I own the second deed of trust on a 1419 sq. foot 4 bedroom 2 bath house at 1520 Brookside in Oxnard, And I'm willing to sell it to the best offer over $45,000.
This was a $75,000 2nd deed of trust recorded on October 30, 2007 and Countrywide owns the 1st.
The remaining principal balance on the 1st is $257,363.55, and it is in foreclosure, but no auction date has been set yet.
To catch up on the debt on the first the current fee is: $13,185.16, and once that is paid the owner of the 2nd can foreclose and move towards assuming title.
This is a decent house and worth it.
Serious inquiries only: tel.: (805) 218-xxxx ~~~Gordon
Do da math numbnutz. A $257k first will be $280k after expenses. Pay $45k for a $75k note makes the "asset" valued at $325k. Let's see zillow on this home already in foreclosure: $346k. We all know the big "z" is way behind the price drops in bubblezones.
Here's a better idea™ Gordo; we investors let it go to the courthouse steps for $240k and save 25%.
Truly amazing how the sheeple miss the market turns. The problem here is that Gordon thought he was shepard.
10 comments:
Notes like this sort of intrigue me. Not for $45K, but offering $5K could be interesting. A second is not a no recourse loan, so you could go after the guys after the house is foreclosed and their cash flow is back up. I do not have the expertise to invest here, but for a knowledgeable person, there may be money.
Well yes. The trick is to convince somebody who lent $75k against a tract home in Oxnard that the fair value of his investment is the salvage value.
The details get way past my understanding. Pursue a judicial foreclosure and get a judgement? Who knows.
I've got more than a dozen juicy craigslist trolls. Lots of cars for sale "cheap" [not] to cover house payments.
A house like that lacks the right stuff.
NR
Here's a better idea™ Gordo
The Walrus is stealing my ideas, specifically constantly calling him " Robbo™ ". heh.
Well, I guess IP theft is kind of a gray area, so it's all good! ;-)
Could be all kinds of stories behind this, like--
Zillow has the last sale as $65K and if that's correct, the soon-to-be-foreclosed made a helluva return off a refi
a private party as a holder is fairly rare. Is the second holder the previous seller who took paper back, did the second go on after a refi and was not disclosed at the time to CW? The whole thing smells funny.
You won't be able to underbid the first holder in a foreclosure, but after the fact you could probably make a pretty good deal if you have $$$ in hand and make a noncontingent offer. Hardly worth it, as I bet there are plenty more like it.
I think Michelle O/Hopey is kind of hot.
What is the term for corpse screwing fetishists? So many fetishes so little time. I think that explains both sides of the McCain couple. Zombie to zombie is all good.
Why do republicans lack a sex life anyway>
Oops - I meant involves a sex life unrelated to boys in public bathrooms and such.
8 F-ing years of economic decline for the f-ing middle class!
K, yes, I've said this many times, but George W. Bush (and Dickhead Cheney) has been a complete disaster for this country and the middle class. Obama's tax policy includes the middle class in high COLA areas - unlike Billary's Arkansas perspective.
The extraordinarily wealthy, old, botoxed zombies like the McCain's will continue to do well under McCain's POS agenda.
My main point is only a f-ing moron would vote for McRetard.
Dawg,
Where did you get that bizarre dog image?
I find that to be an insult to card-carrying Dogtards and shall ban you from my vast blogoshpere of inanestupidfishnetshit.com!
T is the goddess of reason and discretion and I shall follow her agenda.
Woohoo!
Obama rocks!!!
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