how do I find out which bank is managing this foreclosure?

Helen Blau
Home Buyer
Menlo Park, CA

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This question is about this property: http://www.trulia.com/foreclosure/2003731911--Pecora-Way-Por…

Answers (2)
John Barman, The...
Agent
Palo Alto, CA

Hi Helen,

If you'd like to contact me directly, I can provide this information to you. In the interest of maintaining owner privacy, however, I won't post it here.

There are several things you should be aware of regarding this property, however:

First, I see no indication that the owner is looking to sell the property at this time. I live in Ladera and haven't heard any whispers that this property is about to go on the market (to be fair, I don't always hear ahead of time!).

Secondly, the property is in pre-foreclosure, meaning the owner is behind in their payments. There could be numerous reasons for this. Even if it does go through the foreclosure process, it may be months before it comes on the market - if at all.

Regarding value, I'd have to see which home this is to be sure, but unless it is a teardown, the true value of the home on the open market is probably at least $1.3M-$1.4M or more.

Please let me know if you'd like more information.

John Barman
Coldwell Banker
c: 650.380.8440
john.barman@cbnorcal.com

Mon Mar 30 2009, 10:32
Hannah Fliegel
Real Estate Pro
Corte Madera, CA
FIRST ANSWER

Hi Helen,

You can call your local title company in Menlo Park and get a title committment report and see all the liens and who is in first position to foreclosure, lender in first position, lender in second position, etc.
Good luck!

http://www.foreclosureoptionsnetwork.com

Sun Mar 29 2009, 20:17

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