Property Q&A in 92679>Question Details

Julie, Home Buyer in 92679

wondering if this property is still avaiable

Asked by Julie, 92679 Wed Jan 28, 2009

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Hi Julie, I will keep an eye on the property as I live in the adjacent neighborhood. The house is located in the gated community called "Walden" - as you can see on the map, the house is just down the street from the pond for the neighborhood. A unique feature of the community is that the builder - Brock Homes - paid off the Mello/Roos taxes before they built the houses - so the tax base is the lowest in the area. I have sold numerous houses in this neighborhood and would be pleased to assist you. Check out my website for contact information. Thanks and good luck.
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0 votes Thank Flag Link Wed Jan 28, 2009
Hi Julie,

There was a transfer recorded on this property on December 23rd when the bank received title back from their foreclosure process. Realty Trac, the source of the information you see is using this recording as the basis for indicating it is for sale as an REO property. The price they are reporting is the value of the note and any past due payments on the loan when the recording took place. At this point the bank has not listed it "for Sale" with a REALTOR who could publish it to the MLS. Once it is listed, it will at a market value the bank has determined by requesting Broker Price Opinions. This price could be higher or lower than the one Realty Trac has posted. If you are interested in this neighborhood, have a Real Estate Professional monitor the activity so that you can act on it as soon as the listing becomes "active"

Bill M Godwin
First Team Real Estate
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0 votes Thank Flag Link Wed Jan 28, 2009
I think is referring to 31951 Magpie, it is bank owned. They foreclosed on 12/23/2008. If your working with a Realtor have them watch for it. If not, send me an email and I will notify you when it comes on the market.
Also, if you have not been approved for financing, you should do so now. You must submit a approval with your offers on REO properties.
0 votes Thank Flag Link Wed Jan 28, 2009
HI Julie,

Sorry....I don't show any homes listed for sale on Magpie in Trabucco Canyon. If you see any others you like...let me kow.

0 votes Thank Flag Link Wed Jan 28, 2009
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