California Foreclosure Activity - Highest Level
California Foreclosure Activity - Highest Level?
Total owed is $453,000.00
First= $382k (Countrywide)
2nd= $71K (HFC/Beneficial)
A few minute walk to McKinley Park...
This is a 3 Br/1.5 bath sitting on a 90x71 lot; hence huge backyard for
the area with fruit trees and more than enough room to build up, build
back and still put in a large pool. Large living room and large formal
dining room, hardwood floors, huge kitchen and family room. House and
lot have tons of potential. If I weren't broke I'd take advantage of
it.
If one could get HFC to take a 'short' then there is possibly $60-80k
profit. Because of the area this is a good buy and hold due to the
higher rental return ($2100./month +), and the fact that these McKinley
Park area homes historically loses the least value in down-times and
gain some of the most when the R.E. market rebounds; as you know. Last
appraisal came in at $510K with no work done to the house.
We will stop making both mortgage payments as of the first of the
month. Once it is listed as a foreclosure...someone will buy this
house.
Will sell today for what is owed + $5000.00 to cover moving expenses.
SERIOUS INVESTORS ONLY!!