Comments on: $383k REO Condo on Duarte

By: Recent Links Tagged With "duarte" - JabberTags

Recent Links Tagged With "duarte" - JabberTags — Tue, 30 Sep 2008 07:19:34 +0000

[...] public links >> duarte $383k REO Condo on Duarte Saved by Camenschic on Sun 28-9-2008 Palm hires ex-Danger employee, Matias Duarte Saved by [...]

By: BigBan

BigBan — Sun, 17 Aug 2008 15:47:04 +0000

Oh, Thanks! Really funny. keep working!

By: TheArcadian

TheArcadian — Mon, 11 Aug 2008 20:40:54 +0000

Hi Curious,

We briefly mentioned this property back on April 26th: http://www.arcadiahousingblog.com/2008/04/26/arcadia-properties-in-distress/

They must have re-listed the property because it would not sell at $598,000. I am estimating that it has sit unsold for 120 days. The 27 days that Redfin’s showing is a lie.

At $250/sf, this property on Alice is worth only $491,000; $108,000 less than the current asking price.

By: Curious mind

Curious mind — Sat, 09 Aug 2008 05:46:02 +0000

How abuot this property?

37 ALICE St #C
Arcadia, CA 91006

http://www.redfin.com/CA/Arcadia/37-ALICE-St-91006/unit-C/home/12422463

By: TheArcadian

TheArcadian — Fri, 08 Aug 2008 16:55:04 +0000

I’m guessing the homeowner is responsible for the property taxes up until he is no longer the owner of the house. Once you hand over the keys, the bank pays the property taxes or else the County will coming knocking.

By: missedthebubble

missedthebubble — Fri, 08 Aug 2008 16:06:51 +0000

So I was thinking, about foreclosures.

There is so many of them, that banks are having huge issues just processing them. It has created a backlog, that some say is 9 to 10 months long.

Who pays the property taxes on the house? Meaning, if I mail in the keys, it takes them a year to finally foreclose, who pays the taxes in between those two points.

The bank or the freeloader?

Thanks