What is the status of this property - the photo looks as though it is under construction.?

Asked by Stephanie, Redondo Beach, CA Wed Mar 11, 2009

What would it take to complete the project?

This question is about this property: http://www.trulia.com/foreclosure/2002943326--S-Gertruda-Ave…

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Michael Magaw, Agent, Torrance, CA
Wed Mar 11, 2009
It is difficult to tell, since the actual address is not included. The information states that this is a notice of default of $250,000. This home shown as 4671 sq ft in a great area of Redondo Beach. Other similar homes in that area are selling in the range of $2M.

It may be that the leinholder in second position has filed the notice of default and there is still the larger first mortgage that would also need to be addressed.

If you want any further information, feel free to contact me.

Michael Magaw
Web Reference:  http://www.NHLBrokers.com
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