Wednesday, November 10, 2010

Newport Beach Homes on their Way to Trustee Auction Sales

 Newport Harbor from HeightsForeclosure Information about homes and properties at Newport Beach and Orange County communities is valuable and interesting. 

142 Newport Beach homes and properties are now scheduled for Trustee Sale Auctions After Foreclosure.   Newport Beach at South OC

California law allows for purchase money loans (not mortgages) on real property and that such loans are evidenced with notes secured by deeds of trust.  Beneficiaries of the property deeds of trust in California designate a trustee for that deed.  If the person obligated on the note fails to make payments according to the note, the beneficiary starts the foreclosure by asking the trustee to file and record a notice of default.  If payments are not then made (usually within 90 days) to cure note terms within the time set forth by contract and law, the trustee would usually schedule (file and record) the trustee auction sale after foreclosure.

Here is information about three of the Newport Beach homes now scheduled for trustee sale auctions:

Address:  5 Ridgeline
Auction Date:  12-6-2010
Time:  12:00 PM
Location:  700 Civic Center Dr. West, Santa Ana, CA
Trustee:  California Reconveyance
Published Bid:  $5,548,542
Assessed value: $6,479,000
TS no. 438073-CA

400 Morning StarAddress:  400 Morning Star
Auction Date:  1-20-2011
Time:  3:00 PM
Location:  300 E. Chapman, Placentia, CA
Trustee:  Power Default Service
Published Bid:  $4,377,264
Assessed value: $4,993.000
TS no. K386703

Address:  82 Royal St. George
Auction Date:  11-22-2010
Time:  12:00 PM
Location:  700 Civic Center Dr. West, Santa Ana, CA
Trustee:  California Reconveyance
Published Bid:  $2,843,130
Assessed value: $1,195,000
TS no. 440602-CA

If you want a list of all Newport Beach homes now scheduled for trustee auction sales, please email us at ExploreProperties@gmail.com and tell us your request, name and email address.

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Newport Beach also now has 529 homes active and listed for sale with the Southern California Multiple Listing service, and average list price for those is $2,329,176.

See Baycrest homes now for sale at Newport Beach - click here for IDX link 

See Harbor View homes listings - click here for IDX link

See Balboa Island homes now for sale - click here for IDX link to MLS information

See Newport Beach condo listings - click here for IDX link

See Lido Island listings - click here for IDX link

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See separate list of Newport Beach bank owned homes now for sale - click here for active link

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Disclaimer:  This is information from public records at the County of Orange, California, is deemed reliable but not verified, is for information only and not the providing of legal, tax, or real estate services.  Bidding for and buying homes and properties at trustee sale auctions in California and Orange County is risky. Buyers must use all cash or equivalent at such auctions, and must always confirm information in advance about any foreclosure property, including physical status of any property and whether occupied prior to any bidding at auctions. Buyers should always consult with a lawyer and title insurance company before considering to make any bid to buy such property at trustee sale auctions. Buyers should work with experienced and qualified REALTOR® for bidding and buying at such auctions.

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Harrison K. Long - Business Solutions and Advisory - REALTOR® and broker associate, Coldwell Banker Residential Brokerage - Phone: 949-854-7747  -  CA DRE 01410855

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contact us here"Helping People, Moving Forward, Developing Relationships and Protecting Property Values" 

We list and sell homes and properties at Orange County, California.  Thanks for contacting us about Newport Beach and Orange County homes and properties, including those scheduled for trustee auction sales.

Posted via email from Explore OC Homes

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