On February 6th a DuPlex on Exposition Blvd went to Trustee Sale. The lender was owed $325,197.20 on a property worth around $700,000.00 and no one was able to get the property owner to sell before the auction, which would have been a smart way to go.
When you see a deal like this the price will get bid up most of the time. The amount owed from the notice of sale was only $316,723.00 so everyone saw this one coming. The final price was $440,000.00 and the new owner now has quite a bit of equity.
Had you been using our bidding service, this is one where you could have been the winner!
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