Here's another condo that's fallen into the hands of the lender.
Park Boulevard West is a low rise project in the Ball Park District.
Resale Price: $364,900
Cost: $380,000
Loss@6% Sales Expenses: $36,994
Loss%: 9.74%
Purchase Date: 11/05/2004
Holding Period: 21 months and counting...
MLS: 061069101
Bedrooms: 1
Bathrooms: 1
Square Feet: 689
Purchase Details: view
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3 comments:
The Trustee's report indicates that the total amount in default is only $316,944. I can't understand why the owner did not sell the property before it went into foreclosure. The owner certainly could have unloaded the condo for $316,000. The trustee report link is below.
http://72.14.209.104/search?q=cache:UWzzWsfHBOcJ:www.fidelitysd.com/NOD/SAN%2BDIEGO%2BNOT.pdf+%22Gwendolyn+Vodang%22&hl=en&gl=us&ct=clnk&cd=3&ie=UTF-8
There is information on hundreds of foreclosures at fidelitysd.com. You can find out what the buyer paid and owes on each property in default.
That is kinda of weird, is there a chance that there is another lien or that the owner went completely bankrupt so any equity was a mute point?
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