[waterboy]

It was 5832 Caminito Empresa. Auctioned off in April 07 to a private party that is currently flipping it. It just went pending this past week and is listed in the $799k-$850K range.

I was at the auction on Broadway downtown but wasn’t sure how the process worked as I had just found out about it late the night before. Wasn’t going to risk approx. $650k without knowing all details. Would have liked to live in that house at that price for the next 10+ years, but other opportunities will come around.

-waterboy

[waterboy]

It was 5832 Caminito Empresa. Auctioned off in April 07 to a private party that is currently flipping it. It just went pending this past week and is listed in the $799k-$850K range.

I was at the auction on Broadway downtown but wasn’t sure how the process worked as I had just found out about it late the night before. Wasn’t going to risk approx. $650k without knowing all details. Would have liked to live in that house at that price for the next 10+ years, but other opportunities will come around.

-waterboy

[waterboy]

The best deal I’ve seen in a while from a La Jolla foreclosure was a 3 bed/2.5 bath just about 2200sq ft in the gated community of Ventana that went for $637k at auction a few months back as homes have still been selling in the low to mid $900s there.

[waterboy]

The best deal I’ve seen in a while from a La Jolla foreclosure was a 3 bed/2.5 bath just about 2200sq ft in the gated community of Ventana that went for $637k at auction a few months back as homes have still been selling in the low to mid $900s there.

[waterboy]

The best deal I’ve seen in a while from a La Jolla foreclosure was a 3 bed/2.5 bath just about 2200sq ft in the gated community of Ventana that went for $637k at auction a few months back as homes have still been selling in the low to mid $900s there.

[waterboy]

Thanks for pointing this out. I just don’t see why anybody would purchase now unless they can comfortably afford and were able to purchase for a price/% discount that is similar to the story above. Especially when it is an area that has had lots of recent development or homes that are still being built.

[waterboy]

Thanks for pointing this out. I just don’t see why anybody would purchase now unless they can comfortably afford and were able to purchase for a price/% discount that is similar to the story above. Especially when it is an area that has had lots of recent development or homes that are still being built.

[waterboy]

Thanks for pointing this out. I just don’t see why anybody would purchase now unless they can comfortably afford and were able to purchase for a price/% discount that is similar to the story above. Especially when it is an area that has had lots of recent development or homes that are still being built.

[waterboy]

I believe you can also put up to $1MM in money market with firms such as Edward Jones or LPL Financial as they split your money up between 10 different banks so it is all insured. I believe the rates are above 4.5% for $500k or more.

[waterboy]

I believe you can also put up to $1MM in money market with firms such as Edward Jones or LPL Financial as they split your money up between 10 different banks so it is all insured. I believe the rates are above 4.5% for $500k or more.

[waterboy]

I believe you can also put up to $1MM in money market with firms such as Edward Jones or LPL Financial as they split your money up between 10 different banks so it is all insured. I believe the rates are above 4.5% for $500k or more.

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