Home › Forums › Closed Forums › Properties or Areas › SFR down 25% in La Jolla from 2003 to now: 1415 Cottontail Ln
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XBoxBoy.
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April 23, 2009 at 10:36 PM #387196April 23, 2009 at 11:12 PM #386570
Eugene
Participant[quote=SD Realtor]xbox it is not pending anymore BUT on the MLS it is pending but that is the case of a REMAX listing agent being asleep at the wheel and listing the property as pending during the short sale process and forgetting to cancel the listing. Good to see she is on top of things.
At any rate the current owner according to the realist tax roll is Morgan Stanley Trust. To be honest, I cannot say if that is the investment bank or a private trust that happens to have the same name. So I do not want to make a conclusive statement of whether it went back to the bank or not. [/quote]
It does appear to have gone back to the bank, previous owner was “CASAQUITE VIVIEN”. A possibility is that someone forgot to postpone the trustee sale, and it will be rescinded soon.
April 23, 2009 at 11:12 PM #386834Participant[quote=SD Realtor]xbox it is not pending anymore BUT on the MLS it is pending but that is the case of a REMAX listing agent being asleep at the wheel and listing the property as pending during the short sale process and forgetting to cancel the listing. Good to see she is on top of things.
At any rate the current owner according to the realist tax roll is Morgan Stanley Trust. To be honest, I cannot say if that is the investment bank or a private trust that happens to have the same name. So I do not want to make a conclusive statement of whether it went back to the bank or not. [/quote]
It does appear to have gone back to the bank, previous owner was “CASAQUITE VIVIEN”. A possibility is that someone forgot to postpone the trustee sale, and it will be rescinded soon.
April 23, 2009 at 11:12 PM #387027Participant[quote=SD Realtor]xbox it is not pending anymore BUT on the MLS it is pending but that is the case of a REMAX listing agent being asleep at the wheel and listing the property as pending during the short sale process and forgetting to cancel the listing. Good to see she is on top of things.
At any rate the current owner according to the realist tax roll is Morgan Stanley Trust. To be honest, I cannot say if that is the investment bank or a private trust that happens to have the same name. So I do not want to make a conclusive statement of whether it went back to the bank or not. [/quote]
It does appear to have gone back to the bank, previous owner was “CASAQUITE VIVIEN”. A possibility is that someone forgot to postpone the trustee sale, and it will be rescinded soon.
April 23, 2009 at 11:12 PM #387075Participant[quote=SD Realtor]xbox it is not pending anymore BUT on the MLS it is pending but that is the case of a REMAX listing agent being asleep at the wheel and listing the property as pending during the short sale process and forgetting to cancel the listing. Good to see she is on top of things.
At any rate the current owner according to the realist tax roll is Morgan Stanley Trust. To be honest, I cannot say if that is the investment bank or a private trust that happens to have the same name. So I do not want to make a conclusive statement of whether it went back to the bank or not. [/quote]
It does appear to have gone back to the bank, previous owner was “CASAQUITE VIVIEN”. A possibility is that someone forgot to postpone the trustee sale, and it will be rescinded soon.
April 23, 2009 at 11:12 PM #387215Participant[quote=SD Realtor]xbox it is not pending anymore BUT on the MLS it is pending but that is the case of a REMAX listing agent being asleep at the wheel and listing the property as pending during the short sale process and forgetting to cancel the listing. Good to see she is on top of things.
At any rate the current owner according to the realist tax roll is Morgan Stanley Trust. To be honest, I cannot say if that is the investment bank or a private trust that happens to have the same name. So I do not want to make a conclusive statement of whether it went back to the bank or not. [/quote]
It does appear to have gone back to the bank, previous owner was “CASAQUITE VIVIEN”. A possibility is that someone forgot to postpone the trustee sale, and it will be rescinded soon.
April 23, 2009 at 11:22 PM #386585SD Realtor
ParticipantIt could have happened that way Eugene and I have seen that happen before. If the loss mitigation dept does not keep reminding the legal dept to postpone then oops… bye bye property…
However in this case given the length of time it was taken off the market, I believe that the short sale just did not work because whatever was offered was not high enough.
Just a guess though. My bet is that we do not see this one get rescinded.
