I was just wondering if this property is still available and I would like more infomation about it. Thank you

Asked by Brook, Spring Valley, CA Mon Apr 27, 2009

This question is about this property: http://www.trulia.com/foreclosure/2003718848--Pomona-Way-La-…

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Marcie Sands, Agent, Poway, CA
Mon Apr 27, 2009

The notice of default was filed 1/22/09. It is considered to be in the pre-forclosure phase. According to the tax records it looks like there may be more loans above and beyond the $70,000.00 - so the price listed at $70,000.00 is deceiving.

Kind Regards,

Marcie Sands, REALTOR
Simply The Best Real Estate Company, Inc.
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Kari Shea, Agent, San Diego, CA
Mon Apr 27, 2009
Hi Brook,

Here is the most important piece of information in the information you sent.

"This property is a Notice of Default. This is the initial document filed by an attorney or trustee on behalf of the foreclosing lender that starts the foreclosure process"

This is not yet for sale, it will take some time go through the foreclosure process and be listed. The last home that sold on Pamona Way was 1,214 SF and sold for $385,000 on 11/24/08. The one you sent is over 2,700 SF, hence, it will be higher priced.

Best regards,

Mark and Kari Shea
San Diego Real Estate Experts
Foreclosure, Short Sale & Investment Specialists,
Development Opportunities & Traditional Real Estate
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