Old Spanish Under $200,000?

This house was foreclosed on February 4, 2008 when the previous owner owed $435,000.

The bank re-sold it to this guy for $285,000, and he put 20% down on 7/10/08 – and by then borrowers had to qualify for their mortgage.

Ten months later his NOD was filed, in May 2009. It was foreclosed again on 3/18/2011:

Jim the Realtor

Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!

5 Comments

Kate Johnson on March 27, 2011 at 8:15 am

Looks like a job for Tom Tarrant!
College joe on March 27, 2011 at 10:29 am

Jim,
there are people living in the split level nantucket home. The lot behind fell out of
escrow…for sale: $3,000,000

and most interesting is the permit to move the low income lot ro a place on Vulcan. You might want to check that out, something is actually happening!
GameAgent on March 27, 2011 at 12:21 pm

About 2 miles west of that house, PSA Flight 182 crashed in 1978.

http://en.wikipedia.org/wiki/PSA_Flight_182
tj & the bear on March 27, 2011 at 2:30 pm

More of them “premium properties”! 🙂
Another Investor on March 27, 2011 at 4:08 pm

What’s the lot worth?