- 31861 Via Oso
The first scheduled trustee sale for 31861 Via Oso was on 8/20/09 and the auction has been postponed multiple times with the latest foreclosure sale date being 1/28/10. The Notice of Default recorded in April, 2009 so chances are more likely than not that a payment has not been made for over a year. Maybe they will obtain a loan modification and not make any payments for another year.
According to Foreclosure Radar, a 2nd was funded in May of 2009 for $417,000. That could not be right, could it? The 1st is for $$599,000 and no one or no lender would allow a total of $1,016,000 to be lent on this property, right? Especially when there was already an NOD on it. The one thing that makes me think that it might be correct is that it does not seem likely that a home owner would default on a $600,000 loan on this property. Wouldn’t this property sell for more than $599,000 in 2008 when the mortgage was first defaulted on? Something hinkey arises here.
S6M
January 28th, 2010
I think anyone who gets one of these modifications temporary or permanent should be branded for life. That way when the champagne starts to flow again we will know where our tax payer ponzi money is going. That would probably be too much “transparency” for our president.