What is the next step for this house? Is it going up for auction? Are you going to put it up for sale?

Asked by Maxine Cheranich, Oakley, CA Tue Apr 7, 2009

The listing price says $108,640, is that what you will be asking for this home?

This question is about this property: http://www.trulia.com/foreclosure/2003924049--Twin-Oaks-Dr-N…

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David Johnson, Agent, Napa, CA
Tue Apr 7, 2009
It's difficult to find out any information because Trulia doesn't give an address unless you "register" with them. I, and apparantly you, am unwilling to pay for an address.

What happens generally at this point is the foreclosing entity lists the property with a real estate agent. It will be listed at fair market value--not at $108,640. That number is probably the balance on one of two loans which probably total more than the fair market value.
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