Property Q&A in Tehachapi>Question Details

Diane, Home Buyer in Tehachapi, CA

This states that the property was to be auctioned on 12-29-08. Why is it still listed?

Asked by Diane, Tehachapi, CA Mon Feb 9, 2009

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This question is about this property: http://www.trulia.com/foreclosure/2003406416--Preakness-Dr-T…

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Hi Diane,
Sometime after the property is auctioned off, if the property did not go for the amount of money the lender who owns the property wants, the lender rejects the offer and the property goes up for aucton again or is turn or to a Realty Co. to sale the property.
0 votes Thank Flag Link Wed Mar 16, 2011
Diane,

There are many reasons why an auction may be delayed or even cancelled. I can't speak to the reason in this case, but I can give you a brief history.

The previous owner received a Notice of Default (NOD) on 08/06/2008 with a projected auction date of 12/06/2008 for one loan. Then on 08/26/2008 they received another NOD with a projected auction date of 12/26/2008. It appears these are two different loans since the default amounts are significantly different.

Finally, the property was sold to a third party and closed on 02/02/2009.

Although you asked your question more than a year ago, I hope you find this answer helpful. If you are looking for more information on foreclosures or any other real estate topic, please check the website below. An, of course, feel free to call me directly with any questions at 661.375.REAL (7325).
Web Reference: http://HomeSalesSally.com
0 votes Thank Flag Link Wed Sep 29, 2010
Hi Diane -

I show only 2 properties (homes) on Preakness Dr. currently listed. One is a foreclosure and one is not. If you need further information, please contact me.

Tesa Noonan (661) 717-3394
Coldwell Banker Best Realty
0 votes Thank Flag Link Tue Sep 28, 2010
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