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Are you looking for an experienced agent to help you buy or sell a home? Contact Jim the Realtor!

Carlsbad
(760) 434-5000

Carmel Valley
(858) 560-7700
jim@jimklinge.com


Posted by on Mar 13, 2008 in Thinking of Buying? | 2 comments | Print Print

Trustee Sale Result

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This will go down as one of the better deals of the year – the trustee sale was yesterday for this property at 7951 Sitio Solana in the Ranch development in Carlsbad.  Though it was mentioned here and on several foreclosure sites, only one bidder showed up – and bought it for the minimum bid of $941,426.  There hasn’t been a sale that low for a house of that size, 3,654 sf, in the Ranch since 2000-2001.  The person who got foreclosed was the origianl owner who paid $746,000 in January, 1999.

The floor plan has the master suite on the first floor, and this premium location on a quiet culdesac made it a superior property – the type to keep an eye out for when looking for a house!

2 Comments

  1. That deal is mind boggling. Here I was waiting for the ranch to start selling in the 1.2′s and someone gets in in the mid 9′s. Makes me think hard about paying more attention to the trustee sales.

    Unbelievable.

  2. Jim,

    With the Trustee Sale, do you need to have ALL CASH or can you put a deposit and get financing?

    Todd

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