Bloodbath in Coto de Caza
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graphrix_IHB
New member
[quote author="awgee" date=1218779889][quote author="graphrix" date=1218778577]Someone bought 7 Roberts today at the foreclosure auction for $1.05mil.</blockquote>
Huh? $1.05 mil? It seems to me that 7 Roberts would go for alot more than that. Do you have any more info?</blockquote>
All I can tell you is they rounded up from the $1.049 NTS and minimum bid amoumt.
<a href="http://www.zillow.com/HomeDetails.htm?zprop=54975260">On Zillow it says it is for sale for $1.795mil</a>, but it doesn't show up on RedFin or Zip. But <a href="http://www.redfin.com/CA/Coto-De-Caza/15-Roberts-Dr-92679/home/5823088">15 Roberts is listed for $1.35mil</a>., so picking up 7 Roberts for $1.05 sounds like a decent deal. I bet it was Pacfic Legacy, because they have the funds to buy a place for that much, and that it will be listed in the next 30 days or so.
Huh? $1.05 mil? It seems to me that 7 Roberts would go for alot more than that. Do you have any more info?</blockquote>
All I can tell you is they rounded up from the $1.049 NTS and minimum bid amoumt.
<a href="http://www.zillow.com/HomeDetails.htm?zprop=54975260">On Zillow it says it is for sale for $1.795mil</a>, but it doesn't show up on RedFin or Zip. But <a href="http://www.redfin.com/CA/Coto-De-Caza/15-Roberts-Dr-92679/home/5823088">15 Roberts is listed for $1.35mil</a>., so picking up 7 Roberts for $1.05 sounds like a decent deal. I bet it was Pacfic Legacy, because they have the funds to buy a place for that much, and that it will be listed in the next 30 days or so.
awgee_IHB
New member
[quote author="graphrix" date=1218783930][quote author="awgee" date=1218779889][quote author="graphrix" date=1218778577]Someone bought 7 Roberts today at the foreclosure auction for $1.05mil.</blockquote>
Huh? $1.05 mil? It seems to me that 7 Roberts would go for alot more than that. Do you have any more info?</blockquote>
All I can tell you is they rounded up from the $1.049 NTS and minimum bid amoumt.
<a href="http://www.zillow.com/HomeDetails.htm?zprop=54975260">On Zillow it says it is for sale for $1.795mil</a>, but it doesn't show up on RedFin or Zip. But <a href="http://www.redfin.com/CA/Coto-De-Caza/15-Roberts-Dr-92679/home/5823088">15 Roberts is listed for $1.35mil</a>., so picking up 7 Roberts for $1.05 sounds like a decent deal. I bet it was Pacfic Legacy, because they have the funds to buy a place for that much, and that it will be listed in the next 30 days or so.</blockquote>
$228 per square foot? Things are getting very good indeed. I am almost tempted to start heading down to the courthouse on auction day. Almost, only because prices will get even better in the next few years.
Huh? $1.05 mil? It seems to me that 7 Roberts would go for alot more than that. Do you have any more info?</blockquote>
All I can tell you is they rounded up from the $1.049 NTS and minimum bid amoumt.
<a href="http://www.zillow.com/HomeDetails.htm?zprop=54975260">On Zillow it says it is for sale for $1.795mil</a>, but it doesn't show up on RedFin or Zip. But <a href="http://www.redfin.com/CA/Coto-De-Caza/15-Roberts-Dr-92679/home/5823088">15 Roberts is listed for $1.35mil</a>., so picking up 7 Roberts for $1.05 sounds like a decent deal. I bet it was Pacfic Legacy, because they have the funds to buy a place for that much, and that it will be listed in the next 30 days or so.</blockquote>
$228 per square foot? Things are getting very good indeed. I am almost tempted to start heading down to the courthouse on auction day. Almost, only because prices will get even better in the next few years.
