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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] for any who thinks SD hasn't fallen yet... Posted by Heidi - Short Sale Realtor on October 10, 2006 at 9:13 PM Here's a story about a property scheduled for auction 10/11/2006. 3/2 Bath Home ~1700 sf in desireable part of Poway. Sold in 17 days during the peak of the market for $976,000 and closed in August 2004. These buyers got 100% financing in 8/2004. ~$685K First ~$295K Second Tomorrow (10/11) the 1st is foreclosing with $708K estimated default. Now there are only 2 comps for homes that size within 1 mile per Realist. 1 sold for $936K and 1 for $740K. A property on the same street that is 2.5 times larger with an extra 2 acres of land and 5bd/5ba, recently sold for $only $950K after 150 days on the market. They originally asked for $1.2M. So - I wonder - if the auction takes place - if this one will get bid up above the $708K estimated default amount. I think I'll go to this auction. I want to see for myself how it plays out. Follow Ups: Follow Up on 10/11 SD Downtown results Heidi - Short Sale Realtor 1:21 PM, 10/11/06 (0) A Bubble of One! Re: for any who thinks SD hasn't fallen yet... JK (The OTHER other JK) 8:14 AM, 10/11/06 (0) 16442 Bridlewood VS 9:28 PM, 10/10/06 (0) Re: for any who thinks SD hasn't fallen yet... Dan 9:26 PM, 10/10/06 (1) Re: for any who thinks SD hasn't fallen yet... Craig in LA 9:53 PM, 10/10/06 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Here's a story about a property scheduled for auction 10/11/2006. : 3/2 Bath Home ~1700 sf in desireable part of Poway. Sold in 17 days during the peak of the market for $976,000 and closed in August 2004. : These buyers got 100% financing in 8/2004. : ~$685K First : ~$295K Second : Tomorrow (10/11) the 1st is foreclosing with $708K estimated default. : Now there are only 2 comps for homes that size within 1 mile per Realist. : 1 sold for $936K and 1 for $740K. : A property on the same street that is 2.5 times larger with an extra 2 acres of land and 5bd/5ba, recently sold for $only $950K after 150 days on the market. They originally asked for $1.2M. : So - I wonder - if the auction takes place - if this one will get bid up above the $708K estimated default amount. : I think I'll go to this auction. I want to see for myself how it plays out. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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