Thursday, July 19, 2007

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

1 comment:

ratlab said...

Yep, I'm seeing quite an uptick of Trustee Sale notices in the AL-D. Anyway for you to list the asking (i.e. wishing) price for some of these homes before they were taken off the market and repo'd? It'll show how upside-down some of these homeowners are.

Good work, keep it up.