CalGal_IHB
New member
<blockquote>$228 per square foot? Things are getting very good indeed. I am almost tempted to start heading down to the courthouse on auction day. Almost, only because prices will get even better in the next few years. </blockquote>
Awgee, next few years? Does Mrs. Awgee know you are talking a few <strong>years </strong>before you buy? Or are you like Mr. Calgal who tells Mrs. CalGal, "Next year we'll buy." And four years later . . . . the CalGal family is still in a rental.
:coolsmile:
Awgee, next few years? Does Mrs. Awgee know you are talking a few <strong>years </strong>before you buy? Or are you like Mr. Calgal who tells Mrs. CalGal, "Next year we'll buy." And four years later . . . . the CalGal family is still in a rental.
:coolsmile:
morekaos_IHB
New member
[quote author="CalGal" date=1218798943]<blockquote>$228 per square foot? Things are getting very good indeed. I am almost tempted to start heading down to the courthouse on auction day. Almost, only because prices will get even better in the next few years. </blockquote>
Awgee, next few years? Does Mrs. Awgee know you are talking a few <strong>years </strong>before you buy? Or are you like Mr. Calgal who tells Mrs. CalGal, "Next year we'll buy." And four years later . . . . the CalGal family is still in a rental.
:coolsmile:</blockquote>
That sounds like the same conversation I have had with Mrs. Morekaos...oops!
Awgee, next few years? Does Mrs. Awgee know you are talking a few <strong>years </strong>before you buy? Or are you like Mr. Calgal who tells Mrs. CalGal, "Next year we'll buy." And four years later . . . . the CalGal family is still in a rental.
:coolsmile:</blockquote>
That sounds like the same conversation I have had with Mrs. Morekaos...oops!
awgee_IHB
New member
[quote author="CalGal" date=1218798943]<blockquote>$228 per square foot? Things are getting very good indeed. I am almost tempted to start heading down to the courthouse on auction day. Almost, only because prices will get even better in the next few years. </blockquote>
Awgee, next few years? Does Mrs. Awgee know you are talking a few <strong>years </strong>before you buy? Or are you like Mr. Calgal who tells Mrs. CalGal, "Next year we'll buy." And four years later . . . . the CalGal family is still in a rental.
:coolsmile:</blockquote>
I tell her we will buy whenever she wants; tomorrow if that is what she wants. But, I show her the houses we can buy today and I show her the houses we will be able to buy in a couple of years. Her choice. How about you? Would you rather buy right now? Or would you rather live in a rental and buy later?
Awgee, next few years? Does Mrs. Awgee know you are talking a few <strong>years </strong>before you buy? Or are you like Mr. Calgal who tells Mrs. CalGal, "Next year we'll buy." And four years later . . . . the CalGal family is still in a rental.
:coolsmile:</blockquote>
I tell her we will buy whenever she wants; tomorrow if that is what she wants. But, I show her the houses we can buy today and I show her the houses we will be able to buy in a couple of years. Her choice. How about you? Would you rather buy right now? Or would you rather live in a rental and buy later?
caycifish_IHB
New member
[quote author="awgee" date=1218835494][quote author="CalGal" date=1218798943]<blockquote>$228 per square foot? Things are getting very good indeed. I am almost tempted to start heading down to the courthouse on auction day. Almost, only because prices will get even better in the next few years. </blockquote>
Awgee, next few years? Does Mrs. Awgee know you are talking a few <strong>years </strong>before you buy? Or are you like Mr. Calgal who tells Mrs. CalGal, "Next year we'll buy." And four years later . . . . the CalGal family is still in a rental.
:coolsmile:</blockquote>
I tell her we will buy whenever she wants; tomorrow if that is what she wants. But, I show her the houses we can buy today and I show her the houses we will be able to buy in a couple of years. Her choice. How about you? Would you rather buy right now? Or would you rather live in a rental and buy later?</blockquote>
I'm certainly choosing the rental option for the time being. I can't paint, but other than that I have nested just fine in my rented townhouse. I admit, unless the kids' school district is an issue, I don't understand all the discussions I see here about females being the ones who need to nest in a home they own. Cover the walls with pictures of loved ones or places, or things that make you happy to look at, and call it good. Buy a rug, if needed. Your furniture is still your furniture.
