Which price should I trust?

[afirsthomeowner]

Thanks UCGal for your quick feedback. For the sold dates, they are different. But what surprised me is the first sold price (public record, dated one week earlier) is higher, for which I thought the house was bought back by the Bank, than the listed sold price (based on MLS)… I kind get confused by that…

[UCGal]

I just came across an example of what you probably saw… a little public database record diving gave the story…

http://www.sdlookup.com/MLS-100007977-6638_Wellesly_Pl_San_Diego_CA_92122

New listing – for $585k. On the comments jpinpb had noted it was shadow inventory emerging.. She’d previously noted an NOD on it.

I checked redfin and it showed a sale that didn’t show on sdlookup. On 2/1/2010 it sold for $626k.

So I looked up the property tax records using the APN on the listing.
(sdtreastax.com)
Then I took the name from the property taxes and did a grant deed lookup on that name.

Bingo – there was a trustees deed on 2/1.
Since it didn’t show in fidelityasap.com (I’ve been tracking University City pretty closely – I’m pretty sure I would have seen it) I assume it was a deed in lieue of forclosure. But I could be completely wrong.

Regardless, it’s a house that is now on the market and not in the shadows. Bank owned. Listed for $30k less than it was “sold” for in the trustee deed transaction.

[UCGal]

I just came across an example of what you probably saw… a little public database record diving gave the story…

http://www.sdlookup.com/MLS-100007977-6638_Wellesly_Pl_San_Diego_CA_92122

New listing – for $585k. On the comments jpinpb had noted it was shadow inventory emerging.. She’d previously noted an NOD on it.

I checked redfin and it showed a sale that didn’t show on sdlookup. On 2/1/2010 it sold for $626k.

So I looked up the property tax records using the APN on the listing.
(sdtreastax.com)
Then I took the name from the property taxes and did a grant deed lookup on that name.

Bingo – there was a trustees deed on 2/1.
Since it didn’t show in fidelityasap.com (I’ve been tracking University City pretty closely – I’m pretty sure I would have seen it) I assume it was a deed in lieue of forclosure. But I could be completely wrong.

Regardless, it’s a house that is now on the market and not in the shadows. Bank owned. Listed for $30k less than it was “sold” for in the trustee deed transaction.

[UCGal]

I just came across an example of what you probably saw… a little public database record diving gave the story…

http://www.sdlookup.com/MLS-100007977-6638_Wellesly_Pl_San_Diego_CA_92122

New listing – for $585k. On the comments jpinpb had noted it was shadow inventory emerging.. She’d previously noted an NOD on it.

I checked redfin and it showed a sale that didn’t show on sdlookup. On 2/1/2010 it sold for $626k.

So I looked up the property tax records using the APN on the listing.
(sdtreastax.com)
Then I took the name from the property taxes and did a grant deed lookup on that name.

Bingo – there was a trustees deed on 2/1.
Since it didn’t show in fidelityasap.com (I’ve been tracking University City pretty closely – I’m pretty sure I would have seen it) I assume it was a deed in lieue of forclosure. But I could be completely wrong.

Regardless, it’s a house that is now on the market and not in the shadows. Bank owned. Listed for $30k less than it was “sold” for in the trustee deed transaction.

[UCGal]

I just came across an example of what you probably saw… a little public database record diving gave the story…

http://www.sdlookup.com/MLS-100007977-6638_Wellesly_Pl_San_Diego_CA_92122

New listing – for $585k. On the comments jpinpb had noted it was shadow inventory emerging.. She’d previously noted an NOD on it.

I checked redfin and it showed a sale that didn’t show on sdlookup. On 2/1/2010 it sold for $626k.

So I looked up the property tax records using the APN on the listing.
(sdtreastax.com)
Then I took the name from the property taxes and did a grant deed lookup on that name.

Bingo – there was a trustees deed on 2/1.
Since it didn’t show in fidelityasap.com (I’ve been tracking University City pretty closely – I’m pretty sure I would have seen it) I assume it was a deed in lieue of forclosure. But I could be completely wrong.

Regardless, it’s a house that is now on the market and not in the shadows. Bank owned. Listed for $30k less than it was “sold” for in the trustee deed transaction.

[UCGal]

I just came across an example of what you probably saw… a little public database record diving gave the story…

http://www.sdlookup.com/MLS-100007977-6638_Wellesly_Pl_San_Diego_CA_92122

New listing – for $585k. On the comments jpinpb had noted it was shadow inventory emerging.. She’d previously noted an NOD on it.

I checked redfin and it showed a sale that didn’t show on sdlookup. On 2/1/2010 it sold for $626k.

So I looked up the property tax records using the APN on the listing.
(sdtreastax.com)
Then I took the name from the property taxes and did a grant deed lookup on that name.

Bingo – there was a trustees deed on 2/1.
Since it didn’t show in fidelityasap.com (I’ve been tracking University City pretty closely – I’m pretty sure I would have seen it) I assume it was a deed in lieue of forclosure. But I could be completely wrong.

Regardless, it’s a house that is now on the market and not in the shadows. Bank owned. Listed for $30k less than it was “sold” for in the trustee deed transaction.

[afirsthomeowner]

Ah, that sounds right… Thanks for your enlightening help.

[afirsthomeowner]

Ah, that sounds right… Thanks for your enlightening help.

[afirsthomeowner]

Ah, that sounds right… Thanks for your enlightening help.

[afirsthomeowner]

Ah, that sounds right… Thanks for your enlightening help.

[afirsthomeowner]

Ah, that sounds right… Thanks for your enlightening help.

[briansd1]

good work UCGal. If only most buyers took the time to know their local markets….

[briansd1]

good work UCGal. If only most buyers took the time to know their local markets….

[briansd1]

good work UCGal. If only most buyers took the time to know their local markets….

[briansd1]

good work UCGal. If only most buyers took the time to know their local markets….

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