Property Q&A in La Jolla>Question Details

queen, Other/Just Looking in San Diego, CA

this house was supposed to be auctioned on jun 17th. does anyone know what happened?

Asked by queen, San Diego, CA Thu Jun 25, 2009

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This question is about this property: http://www.trulia.com/foreclosure/2005970235--La-Jolla-Ranch…

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Answers

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This property 845 La Jolla Rancho was under the Notice of Default. We had a buyer who was very interested in the home. It was listed and the last time I spoke with the listing agents they were negotiating cash offers significantly over the listing price. Once an offer was accepted, the bank had indicated it would entertain a "short sale", and considering the moratorium that we currently have on foreclosures, there may be time for the short sale to be completed.

Our buyer required a mortgage so our buyer was not in the competition. The home has a great view of the Pacific and is in a great La Jolla neighborhood.

Sharyn and Victoria Crown, Broker Associates
Napolitano GMAC Real Estate
Coronado, CA 92118
0 votes Thank Flag Link Thu Jun 25, 2009
Go to my website http://www.queststarrealty. com and click on the "foreclosure" section on the left to look up the property.
0 votes Thank Flag Link Thu Jun 25, 2009
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