Awgee, next few years? Does Mrs. Awgee know you are talking a few <strong>years </strong>before you buy? Or are you like Mr. Calgal who tells Mrs. CalGal, "Next year we'll buy." And four years later . . . . the CalGal family is still in a rental.
:coolsmile:</blockquote>
I tell her we will buy whenever she wants; tomorrow if that is what she wants. But, I show her the houses we can buy today and I show her the houses we will be able to buy in a couple of years. Her choice. How about you? Would you rather buy right now? Or would you rather live in a rental and buy later?</blockquote>
I'm certainly choosing the rental option for the time being. I can't paint, but other than that I have nested just fine in my rented townhouse. I admit, unless the kids' school district is an issue, I don't understand all the discussions I see here about females being the ones who need to nest in a home they own. Cover the walls with pictures of loved ones or places, or things that make you happy to look at, and call it good. Buy a rug, if needed. Your furniture is still your furniture.
Trooper_IHB
New member
<a href="http://www.apartmenttherapy.com/ny/artwork/extreme-nesting-with-benjamin-verdonck-051250">Extreme Nesting - Guys do it too</a>
<img src="http://www.apartmenttherapy.com/uimages/ny/5-21-nest-dutch-1.jpg" alt="" />
<img src="http://www.apartmenttherapy.com/uimages/ny/5-21-nest-dutch-1.jpg" alt="" />
CalGal_IHB
New member
[quote author="caycifish" date=1218842498][quote author="awgee" date=1218835494][quote author="CalGal" date=1218798943]<blockquote>$228 per square foot? Things are getting very good indeed. I am almost tempted to start heading down to the courthouse on auction day. Almost, only because prices will get even better in the next few years. </blockquote>
Awgee, next few years? Does Mrs. Awgee know you are talking a few <strong>years </strong>before you buy? Or are you like Mr. Calgal who tells Mrs. CalGal, "Next year we'll buy." And four years later . . . . the CalGal family is still in a rental.
:coolsmile:</blockquote>
I tell her we will buy whenever she wants; tomorrow if that is what she wants. But, I show her the houses we can buy today and I show her the houses we will be able to buy in a couple of years. Her choice. How about you? Would you rather buy right now? Or would you rather live in a rental and buy later?</blockquote>
I'm certainly choosing the rental option for the time being. I can't paint, but other than that I have nested just fine in my rented townhouse. I admit, unless the kids' school district is an issue, I don't understand all the discussions I see here about females being the ones who need to nest in a home they own. Cover the walls with pictures of loved ones or places, or things that make you happy to look at, and call it good. Buy a rug, if needed. Your furniture is still your furniture.</blockquote>
It's more than just decorating. The home we are in needs new wiring and a security system. I would plant flowers and trees in the backyard. I would remove the single-pane windows and put in double-pane windows. I would change the interior paint colors. I would knock down walls and change the floor plan a bit. The bathroom needs total redue, the a/c unit needs to be replaced and re-balanced. The furnace needs to be replaced. I would add better window treatments and replace the carpets. We would build storage cabinets and a loft in the garage etc. And, I hesitate to buy new furniture because I'm not sure if it will fit to the configurations of our next house. Plus, every time you move your furniture, and no matter how careful you or the movers are with your furniture, it gets dented or scratched.
Rental living is completely different than owning one's own house. It's not your house, it's your landlord's house. I don't want to invest my money into my landlord's house. Once you've owned a house, it's difficult to rent.
I'm sure I'm not alone on this thinking. Even my husband is itchin' to have his own house again.
And the rental we have is sooooo much better than any we have seen on the market.
Awgee, next few years? Does Mrs. Awgee know you are talking a few <strong>years </strong>before you buy? Or are you like Mr. Calgal who tells Mrs. CalGal, "Next year we'll buy." And four years later . . . . the CalGal family is still in a rental.
