Have any doubts about foreclosures moving up the food chain? Check out these higher-end properties - they have received their notices of trustee sale, and will be on the couthouse steps in the next few weeks:
Town/Amount Owed/Trustee Sale date
Carlsbad
3553 Calle Palmito $1,071,433 7/24/08
3570 Calle Palmito $1,756,702 7/31/08
6493 Wayfinders $998,893 8/6/08
7365 Calle Conifera $1,102,102 8/7/08
6562 Petunia $1,029,411 8/11/08
6443 Merlin $902,675 8/15/08
1005 Canvasback $1,126,742 8/18/08
Carmel Valley (92130)
4442 Shorepointe $997,230 7/23/08
Del Mar
13443 Caminito Carmel $1,070,985 8/7/08
1157 Highland $1,264,195 8/11/08
Encinitas
574 Park $1,046,317 7/23/08
La Jolla
254 Playa del Norte $2,208,841 7/23/08
6616 Tyrian $1,261,558 7/28/08
2497 Darlington Row $1,005,793 7/31/08
5491 Bahia $1,626,079 8/1/08
5712 Rutgers $1,788,665 8/11/08
Mission/Pacific Beach
3333 Ocean Front Walk #4 $1,074,933 7/25/08
1040 Van Nuys $1,152,701 8/1/08
2056 Emerald $989,997 8/14/08
Rancho Santa Fe
7965 Camino de Arriba $2,208,841 7/24/08
6347 Las Colinas $1,761,385 7/28/08
4538 Via Gaviota $2,421,936 7/28/08
16625 Via de la Valle $1,684,797 7/28/08
4S/Santaluz (92127)
1007 Winecrest $1,400,858 7/25/08
16834 Stagecoach Pass $1,233,165 7/28/08
7436 Rancho Cabrillo $1,063,825 7/30/08
14629 Arroyo Hondo $1,463,731 8/5/08
17075 San Antonio Rose $1,317,626 8/21/08
7419 Rancho Cabrillo $1,089,316 8/25/08
17165 San Antonio Rose $1,128,063 9/3/08
The lenders and trustees are still doing a miserable job of informing the public of what the minimum bids will be on these - none have an opening bid published at this time, and some of the sale dates are this week! Possible bidders are reluctant to get a cashier's check and go down to the courthouse without knowing what to expect, price-wise - and here's an example of what can happen:
7071 Cordgrass, Carlsbad
4 br/4.5 ba, 3,199 sf
$300,000 in upgrades
$1,541,249 owed
$880,000 opening bid on 7/16/08
no bidders, back to beneficiary
If people knew that they could buy a newer 3,200sf house with a load of upgrades and nice ocean view for $880,000, I'm pretty sure they'd take advantage of it. But nobody knew - or they didn't have all-cash, another problem with properties sold at the courthouse steps. I'll cautiously mention that I have arranged private financing for those who have their eye on a defaulting property, but are a little short of the total needed to buy one at the courthouse steps. Contact me for more details.
On a side note, please endure the new formatting inflicted upon us by my blog host. Much like Sandicor, they have rolled out a new package and are trying to fix it along the way. Crazy changes too - for example, they took away the ability to all-justify a paragraph. You can justify right, left, or center, but not all-justify like it used to. Adding images got messed up too.