Home Buying in Camarillo>Question Details

Lotus, Home Buyer in Pasadena, CA

Do you have any information on the status of the listed property located at 5467 Quailridge Dr., Camarillo?

Asked by Lotus, Pasadena, CA Thu Dec 25, 2008

The property was listed for short sale for a brief period earlier this year. There was no transfer information found in the public record. Would appreciate any information on the status of the property if it is still in the process of short sale or it is foreclosed. I am interested in this property. What's next? Thanks.

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Hi Lotus,

Here's the updated MLS report for the Mission Delmonte housing tract here in Camarillo. No more news on the Quailridge property, as it did not revert back to the bank.

Also, I have a Short Sale listing that is identical to the Quailridge and still available for showings:
http://www.MissionOaksCamarillo.com/
Property details can also been seen on the link below:
0 votes Thank Flag Link Tue Feb 10, 2009
Lotus,

The short sale market is about to get very interesting. It is being reported that over 50% of all the loans that have received modification are ending back up in default. This will either encourage the banks to cooperate on short sales or it will definitely drive more properties into the REO market.
Web Reference: http://www.homwbuysblog.com
0 votes Thank Flag Link Fri Dec 26, 2008
Hello Lotus,

I reviewed the information on the MLS pertaining to this property. I believe, from the information I read, that the Owners may be in the process of modifying their loan OR they may actually still be awaiting lender approval of the short sale. The property has NOT reverted back to the Lender (World Savings on the 1st and 2nd Liens). Agent Remarks said "Show cold with confidence. PLEASE DON'T LET THE CATS OUT. Short Sale: Price and terms subject to Lender approval". I will call tomorrow to see if I can find out more details. In the interim, here's the LAST MLS detail report:

http://vcrdsmls.rapmls.com/scripts/mgrqispi.dll?APPNAME=vcrd…

And, here's a link to ALL the listings (from '06):
http://vcrdsmls.rapmls.com/scripts/mgrqispi.dll?APPNAME=vcrd…


Also, here's a current Market Snapshot for similar homes near the Mission Delmonte tract in Mission Oaks:
0 votes Thank Flag Link Thu Dec 25, 2008
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