HELOC I Love You Won't You Sell Me Your Gain?Today's Ventura County Star has more than seven pages of NOTS (Notice of Trustee's Sale). The prices at roughly $5 million dollars per page. $35m worth of foreclosures in the paper toady alone. Let's look at some:
1291 Newman St Simi Valley CA 93065
4 beds, 2.0 baths, 1,740 sq ft
1676 Glider Ct Thousand Oaks CA 91320
4 beds, 3.5 baths, 2,742 sq ft
5083 Dodson St Somis CA 93066
4 beds, 2.0 baths, 2,362 sq ft
All these last sold at prices much lower than the foreclosure price. You have to wonder how many have seconds, HELOCs, thirds, etc. that aren't even counted having already been written off to zero.