Property Q&A in Santa Cruz>Question Details

 sophie, Real Estate Pro in

IS this the actual price to start bidding or is this a lease?

Asked by sophie, Mon Jun 20, 2011

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Hi, This is Sandy Wallace here with Keller Williams Realty Santa Cruz. That is one of the Grandview condos they are very nice over on the west side by highway one. They are just about to finish settling a law suit about the construction. This $31,000 is the loan about this may have more than one loan on it. They are selling for $220,000-$280,00 so that is likely where the price will end up.
Good luck and let me know if you would like to look up foreclosures with me?
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0 votes Thank Flag Link Tue Jun 21, 2011

The property is a pre-foreclosure. There was a loan for $187,206 when the current owner bought it and there is a loan for the $31,400. It's hard to say if the first loan has been paid off without looking at a title report but from what I can see, the only loan on this property is the $31,400. You could get a great deal on this property. If you would like more info on how to purchase this property, please contact me by my personal email or you may also call me.
You may also contact me on any other properties you find interesting.

Warm Regards,

0 votes Thank Flag Link Mon Jun 20, 2011
I'd like to have some info on this as well.
0 votes Thank Flag Link Mon Jun 20, 2011
$31k would be the loan amount. The opening bid by the foreclosing entity would likely be far higher than that.

Bryan Myers
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0 votes Thank Flag Link Mon Jun 20, 2011
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