Property Q&A in Carlsbad>Question Details

Carmela Gonz…, Home Buyer in Carlsbad, CA

If I am interested in this house who can I talk to?

Asked by Carmela Gonzalez, Carlsbad, CA Tue Mar 3, 2009

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3997 Hibiscus was first scheduled for the trustee's sale auction on 2/23/09 and now it looks like it has been postponed to 3/23/09. With such a small judgement amount compared to the value of the property, it seems like the homeowners should be able to prevent foreclosure.

Shoulld the property every make it to the auction, you could go to the courthouse steps to participate if you are willing to pay cash and will take the property sight unseen in "as-is" condition. Heck, if I could get a home for $500,000 under value, I'd be waiting on those courthouse steps every week too.
0 votes Thank Flag Link Tue Mar 3, 2009
Hi Carmela,

You will get a lot of responses from people asking you to look at homes with them. If the home was "sold" at public auction by the bank at $69,000, there is no way it will sell for that amount by the new owner. In the last 12 months, only one property sold on that street at $610,000 on 03/27/08. That means today, it would be worth $550,000 to $575,000.

Best of luck to you,

Mark and Kari Shea
San Diego Real Estate Experts
Foreclosure, Short Sale & Investment Specialists,
Development Opportunities & Traditional Real Estate
0 votes Thank Flag Link Tue Mar 3, 2009
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