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Monday, December 27, 2010
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14 comments:
NOTICE OF TRUSTEE'S SALE 721 South Glebe Road
NOTICE OF TRUSTEE'S SALE
721 South Glebe Road
Arlington, VA, 22204
By virtue of the power and authority contained in a Deed of Trust dated January 26, 2007, and recorded in Deed Book 4066, Page 2171 in the Clerk's Office for the Circuit Court for Arlington County, VA, securing a loan which was originally $428,000.00.
So is the trustee required to bid 428K
If so, it sure won't sell for that.
lets see what this does
Sold during the bubble for 378K,
now it's on for $300K.
I'm not sure how it comps out, there
was a unit on 200 S Glebe that went for half that price.
And while Glebe knocks down prices, i'm not sure it does it entirely.
diamond in rough.
assessed at 358K, sells for 265K.
pretty decent location, decent price.
how many boomers around here will want / need to sell?
Blogger pat said...
lets see what this does
AR7501581
Sold during the bubble for 378K,
now it's on for $300K.
LOL! Check out the streetview for that listing (lower left corner in the Frankly MLS listing).
That's a duplex, right Pat?
That's probably former occupant having an impromptu yard sale while the Google Street View van drove by....LOL.
90 day delinquency
this is the predicted spike from the prime bubble
now if this promptly clears, then we should know whats up...
Flipperville
buys at 270, wants 390K now.....
seems ambitious
i think sll that neg equity is a drag on the market
pat-
Are you sure this is related to the prime loans resetting. I would have expected to see this bubble due to the foreclosure moratorium. With fewer foreclosures over the last several months houses have not been moving out of the 90+ days delinquency bucket as quickly as they were causing a buildup.
HB
Look att eh time scale, it starts in 08.
The Foreclosure moratorium was a 90 day exercise ahead of the elections.
Pat-
I thought you were talking about the fact that it has started to tick up again. Yes I agree that many more people have gone delinquent in the last 2-3 years than usual. I think we all know that the economy sucks and houses have fallen in price causing prime through subprime people to default. I just thought you were saying the primes are just starting to default.
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