Sunday, November 30th, 2008 at 10:20 AM
Latest Foreclosure Counts
The category in the right column called ‘San Diego County REOs’ has been updated with the latest NOTS and REO lists. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
It looks like the properties that have been in foreclosure are getting pushed through the system, but that the new NODs have slowed to a trickle.
Here are the counts:
| Week | NOD | NOT | REO |
| Nov 4 | 438 | 393 | 217 |
| Nov11 | 176 | 502 | 149 |
| Nov18 | 177 | 129 | 58 |
| Nov25 | 94 | 448 | 389 |
| Totals | 885 | 1,672 | 813 |
The week listed above is when my source includes them on their website, which is typically about a month after the actual trustee sales.
Here are a few of the REOs – look for them on the open market before long:
| Town or Area | Street Address | Sq. Ft. | Bank’s Bid at TS |
| Carlsbad | 6628 Sitio Sago | 3,476sf | $801,588 |
| La Costa | 7753 Primavera | 2,268sf | $504,050 |
| La Costa | 7115 Manzanita | 1,517sf | $627,218 |
| LC Greens | 6809 Jade | 3,779sf | $1,093,860 |
| Encinitas | 561 Rockport | 1,279sf | $405,998 |
| West RB | 16257 Lone Bluff | 2,886sf | $543,750 |
| Crosby | 16834 Stagecoach Pass | 4,021sf | $501,000 (TS amount was $1.233M) |
| Ivy Gate | 10264 Winecreek Ct. | 4,205sf | $1,012,000 |
I think that, if there would have been other bidders for the Stagecoach Pass property, the amount would have been bid up higher. The original two loans totalling $1.475 million were originally funded by the same lender. The first mortgage was originally $1,179,200, so they’re the owner now, and I’d guess their new list price will be around $1.0 to $1.1 million. The former owners didn’t try to sell, so they may be enjoying a couple of more months of free rent before vacating.
Posted on Sunday, November 30th, 2008 at 10:20 AM in Foreclosure Count, Foreclosures/REOs, REO Counts | 2 Comments » | 
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It looks like Stagecoach Pass was owned by an investor. Also, the opening bid at the trustee sale was $1,000. Nobody bid that up to find out the true minimum, but I bet it would have been higher than $501,000.
IRE | December 1st, 2008 at 8:34 amI saw that the 10264 Winecreek Ct property sold on 10/12/08 for $1,012,000??
Anonymous | December 5th, 2008 at 1:58 pm