This is a Great Read...

It says it like it is. Enjoy...

Trouble in Hedgistan

We are in a Race Now

The foreclosures certainly aren't letting up; nor do I expect them to anytime soon. It is as if the plug has been pulled on some giant tub - you don't recognize at first that the water is actually being let out. But, underneath the calm and placid surface the under current is pulling first at the loose silt that is at the bottom. Boy, is that corny.

Well anyway here is another NOD that just made its first appearance in the Ledger Dispatch.

This one was purchased way back in 05/2005. This is beginning to sound like a broken record. Seems as if the bulk of these places were purchased around 2 years ago. Now let me see (scratch head), I wonder why that could be. Hmm....

Oh, I know! Could it be that it was the time that sheeple were running to and fro seeking real estate and a ridiculous mortgage that they could devour? Remember when your friends said "You better buy now, or you'll be priced out of the market forever"? Seems kind of funny now. I hope you didn't listen.

Anyway, this place was picked up for about $257/sq foot. I am sure it seemed like a bargain back then, but wait a few more months and check again.

Here is the history:

2680 Quiver Drive
Property Features
Interior Area: 1280 ft2
Year Built: 1987
Sales History
Sold: 5/20/2005
Price: $329,000

Currently, Zestimate puts them in at $344,567. Somehow, I don't think that is near accurate, though, I have never known them to be wrong.

PUBLIC NOTICE NOTICE OF TRUSTEE'S SALE T.S. No. FD-105031-C Loan No. 0324325646 YOU ARE IN DEFAULT UNDER A DEED OF TRUST DATED 5/11/2005...Recorded 5/20/2005 as Instrument No. 2005-0006017-00 in Book , page of Official Records in the office of the Recorder of Amador County, California, Date of Sale:8/8/2007 at 12:00 PM Place of Sale: AT THE MAIN ENTRANCE TO THE AMADOR COUNTY COURTHOUSE LOCATED AT 500 ARGONAUT LANE, JACKSON, CALIFORNIA Property Address is purported to be: 2680 QUIVER DRIONE, CA 95640 APN #: 003-752-002-000 The total amount secured by said instrument as of the time of initial publication of this notice is $274,269.68

Wining About Real Estate...

Apparently the Notice of Default craze has hit more than residential McMansions and subprime borrowers. We are now raising our glass to a new and less palatable real estate market that is a delicate balance between non full-bodied financial ingenuity and meager qualified pickings, that in the end produce no fruit and even less flavor in the already frothy market. Cheers and get ready to be crushed!

I am sure that the holder of this note is drunk with excitement (from The Ledger Dispatch):

PUBLIC NOTICE Trustee Sale No. FC15905-11 Loan No. 00000390916815 Title Order No. F700376 APN 007-130-007-000 TRA No. NOTICE OF TRUSTEE'S SALE YOU ARE IN DEFAULT UNDER A DEED OF TRUST DATED 7/26/2000. UNLESS YOU TAKE ACTION TO PROTECT YOUR PROPERTY, IT MAY BE SOLD AT A PUBLIC SALE. IF YOU NEED AN EXPLANATION OF THE NATURE OF THE PROCEEDINGS AGAINST YOU, YOU SHOULD CONTACT A LAWYER. On 7/31/2007...The street address and other common designation, if any, of the real property described above is purported to be: 21339 Dickson Way, Plymouth, CA 95669...Said sale will be made, but without covenant or warranty, expressed or implied, regarding title, possession, or encumbrances, to pay the remaining principal sum of the note(s) secured by said Deed of Trust, with interest thereon, as provided in said note(s), advances, if any, under the terms of the Deed of Trust, estimated fees, charges and expenses of the Trustee and of the trusts created by said Deed of Trust, to wit: $506,100.41

Serenidad (Spanish for "Serenity") is a boutique family winery specializing in estate-grown Zinfandels, Sauvingnon Blanc and Cabernet Sauvignon. Nestled atop a hill of rolling vineyards, blessed by the richness of it's mineral, sandy-loam, rocky soil, Serenidad vines labor yearly to produce fine vintages above the steep slopes of the Indian Creek Gorge. We welcome your visit to our tasting room at the end of Dickson Road. Bring a picnic, savor our wines and enjoy the stunning views!

21339 Dickson Way Plymouth, CA 95669

Hey, what is $1/2 a million, when you are currently selling for: $5.3 M (Here is the link)

Property Description
French Chateau Family Estate
6,200 Square Feet (8200 gross space area)
1400 Square Feet of detached buildings
6 Acres