:coolsmile:</blockquote>
I tell her we will buy whenever she wants; tomorrow if that is what she wants. But, I show her the houses we can buy today and I show her the houses we will be able to buy in a couple of years. Her choice. How about you? Would you rather buy right now? Or would you rather live in a rental and buy later?</blockquote>
I'm certainly choosing the rental option for the time being. I can't paint, but other than that I have nested just fine in my rented townhouse. I admit, unless the kids' school district is an issue, I don't understand all the discussions I see here about females being the ones who need to nest in a home they own. Cover the walls with pictures of loved ones or places, or things that make you happy to look at, and call it good. Buy a rug, if needed. Your furniture is still your furniture.</blockquote>
It's more than just decorating. The home we are in needs new wiring and a security system. I would plant flowers and trees in the backyard. I would remove the single-pane windows and put in double-pane windows. I would change the interior paint colors. I would knock down walls and change the floor plan a bit. The bathroom needs total redue, the a/c unit needs to be replaced and re-balanced. The furnace needs to be replaced. I would add better window treatments and replace the carpets. We would build storage cabinets and a loft in the garage etc. And, I hesitate to buy new furniture because I'm not sure if it will fit to the configurations of our next house. Plus, every time you move your furniture, and no matter how careful you or the movers are with your furniture, it gets dented or scratched.
Rental living is completely different than owning one's own house. It's not your house, it's your landlord's house. I don't want to invest my money into my landlord's house. Once you've owned a house, it's difficult to rent.
I'm sure I'm not alone on this thinking. Even my husband is itchin' to have his own house again.
And the rental we have is sooooo much better than any we have seen on the market.
awgee_IHB
New member
Wow Sarge. CalGal makes a pretty good case. Except for her last sentence. I knowhow bad she really wants to live here:
<a href="http://www.realtor.com/rentals/search/listingdetail.aspx?zp=92679&ml=3&mnp=29&bd=5&typ=40&sid=ff0e672d7f084fa387e6aa9ccf4a67d2&pg=2&lid=1099373815&lsn=11&srcnt=12#Detail">Special rental for CalGal listed by her fav realtor</a>
<a href="http://www.realtor.com/rentals/search/listingdetail.aspx?zp=92679&ml=3&mnp=29&bd=5&typ=40&sid=ff0e672d7f084fa387e6aa9ccf4a67d2&pg=2&lid=1099373815&lsn=11&srcnt=12#Detail">Special rental for CalGal listed by her fav realtor</a>
CalGal_IHB
New member
[quote author="awgee" date=1218851181]Wow Sarge. CalGal makes a pretty good case. Except for her last sentence. I knowhow bad she really wants to live here:
<a href="http://www.realtor.com/rentals/search/listingdetail.aspx?zp=92679&ml=3&mnp=29&bd=5&typ=40&sid=ff0e672d7f084fa387e6aa9ccf4a67d2&pg=2&lid=1099373815&lsn=11&srcnt=12#Detail">Special rental for CalGal listed by her fav realtor</a></blockquote>
Very funny. I'm glad I didn't have to continue debating this issue because my blood pressure was already maxed out.
Actually, I met Vicki a few weeks ago. She was actually very nice. Now that I know her, I'm having a difficult time bashing the house.
Although, I still think it's overpriced.
<a href="http://www.realtor.com/rentals/search/listingdetail.aspx?zp=92679&ml=3&mnp=29&bd=5&typ=40&sid=ff0e672d7f084fa387e6aa9ccf4a67d2&pg=2&lid=1099373815&lsn=11&srcnt=12#Detail">Special rental for CalGal listed by her fav realtor</a></blockquote>
Very funny. I'm glad I didn't have to continue debating this issue because my blood pressure was already maxed out.
Actually, I met Vicki a few weeks ago. She was actually very nice. Now that I know her, I'm having a difficult time bashing the house.
