Friday, September 18, 2009

That's a Helluva Sales Strategy You've Got There: UPDATE LXVIII

**UPDATE**

I love my readers. Littletiger1969 hooked us up with the 411 on our favorite saltine box. Finally some closure, but at the same time I'm pretty floored it took this long for the "Cycle of FAIL" to be completed. Check it:

Littletiger1969 says:

"Got these from RealtyTrac
416 Roswell Ave
Long Beach, CA 90814

History of Notices

Recording Date
9/10/2009
Status
NTS

Recording Date
6/9/2009
Status
NOD

Default Amount
$16,261

Keep up the good work!!"


Oh for fuck's sake.

Just two days after this...

The list price was "$414,000" and changed to "$389,000"

...we get this:

The list price was "$389,000" and changed to "$414,000"
The status was "Active" and changed to "Contingent"


Can someone with access to public records please look up whether a Notice of Default has been filed? I'm curious if this dude has been living rent free while the bank dicks around with this short-sale-that's-not-actually-for-sale.

I mean, just look at this:

Sep 16, 2009 - Price Changed $414,000
Sep 13, 2009 - Price Changed $389,000
Aug 27, 2009 - Price Changed $414,000
Aug 27, 2009 - Relisted
Jul 26, 2009 - Price Changed $426,000
Jul 25, 2009 - Price Changed $399,000
Jul 20, 2009 - Relisted
Jul 01, 2009 - Price Changed $426,000
Jul 01, 2009 - Relisted
May 14, 2009 - Relisted
May 13, 2009 - Delisted
May 11, 2009 - Listed $399,000
Jun 09, 2008 - Delisted
Jun 01, 2008 - Relisted
May 27, 2008 - Delisted
Apr 07, 2008 - Price Changed
Feb 12, 2008 - Listed
Feb 01, 2006 - Sold $533,000
Feb 27, 2003 - Sold $350,000
Jul 27, 1999 - Sold $187,000
Apr 16, 1991 - Sold $199,000

This house has been on the MLS for 570+ days and I want to get an idea of when it will go back to the bank and finally, mercifully, be put out of its misery.

5 comments:

  1. wow... could be a knife catcher offered the $389,000 and he finally took the offer... an fha bidder tired of being on the bench? they have to close by end of Nov. so we may see a flurry of dumps getting dumped so the loan can close before then... the new buyer (if it makes through escrow) can enjoy being under more shallow water than the deep water of the soon to be former bagholder...

    ReplyDelete
  2. I checked the records on this house. This guy bought it for 533k in 2006 w/ a 20%
    downpayment. Which he has already lost and then some. But fear not because in 2007 he took out a loan for 548k thereby taking back his downpayment plus and additional 15k in his pocket..lol smart guy. So he has two options. Trash his credit and do a short sale and pray that the equifirst bank will accept it without having to give back too much of the equity money he took. Or he can bring his 100k plus to the table in order to make the loan whole(that's assuming he can get that WTF price of 414k). Either way he's screwed.

    ReplyDelete
  3. Good job of sleuthing, anon! Hmm lets see- loser can trash credit and 'keep' the $100k (which has already been spent on beer, bitches, and bling) or he can take a loss on money he doesn't have. Guess who is going to be owning this POS- us, the taxpayers.

    ReplyDelete
  4. Got these from RealtyTrac
    416 Roswell Ave
    Long Beach, CA 90814

    History of Notices

    Recording Date
    9/10/2009
    Status
    NTS

    Recording Date
    6/9/2009
    Status
    NOD

    Default Amount
    $16,261

    Keep up the good work!!

    ReplyDelete
  5. Littletiger,

    Big red hearts. Thanks very much for that info.

    ReplyDelete