31746 Via Patito
Some of the properties are starting to blur together. At first it seemed that each property had its own story and set of circumstances, and maybe they do, but the differences are becoming less so.
31746 Via Patito was purchased in February of 1998 for $289,000 with a 10% down payment. There were a series of refinancings and HELOCs, the last one being a neg am ARM in March, 2007 for $714,000.
The Notice of Default recorded on 12/01/09 for $20,910 and the Notice of Trustee Sale recorded on 3/05/10 with an auction scheduled for 3/29/10. 31746 Via Patito is currently listed as a short sale with an asking price of $519,900 and a status of “Backup Offers Accepted.” There is only one mortgage so I would tend to guess that the short sale will go through.
Coto Housing Blog » This Week, (3/28/10), in Foreclosure Auctions
March 29th, 2010