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Archive for the ‘2xREO’ Category


Friday, October 2nd, 2009 at 11:21 PM

DM Mesa

A few months back after this house was foreclosed for the second time, I went by and found a door open, and peeked inside for a quick look.  There has been workers there ever since, so hopefully we’ll see it back on the market at some point – and maybe get an after-look?

Thursday, August 13th, 2009 at 8:40 PM

2xREO

We knew there would be double REOs – houses that get foreclosed back-to-back.

2612 La Gran Via, Carlsbad

4 br/3 ba, 3,834sf 

$1,100,000  12/05 refi mortgages

$961,006 11/06 Trustee sale O-bid, REO

$876,000  5/07 SP

$733,146  8/09 Trustee sale O-bid, REO

$778,000  8/09 LP

It’s been featured here before, a typical Old La Costa custom with funky floor plan and a smaller back yard.  This former owner was a restauranteur, so we can probably chalk this foreclosure up to the economic downturn?

Interesting to note that the IndyMac current list price is higher than the opening bid at the trustee sale.  We’re going to watch this trend, and remember those lenders who list lower – no reason to buy at the trustee sale if you can get it lower, later.