then hired a trustee to foreclose.
My guess is most likely it was subprime, the defaulting trustor was collecting rent most of all that time and WGJ Trust doesn’t have much skin in the game.
March 6, 2011 at 11:18 PM #674945ParticipantRecords 1 – 3 of 3
Select Doc Number Doc Type Name
… Certified Non-Certified 2010-0101883 DEFAULT DOC 289463 APR 26 06
… Certified Non-Certified 2007-0400043 DEFAULT DOC 289463 APR 26 06
… Certified Non-Certified 2006-0481313 DEFAULT DOC 289463 APR 26 06Scarlett, the most recent defaults filed on the Caroline T. Quintana Trust are as above. The latest Notice of Default was filed 3/2/10. Notice of Sale was filed 10/22/10. The Trustees Deed was filed 11/22/10.
The first default was just 2.5 months after the loan was made by MTC Financial. They sold the loan to CA Bank and Trust who filed a default on it on 6/13/07. CA B&T then sold it off to WGJ Trust who then hired a trustee to foreclose.
My guess is most likely it was subprime, the defaulting trustor was collecting rent most of all that time and WGJ Trust doesn’t have much skin in the game.
March 6, 2011 at 11:18 PM #675292ParticipantRecords 1 – 3 of 3
Select Doc Number Doc Type Name
… Certified Non-Certified 2010-0101883 DEFAULT DOC 289463 APR 26 06
… Certified Non-Certified 2007-0400043 DEFAULT DOC 289463 APR 26 06
… Certified Non-Certified 2006-0481313 DEFAULT DOC 289463 APR 26 06Scarlett, the most recent defaults filed on the Caroline T. Quintana Trust are as above. The latest Notice of Default was filed 3/2/10. Notice of Sale was filed 10/22/10. The Trustees Deed was filed 11/22/10.
The first default was just 2.5 months after the loan was made by MTC Financial. They sold the loan to CA Bank and Trust who filed a default on it on 6/13/07. CA B&T then sold it off to WGJ Trust who then hired a trustee to foreclose.
My guess is most likely it was subprime, the defaulting trustor was collecting rent most of all that time and WGJ Trust doesn’t have much skin in the game.
March 6, 2011 at 11:22 PM #674143Participant[quote=Scarlett]…The MLS remarks didn’t mention REO. I am not even sure who dropped the ball or who, if anybody lied to anybody? What is your opinion? I just find the whole thing very odd.[/quote]
Scarlett, if you don’t mind my asking, would it have made a difference as to whether you would make an offer or not if it was an REO or other type of sale?
Why don’t you just find a property that will work for you and offer whatever you think its worth in accordance with the nearby sold comps and hopefully get an acceptance or counter-offer??
March 6, 2011 at 11:22 PM #674200Participant[quote=Scarlett]…The MLS remarks didn’t mention REO. I am not even sure who dropped the ball or who, if anybody lied to anybody? What is your opinion? I just find the whole thing very odd.[/quote]
Scarlett, if you don’t mind my asking, would it have made a difference as to whether you would make an offer or not if it was an REO or other type of sale?
Why don’t you just find a property that will work for you and offer whatever you think its worth in accordance with the nearby sold comps and hopefully get an acceptance or counter-offer??
March 6, 2011 at 11:22 PM #674812Participant[quote=Scarlett]…The MLS remarks didn’t mention REO. I am not even sure who dropped the ball or who, if anybody lied to anybody? What is your opinion? I just find the whole thing very odd.[/quote]
Scarlett, if you don’t mind my asking, would it have made a difference as to whether you would make an offer or not if it was an REO or other type of sale?
Why don’t you just find a property that will work for you and offer whatever you think its worth in accordance with the nearby sold comps and hopefully get an acceptance or counter-offer??
March 6, 2011 at 11:22 PM #674950Participant[quote=Scarlett]…The MLS remarks didn’t mention REO. I am not even sure who dropped the ball or who, if anybody lied to anybody? What is your opinion? I just find the whole thing very odd.[/quote]
Scarlett, if you don’t mind my asking, would it have made a difference as to whether you would make an offer or not if it was an REO or other type of sale?
Why don’t you just find a property that will work for you and offer whatever you think its worth in accordance with the nearby sold comps and hopefully get an acceptance or counter-offer??
March 6, 2011 at 11:22 PM #675297Participant[quote=Scarlett]…The MLS remarks didn’t mention REO. I am not even sure who dropped the ball or who, if anybody lied to anybody? What is your opinion? I just find the whole thing very odd.[/quote]
Scarlett, if you don’t mind my asking, would it have made a difference as to whether you would make an offer or not if it was an REO or other type of sale?
Why don’t you just find a property that will work for you and offer whatever you think its worth in accordance with the nearby sold comps and hopefully get an acceptance or counter-offer??
March 6, 2011 at 11:59 PM #674173ParticipantI just took a closer look at your listing. The listing WAS changed on 11/24/10. This was two days after the trustees sale.
*****
http://www.redfin.com/CA/San-Diego/9521-…
Listing last changed
November 24, 2010, 8:29 AMNov 22, 2010 Sold (Public Records)
This home was sold at a foreclosure auction $87,000 — Public Records*****
It appears that the WGJ Trust may have purchased the property at the sale, rather than from CB&T. Perhaps UCGal or a Pigg who subscribes to a service could tell you if the WGJ Trust was the TD buyer or bene and/or a jr lienholder in this case, just to be clear.
March 6, 2011 at 11:59 PM #674230ParticipantI just took a closer look at your listing. The listing WAS changed on 11/24/10. This was two days after the trustees sale.
*****
http://www.redfin.com/CA/San-Diego/9521-…
Listing last changed
November 24, 2010, 8:29 AMNov 22, 2010 Sold (Public Records)
This home was sold at a foreclosure auction $87,000 — Public Records*****
It appears that the WGJ Trust may have purchased the property at the sale, rather than from CB&T. Perhaps UCGal or a Pigg who subscribes to a service could tell you if the WGJ Trust was the TD buyer or bene and/or a jr lienholder in this case, just to be clear.
March 6, 2011 at 11:59 PM #674842ParticipantI just took a closer look at your listing. The listing WAS changed on 11/24/10. This was two days after the trustees sale.
*****
http://www.redfin.com/CA/San-Diego/9521-…
Listing last changed
November 24, 2010, 8:29 AMNov 22, 2010 Sold (Public Records)
This home was sold at a foreclosure auction $87,000 — Public Records*****
It appears that the WGJ Trust may have purchased the property at the sale, rather than from CB&T. Perhaps UCGal or a Pigg who subscribes to a service could tell you if the WGJ Trust was the TD buyer or bene and/or a jr lienholder in this case, just to be clear.
March 6, 2011 at 11:59 PM #674980ParticipantI just took a closer look at your listing. The listing WAS changed on 11/24/10. This was two days after the trustees sale.
*****
http://www.redfin.com/CA/San-Diego/9521-…
Listing last changed
November 24, 2010, 8:29 AMNov 22, 2010 Sold (Public Records)
This home was sold at a foreclosure auction $87,000 — Public Records*****
It appears that the WGJ Trust may have purchased the property at the sale, rather than from CB&T. Perhaps UCGal or a Pigg who subscribes to a service could tell you if the WGJ Trust was the TD buyer or bene and/or a jr lienholder in this case, just to be clear.
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