April 23, 2009 at 11:22 PM #386848ParticipantIt could have happened that way Eugene and I have seen that happen before. If the loss mitigation dept does not keep reminding the legal dept to postpone then oops… bye bye property…
However in this case given the length of time it was taken off the market, I believe that the short sale just did not work because whatever was offered was not high enough.
Just a guess though. My bet is that we do not see this one get rescinded.
April 23, 2009 at 11:22 PM #387041ParticipantIt could have happened that way Eugene and I have seen that happen before. If the loss mitigation dept does not keep reminding the legal dept to postpone then oops… bye bye property…
However in this case given the length of time it was taken off the market, I believe that the short sale just did not work because whatever was offered was not high enough.
Just a guess though. My bet is that we do not see this one get rescinded.
April 23, 2009 at 11:22 PM #387091ParticipantIt could have happened that way Eugene and I have seen that happen before. If the loss mitigation dept does not keep reminding the legal dept to postpone then oops… bye bye property…
However in this case given the length of time it was taken off the market, I believe that the short sale just did not work because whatever was offered was not high enough.
Just a guess though. My bet is that we do not see this one get rescinded.
April 23, 2009 at 11:22 PM #387230ParticipantIt could have happened that way Eugene and I have seen that happen before. If the loss mitigation dept does not keep reminding the legal dept to postpone then oops… bye bye property…
However in this case given the length of time it was taken off the market, I believe that the short sale just did not work because whatever was offered was not high enough.
Just a guess though. My bet is that we do not see this one get rescinded.
April 23, 2009 at 11:35 PM #386594Participant[quote=SD Realtor]It could have happened that way Eugene and I have seen that happen before. If the loss mitigation dept does not keep reminding the legal dept to postpone then oops… bye bye property…
However in this case given the length of time it was taken off the market, I believe that the short sale just did not work because whatever was offered was not high enough.
Just a guess though. My bet is that we do not see this one get rescinded. [/quote]
It was still listed 3/23 and trustee sale took place 4/7 … wouldn’t it be unusually quick for banks to decline the short sale and decide to foreclose less than two weeks after getting an offer?
It does not look like it’s been rescinded YET, and it’s been two weeks already … so you may be right.
April 23, 2009 at 11:35 PM #386858Participant[quote=SD Realtor]It could have happened that way Eugene and I have seen that happen before. If the loss mitigation dept does not keep reminding the legal dept to postpone then oops… bye bye property…
However in this case given the length of time it was taken off the market, I believe that the short sale just did not work because whatever was offered was not high enough.
Just a guess though. My bet is that we do not see this one get rescinded. [/quote]
It was still listed 3/23 and trustee sale took place 4/7 … wouldn’t it be unusually quick for banks to decline the short sale and decide to foreclose less than two weeks after getting an offer?
It does not look like it’s been rescinded YET, and it’s been two weeks already … so you may be right.
April 23, 2009 at 11:35 PM #387052Participant[quote=SD Realtor]It could have happened that way Eugene and I have seen that happen before. If the loss mitigation dept does not keep reminding the legal dept to postpone then oops… bye bye property…
However in this case given the length of time it was taken off the market, I believe that the short sale just did not work because whatever was offered was not high enough.
Just a guess though. My bet is that we do not see this one get rescinded. [/quote]
It was still listed 3/23 and trustee sale took place 4/7 … wouldn’t it be unusually quick for banks to decline the short sale and decide to foreclose less than two weeks after getting an offer?
It does not look like it’s been rescinded YET, and it’s been two weeks already … so you may be right.
April 23, 2009 at 11:35 PM #387101Participant[quote=SD Realtor]It could have happened that way Eugene and I have seen that happen before. If the loss mitigation dept does not keep reminding the legal dept to postpone then oops… bye bye property…
However in this case given the length of time it was taken off the market, I believe that the short sale just did not work because whatever was offered was not high enough.
Just a guess though. My bet is that we do not see this one get rescinded. [/quote]
It was still listed 3/23 and trustee sale took place 4/7 … wouldn’t it be unusually quick for banks to decline the short sale and decide to foreclose less than two weeks after getting an offer?
It does not look like it’s been rescinded YET, and it’s been two weeks already … so you may be right.
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