Terry Brock

Hi Larry,
It is a foreclosed (Bank Owned) property. However, I noticed it is now in escrow (deal pending) as of 4/3/08. But we have more... if your looking for another great deal similar to this, please call or email me. Thanks. - Thu Apr 24 2008, 22:56

Hi Larry,
Just wondering if this was the correct address... it is still not showing up on the MLS system, 6555 Peridot was a recent bank foreclosure that is currently in escrow (pending). If you are looking for a similar deal, call or email me as I have bank owned & owner occupied listings in the area. Thanks, - Thu Apr 24 2008, 22:44

Hi Joey,
The base tax rate is 1.05503 % and special assessments are $2,651.52 annually. I noticed this home just sold last month. But if your looking for a similar bank repo deal, I can help. Please call or email me. - Thu Apr 24 2008, 22:21

Hi David,
I think what you may be seeing is the recording of the trustee sale. When a lender forecloses a property, it goes to a trustee sale and the lender holding the note bids their position. This change of ownership records as a sale, then the lender immediately list property for sale with an agent. When the seller accepts an offer, the status is changed from 'active' to 'pending' until it closes escrow. This causes property to drop off some webs sites appearing to have sold. However some will fall out of escrow due to buyers inability to complete loan, etc. The listing agent will then change the status back to active... this may happen a couple times making it appear the property has 'sold' when it has not actually 'closed'. Hope this helps, feel free to call or email me if I can help you further. Thanks, - Thu Apr 24 2008, 22:01

It's been my experience that lenders (via their asset manager) do not often consider offers much below 10% of list price. At this point, they have typically already paid for two third party price opinion's (BPO's & appraisal) to arrive at the listed price, so if they accept an offer significantly below that, they will have to answer to shareholders etc. Sometimes properties are in-fact over priced and your agent should supply comps and condition report with photos to the listing agent to support your offer. In time the lender will have to bring the price down in order to move the property so have your agent put the property on a watch system and put you on an auto notification when the price drops. - Thu Apr 24 2008, 21:34