[quote author="stone007" date=1251117418]Went to check ou this house today - REO. Don't really know the area but 5 minutes to the beach isn't bad..Thought I'd post and see what folks thought. Can anyone tell me what the bank took this house back at?
http://www.redfin.com/CA/Laguna-Niguel/21-Trestles-92677/home/4904977</blockquote>
Here are the agent-to-agent comments for the property:
"Please submit all offers via email to: rosemaryhieber@cox.net. Offers must be complete, or they cannot be sumbitted. FOR SPECIAL FINANCING AND INCENTIVES, SELLER REQUESTS POTENTIAL BUYERS CONTACT CHASE LOAN OFFICER jane doe AT 949.xxx.xxxx. Please include the preapproval letter, verification of funds, & copy of the earnest money deposit check with contract. EMD must be 3% for financed offers and 10% for all CASH Offers. Thanks for Showing. Commission will be paid on Seller's net price (Sales price - buyer concessions)"
Overall the property looks pretty nice (despite the somewhat outdated bathrooms) with a decent price tag. JP Morgan Chase is the proud owner of the property which they picked up for $810k. The previous owner paid $990k on 5/6/05 and had a first mortgage of $956,000 from WAMU and a second mortgage of $100,000 from WAMU.