Although, I still think it's overpriced.
CalGal_IHB
New member
[quote author="awgee" date=1218852647][quote author="CalGal" date=1218851373]Although, I still think it's overpriced.</blockquote>
Uhh-h-h, ya think?
The house seems fine, but $1.8 mil in Meritage? Foile a deux?</blockquote>
The one thing that I hate most about the Meritage tract is the crooked island (Z shaped). Vicki has it in her <a href="http://www.realtor.com/rentals/search/listingdetail.aspx?zp=92679&ml=3&mnp=29&bd=5&typ=40&sid=ff0e672d7f084fa387e6aa9ccf4a67d2&pg=2&lid=1099373815&lsn=11&srcnt=12#Detail">house</a>. Although I'm not sure if you can see it in the MLS pictures.
P.S. Maybe someone should tell Jeana that cell phones don't take the best pictures. Get a professional photographer to take the pics!
Better yet, Vicki should hire IR2 to represent her. He'll get that house sold.
Uhh-h-h, ya think?
The house seems fine, but $1.8 mil in Meritage? Foile a deux?</blockquote>
The one thing that I hate most about the Meritage tract is the crooked island (Z shaped). Vicki has it in her <a href="http://www.realtor.com/rentals/search/listingdetail.aspx?zp=92679&ml=3&mnp=29&bd=5&typ=40&sid=ff0e672d7f084fa387e6aa9ccf4a67d2&pg=2&lid=1099373815&lsn=11&srcnt=12#Detail">house</a>. Although I'm not sure if you can see it in the MLS pictures.
P.S. Maybe someone should tell Jeana that cell phones don't take the best pictures. Get a professional photographer to take the pics!
Better yet, Vicki should hire IR2 to represent her. He'll get that house sold.
graphrix_IHB
New member
[quote author="CalGal" date=1218857913][quote author="awgee" date=1218852647][quote author="CalGal" date=1218851373]Although, I still think it's overpriced.</blockquote>
Uhh-h-h, ya think?
The house seems fine, but $1.8 mil in Meritage? Foile a deux?</blockquote>
The one thing that I hate most about the Meritage tract is the crooked island (Z shaped). Vicki has it in her <a href="http://www.realtor.com/rentals/search/listingdetail.aspx?zp=92679&ml=3&mnp=29&bd=5&typ=40&sid=ff0e672d7f084fa387e6aa9ccf4a67d2&pg=2&lid=1099373815&lsn=11&srcnt=12#Detail">house</a>. Although I'm not sure if you can see it in the MLS pictures.
P.S. Maybe someone should tell Jeana that cell phones don't take the best pictures. Get a professional photographer to take the pics!
Better yet, Vicki should hire IR2 to represent her. He'll get that house sold.</blockquote>
How dare you wish that punishment upon IR2. What did he ever do to deserve something like that? Hey... instead I hear informed_decisions really, really needs work. Plus, IR2 just had to deal with Ipo, and he needs a vacation after all that.
Uhh-h-h, ya think?
The house seems fine, but $1.8 mil in Meritage? Foile a deux?</blockquote>
The one thing that I hate most about the Meritage tract is the crooked island (Z shaped). Vicki has it in her <a href="http://www.realtor.com/rentals/search/listingdetail.aspx?zp=92679&ml=3&mnp=29&bd=5&typ=40&sid=ff0e672d7f084fa387e6aa9ccf4a67d2&pg=2&lid=1099373815&lsn=11&srcnt=12#Detail">house</a>. Although I'm not sure if you can see it in the MLS pictures.
P.S. Maybe someone should tell Jeana that cell phones don't take the best pictures. Get a professional photographer to take the pics!
Better yet, Vicki should hire IR2 to represent her. He'll get that house sold.</blockquote>
How dare you wish that punishment upon IR2. What did he ever do to deserve something like that? Hey... instead I hear informed_decisions really, really needs work. Plus, IR2 just had to deal with Ipo, and he needs a vacation after all that.
awgee_IHB
New member
If a second lien holder forecloses, does the second lien holder then have to make the first mortgage payments in order not be be foreclosed upon? How does this whole thing work?
