Thursday, March 20, 2008 at 07:20AM
"Back to Bene"
The trustee sales on these properties produced no bidders, and went 'back to the beneficiary'. The notice-of-trustee-sale amount is what's owed to the bank, and the published number. Normally you can only find out what the opening bid is if you call the trustee a day or two before the sale date. If we keep seeing the opening bids dropping substantially below the amount owed, you'll know that the banks are trying to liquidate right on the steps, rather than list on the open market later. When you see these come on the market, the list price should be around the opening bid, unless they get greedy:
| Street Address | Zip Code | NOTS Amount | Opening Bid |
| 3870 Althea, CBD | 92008 | $607,706 | $567,300 |
| 4336 Highland | 92008 | $1,427,834 | $1,306,400 |
| 2894 Luciernaga | 92009 | $439,727 | $415,000 |
| 2656 Levante | 92009 | $562,469 | $570,444 |
| 2798 El Rastro | 92009 | $807,550 | $650,000 |
| 7598 Cir Sequoia | 92009 | $813,880 | $839,393 |
| 2815 Via Pajado | 92010 | $361,252 | $296,100 |
| 3191 Seabury | 92010 | $623,234 | $510,000 |
| 539 Anchorage | 92011 | $720,981 | $569,500 |
| 258 Cerro | 92024 | $637,577 | $643,968 |
| 343AveDeLosRosa | 92024 | $715,132 | $585,000 |
| 9283 Regents#205 | 92037 | $501,128 | $445,500 |
| 7811 Eads #101 | 92037 | $671,061 | $520,000 |
| 13072 Treecrest | 92064 | $788,592 | $600,000 |
| 13130 Coyotero | 92064 | $441,987 | $366,750 |
| 13863 Olive Grove | 92064 | $453,587 | $429,201 |
| 13603 Fairgate | 92064 | $433,416 | $435,930 |
| 1427 La Loma | 92078 | $621,891 | $435,000 |
| 1168 Westin | 92078 | $426,909 | $340,000 |
| 1434 Sundance | 92078 | $678,053 | $566,100 |
| 209 Marquette | 92078 | $503,088 | $370,000 |
| 1460 Kingport | 92078 | $796,446 | $841,500 |
| 1610 Sagewood | 92078 | $942,239 | $961,119 |
| 16331 Winecreek | 92127 | $1,515,771 | $1,233,000 |
| 18037 Almendro | 92127 | $547,112 | $408,000 |
| 16102 Palomino Vly | 92127 | $1,007,881 | $1,007,881 |
| 17037 Silver Crest | 92127 | $942,487 | $655,000 |
| 14125 Halper | 92127 | $533,109 | $272,000 |
| Average | All | $697,218 | $601,431 |
There was a 14% drop between the average posted Sale Amount, and the actual Opening Bid at the courthouse steps - yet in every case here, there were still no bidders.
Jim the Realtor
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Reader Comments (1)
Wasn't the Highland property the one where the house goes over the property line? Didn't the (previous) owner also buy the other lot so there would/shouldn't be an issue? Wyy don't they package them together?