What the Hey?

Another amazing colossal failure of a real estate purchase.

I continually shake my head in disgust and absolute amazement at what is being revealed by all of this - greed, greed, greed...ignorance...I don't know. I guess I'm just a bitter renter (with no debt - ha!)

Another T.S. notice filed on 02/27/08 in the Amador Ledger-Dispatch.

• NOTICE OF TRUSTEE'S SALE T.S No. 1120311-04
• 11656 New York Ranch Road Jackson CA 95642
• Deed of Trust recorded May 25, 2007
• Notice of Sale is: $747,339.77

What in the world? 9 months and it is now being scheduled for auction?!!! Truly incredible. Is that a record?

WhoBoughtWhat has the last sale recorded as $940k. Apparently, the only ones that profited on this were the sellers and the real estate agents. That is a heck of a commission - at 6% that is just about $56k. Wow! Good work if you can get it.

But, wouldn't you know it, NexTag has the value currently at $893k, which, as they say is -$47k "appreciation". I'm sorry, wouldn't that be depreciation? Whatever. Of course, that was as of 12/23/07, so it might have changed a bit since then. Uh...lower, I believe.

Now, check this out. Currently, it appears that the home is for sale (imagine that) for $899k through Sondra Ammons.

However, according to this link, Sondra already sold this once before: Sold for $940k. Will she double dip? Like I said, great work if you can get it.

But, I am not sure if this is an old link or what. It could be...and we don't want to cast any disparaging judgments toward somebody if we don't have all of the facts. So, for now, I will say that this is probably an old link.

Regardless, if you want the real deal (right) you need to get a hold of Thomas Blackman. He's got it listed at $799k.

Will the real steal/deal place stand up?