This property is 1042 Via Media, which was on the market as a short sale from January through May. The bank wanted $1,100,000 to approve it as a short sale and a sale did not go through. Foreclosure Radar shows a notice of sale, with a trustee sale date (foreclosure date) of 6/27/2011, but also indicateds postponed due to bankruptcy, so it is possible that nothing will be happening with this property for a while.
J. Rockcliff, Realtors
The published bid is $1,528,728
BUT! It's postponed for bankruptcy. Even if it's listed for sale as a short sale, the fact that the seller is filing for bankruptcy is throwing a major monkey wrench in this process.
If you haven't gone through an auction at the county courthouse (Contra Costa or Alameda county, you may want to go at least once and observe how it's done. if you've never bid at an auction before you will be in at a disadvantage competing against seasoned and veteran bidders.
Go to youtube and look county courthouse auction -- there are quite a few videos there.