Foreclosure in Mira Costa>Question Details

denise_mas_2…, Home Buyer in Oceanside, CA

I have a question about the house on Rutgers is this like a regular down payment of 10-20%? Foreclosure / Bank Owned $180,000

Asked by denise_mas_204, Oceanside, CA Sat Jun 22, 2013

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This question was asked from this property: http://www.trulia.com/foreclosure/3116472029--Rutgers-Oceans…

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2
Tony Cannon’s answer
The sales prices often posted on Trulia through data providers like RealtyTrac do not reflect the market value a standard buyer would expect to pay. This home on Rutgers was purchased through a Trustee's sale. Right now, it is difficult to find a home priced under $300,000 in the 92056 zip code. If you are looking for a house under $200,000, you may have to go to Riverside County or consider a condominium to be in North San Diego County.
0 votes Thank Flag Link Sun Jul 28, 2013
Hi Denise,
First of all, it does not need to be your first home for you to use a FHA loan (3.5% down). Also you could use a VA loan if you are active military or a veteran and that could be as little as 0% down.

Financing aside, let's talk about this property. There is only one property currently available on this street and it is 2843 Rutgers and it is listed for $549-$575K. I don't know why RealtyTrac shows it as a bank owned property at $180K still. That was the declared value when it transferred to the broker/owner/seller in March. It does look a bit different now. Here is the link to it's current listing on Trulia:
http://www.trulia.com/property/3117627225-2843-Rutgers-Pl-Oc…

Let me know if I can help you in any additional way. I would be happy to explain what I can about your financing options and about the Oceanside/North County San Diego market. Contact me directly using the information below, anytime.

Sincerely,
​Sinead McAllister-Clifford
Real Estate Broker/ Realtor®

McAllister Homes Real Estate
Residential Sales & Property Management
http://www.McAllisterHomes.com
License 01366009
858-205-5215 CELL
info@mcallisterhomes.com EMAIL
0 votes Thank Flag Link Sat Jun 22, 2013
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