Thursday, October 16, 2008

Riverpark Update

Back to Riverpark. The implosion is really picking up steam and this one is typical. The usual story; bought new Dec 2006 for $580,500. Back to the bank Aug 2008 for a $378,020 outstanding balance. Looks very much like a first reset default eh? An 18 month old house with a $200,000 loss. $11,000 per month. And why didn't somebody want it for $378,020 on thte courthouse steps? That's the kicker and why Riverpark is doomed. 2008 Property Tax: $10,784. $900/month. Every month, month in and month out.
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3093 Orleans Dr
Oxnard, CA 93036
Price: $399,900
BEDS: 3
BATHS: 4
SQ. FT.: 2,302
$/SQ. FT.: $174
LOT SIZE: -
YEAR BUILT: 2006
STORIES: 3
NEIGHBORHOOD: El Rio / Nyeland Acres
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3 comments:

Casey Serin said...

M U R S T! :-)

Benoit™ said...

Casey is hosting another Talkcast tonight, Oct. 17th, at 5 PM Pacific / 8 PM Eastern.

http://www.talkshoe.com/talkshoe/web/talkCast.jsp?masterId=29098&cmd=tc

How about an angry, flustered call from the Walrus himself? ;-)

Rob Dawg said...

I have a voice made for silent pictures. ;-)

Besides, what would I have to say? I see nothing to lean from my participation. I'll probably sign in again. That's usually fun.