Possible Alt-A reset caused REO in invinsible Carmel Valley

[cv2]

Just listed for sale at $800K. It’s a REO and the owner bought it in 2002 for $610K. I assume that the 5 year ARM comes due to reset payments now but do not understand why they do not try to sell it themselves before the foreclosure. Maybe other people can shine some lights on this.

http://www.sdlookup.com/MLS-080055417-12979_Claymont_San_Diego_Ca_92130

[PadreBrian]

Yeah weird.

But, I’ll bet US funny money that it was a house ATM issue.

[PadreBrian]

Yeah weird.

But, I’ll bet US funny money that it was a house ATM issue.

[PadreBrian]

Yeah weird.

But, I’ll bet US funny money that it was a house ATM issue.

[PadreBrian]

Yeah weird.

But, I’ll bet US funny money that it was a house ATM issue.

[PadreBrian]

Yeah weird.

But, I’ll bet US funny money that it was a house ATM issue.

[SD Realtor]

Actually there are a few foreclosed detached homes in CV for sale.

As for selling it themselves prior to the foreclosure remember they need to satisfy all liens or else title will not convey. This includes outstanding loans AND taxes and any other liens. If they cannot get the balance then they need to contact the lender to sell it short. If they cannot prove to the lender they do not have a sufficient hardship case then the lender may not allow a short sale. They may have traceable assets or something of that nature and they just do not want to pay the lender back.

So… the alternative is to just let it go.

[SD Realtor]

Actually there are a few foreclosed detached homes in CV for sale.

As for selling it themselves prior to the foreclosure remember they need to satisfy all liens or else title will not convey. This includes outstanding loans AND taxes and any other liens. If they cannot get the balance then they need to contact the lender to sell it short. If they cannot prove to the lender they do not have a sufficient hardship case then the lender may not allow a short sale. They may have traceable assets or something of that nature and they just do not want to pay the lender back.

So… the alternative is to just let it go.

[SD Realtor]

Actually there are a few foreclosed detached homes in CV for sale.

As for selling it themselves prior to the foreclosure remember they need to satisfy all liens or else title will not convey. This includes outstanding loans AND taxes and any other liens. If they cannot get the balance then they need to contact the lender to sell it short. If they cannot prove to the lender they do not have a sufficient hardship case then the lender may not allow a short sale. They may have traceable assets or something of that nature and they just do not want to pay the lender back.

So… the alternative is to just let it go.

[SD Realtor]

Actually there are a few foreclosed detached homes in CV for sale.

As for selling it themselves prior to the foreclosure remember they need to satisfy all liens or else title will not convey. This includes outstanding loans AND taxes and any other liens. If they cannot get the balance then they need to contact the lender to sell it short. If they cannot prove to the lender they do not have a sufficient hardship case then the lender may not allow a short sale. They may have traceable assets or something of that nature and they just do not want to pay the lender back.

So… the alternative is to just let it go.

[SD Realtor]

Actually there are a few foreclosed detached homes in CV for sale.

As for selling it themselves prior to the foreclosure remember they need to satisfy all liens or else title will not convey. This includes outstanding loans AND taxes and any other liens. If they cannot get the balance then they need to contact the lender to sell it short. If they cannot prove to the lender they do not have a sufficient hardship case then the lender may not allow a short sale. They may have traceable assets or something of that nature and they just do not want to pay the lender back.

So… the alternative is to just let it go.

[meadandale]

I’m sorry but for $800k, I want granite counter tops and top of the line everything in a 20 year old house. I’m not giving you $800k for the original builder trim for a house that sold for about $275 originally.

[meadandale]

I’m sorry but for $800k, I want granite counter tops and top of the line everything in a 20 year old house. I’m not giving you $800k for the original builder trim for a house that sold for about $275 originally.

[meadandale]

I’m sorry but for $800k, I want granite counter tops and top of the line everything in a 20 year old house. I’m not giving you $800k for the original builder trim for a house that sold for about $275 originally.

[meadandale]

I’m sorry but for $800k, I want granite counter tops and top of the line everything in a 20 year old house. I’m not giving you $800k for the original builder trim for a house that sold for about $275 originally.

[Author]

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