Property Q&A in San Carlos>Question Details

Rita, Home Buyer in California

How can I acquire this property? Through an auction or can I just go straight to the lender?

Asked by Rita, California Sun Mar 29, 2009

This question is about this property:…

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Hi There,

Since this property is in the final stage of foreclosure, it has probably already been through the auction process and is now for sale.

If you're interested in the purchase of this property, please give me a call.

Since this is an REO and the price is attractive, you would have to move quickly.

-Brendan Aiello
(650) 759-2067
Web Reference:
1 vote Thank Flag Link Sun Mar 29, 2009
HI Rita,

I don't see this property listed on the MLS right now, but it is reasonably likely that the address is 39 Coronado, which was taken off the market on February 20 (probably as part of the transition to bank ownership). At that time, it was a short sale.

Assuming the posted information is now correct and it is an REO, it will probably hit the MLS soon. If you have the lender info, you can try going straight to them, but the odds of succeeding this way are long.

The most recent list price for this home was $915K. Even though it didn't sell at this price, It is still probably worth somewhere in the 800's. The Trulia foreclosure value of $211,500 is in no way related to what the bank will sell it for.

Good Luck!

John Barman
Coldwell Banker
0 votes Thank Flag Link Mon Mar 30, 2009
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