i have a question

Posted by justin on October 20, 2008 at 13:22:24:

So this girl I work with is getting divorced, and they were trying to refi and then sell their house, well it didn't work out so they moved out a few months ago and its in foreclosure.

It appraised for $320k a few months ago, $360k last year. She said she owes $211k on it. New electrical, plumbing, and septic. It's pretty ugly though but structurally sound. My grandmothers real estate agent said she owes $253k + arrears and attorney fees.

I know what bank they bought it through, and have in my hand a 23 page document that has their
file #,
tax parcel id #,
lists grantor's and grantees
"Notice of Foreclosure"
Deed of Trust
legal Description
What date and where it will be sold

She said her real estate agent expects it to sell for $75-159k, but closer to $75. My grandmothers real estate agent said it would be lucky if it sold for less than $275k.

How much do you guys think it will sell for? I'm thinking my grandmother real estate agent is right, but just in case it really does sell for $75k I don't want to loose out on this, I want to but it, it's in a decent neighborhood and is almost exactly half way between my girlfriends work and mine.

People have told me just to call their bank, but I can't find the number anywhere, and not once in this 23 page document is it listed, just mailing address for the trustee service.


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