Property Q&A in Fremont>Question Details

Diana, Home Buyer in Fremont, CA

When the property at Ute Court available to buy? what is the address number at Ute Court property ?

Asked by Diana, Fremont, CA Fri Dec 5, 2008

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Hi Diana,
Your question is "when is it available to buy". This home is in foreclosure, you will be able to bid on this on the foreclosure date. There will, more than likely, be several bidders on this home. Having said that, anyone bidding on any foreclosure should do research in order to find out if there are additional liens against the home. In this case, the $163K may be a second mortgage and if the second forecloses, then the new owner would be responsible for the payment of the first mortgage.

The approx. value of the home is $950,000-1,000,000 depending on updates, upgrades, & condition.

Brian Ripp, Broker, CRS, GRI
Realty World-Viking Realty
Realtor since 1985
2 votes Thank Flag Link Fri Dec 5, 2008

Of the four properties that match the square footage on Ute Court, none have a matching loan amount and none have a lender showing on the public record (once a lender shows on the public record, it means it is owned by a bank). 1607 Ute has been on the market for quite a while – it is currently listed at $999,888, certainly nowhere near the RealtyTrac number.

If you’d like to see the existing listing at 1607 Ute, I’d love to arrange it for you.
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0 votes Thank Flag Link Fri Dec 5, 2008

I will check for you to see when this will be on the market. HOWEVER ... it will not be anywhere near this price. The price you are seeing is for one of the loans on the property - not the value of the property. When it goes on the market, it will be at very close to market value.

Let me know if you have any more questions - RealtyTrac listings can be VERY misleading.
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0 votes Thank Flag Link Fri Dec 5, 2008
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