/
Address: 17 Pinewood Drive
City: COTO DE CAZA
State: CA
Zip: 92679
County: Orange
APN: 804-425-03
Sale Status: Back to Bene 08/15/2008
TS Number: 977440
Notice of Sale Amt: $195,805.75
Opening Bid Amt: $189,440.04
Sold Amt: $189,440.04
Sale Location: At the North front entrance to the County Courthouse, 700 Civic Center Drive West, Santa Ana, CA.
/
Address: 17 Pinewood Drive
City: COTO DE CAZA
State: CA
Zip: 92679
County: Orange
APN: 804-425-03
Sale Status: Back to Bene 08/15/2008
TS Number: 977440
Notice of Sale Amt: $195,805.75
Opening Bid Amt: $189,440.04
Sold Amt: $189,440.04
Sale Location: At the North front entrance to the County Courthouse, 700 Civic Center Drive West, Santa Ana, CA.
EvaLSeraphim_IHB
New member
<blockquote>If a second lien holder forecloses, does the second lien holder then have to make the first mortgage payments in order not be be foreclosed upon? How does this whole thing work?</blockquote>
Yes, the new holder of the second must make payments on the first. The better question is, how do you do that? With all the bank privacy laws, the servicer of the first generally will not give you the information about the first because you are not the borrower. What to do, what to do? As best I can tell, get a new mortgage to pay off the first in whole rather than trying to pay off the existing first as if you were the borrower. In any event, that existing first may not be an assumable loan.
Yes, the new holder of the second must make payments on the first. The better question is, how do you do that? With all the bank privacy laws, the servicer of the first generally will not give you the information about the first because you are not the borrower. What to do, what to do? As best I can tell, get a new mortgage to pay off the first in whole rather than trying to pay off the existing first as if you were the borrower. In any event, that existing first may not be an assumable loan.
awgee_IHB
New member
CalGal - Check this out! 4000 Square feet in Valle Vista for less than $1,000,000. Is six years old considered new construction? That is $250 per sq ft in Coto. Does anyone know if this is a REO? I don't think it is because Redfin is showing the last sale as 02/04/2002.
<a href="http://www.redfin.com/CA/Coto-De-Caza/24-Grace-Dr-92679/home/5823176">$250 per sq ft</a>
<a href="http://www.redfin.com/CA/Coto-De-Caza/24-Grace-Dr-92679/home/5823176">$250 per sq ft</a>
Trooper_IHB
New member
<em>If a second lien holder forecloses, does the second lien holder then have to make the first mortgage payments in order not be be foreclosed upon? How does this whole thing work? </em>
awgee, something along the lines of this topic came up awhile back, here are two links that <em>might</em> have some info.
<a href="http://www.irvinehousingblog.com/forums/viewthread/2134/">Foreclosed on property new tax base</a>
<a href="http://www.irvinehousingblog.com/forums/viewthread/1550/">How do I write off interest on a property I foreclosed on</a>
awgee, something along the lines of this topic came up awhile back, here are two links that <em>might</em> have some info.
<a href="http://www.irvinehousingblog.com/forums/viewthread/2134/">Foreclosed on property new tax base</a>
<a href="http://www.irvinehousingblog.com/forums/viewthread/1550/">How do I write off interest on a property I foreclosed on</a>
NewToOC_IHB
New member
An interesting short sale in coto. They bought for 960k in Nov. 2000 and they now owe "2.1m in loans plus arrearages" according to the listing.
<a href="http://www.redfin.com/CA/Coto-De-Caza/18-Tortoise-Shell-92679/home/5822341">18 Tortoise Shell</a>
<a href="http://www.redfin.com/CA/Coto-De-Caza/18-Tortoise-Shell-92679/home/5822341">18 Tortoise Shell</a>