Foreclosure Information
| SEPT 27 2012 | Home in default | $64,770past due | The owner of this property has been served a Notice of Default. |
| OCT 30 2007 | Loan issued | $253,468 | A loan was issued by BANK OF AMERICA NA on 10/30/07 in the amount of$253,468. |
| OCT 30 2007 | Previous sale | $279,000 | This home last sold for $279,000. |
Okay, let's look at that. 10% down end of Oct 2007. First payment Dec 2007. Approx monthly mortgage payment; $1400. Call the monthly late fee and penalty 10%. $1540. 46 months later they owe $64,770. Looks like they made about 6 payments and lived for free for 3 1/2 years.
Here's this particular gem of the high desert.
No doubt Cinco-X will appreciate the moisture along the foundation behind the kitchen.
So, What about prospects as a rental? I'm sure the municipality and state would like that.
Tax History via Zillow
At $253,000 the taxes were $5,175 or 2.05%.
At $124,600 the taxes are $3,613 or 2.9%.
So much for Prop 13 protections eh? So, the first $300/mo of rent goes to taxes.
So, What about prospects as a rental? I'm sure the municipality and state would like that.
Tax History via Zillow
| Year | Property taxes | Change | Tax assessment | Change |
|---|---|---|---|---|
| 2011 | $3,613 | 100% | $124,600 | -- |
| 2010 | $1,806 | -65.1% | $124,600 | -30% |
| 2009 | $5,175 | -- | $178,000 | -29.6% |
| 2008 | $5,175 | -- | $253,000 | -20.7% |
| 2007 | $0 | -- | $319,053 | -- |
At $253,000 the taxes were $5,175 or 2.05%.
At $124,600 the taxes are $3,613 or 2.9%.
So much for Prop 13 protections eh? So, the first $300/mo of rent goes to taxes.
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