South Laguna Beach Home Scheduled for Foreclosure Auction

By
Real Estate Agent with Elite Home Sales Team OC BRE# 02066030

A home on the ocean front in South Laguna Beach is scheduled for foreclosure auction.  The reason that I bring up the point (if you have been following my blog today) is that again all of the segments of the market are severly affected by the lack of jobs.  I would have said recession but I heard that the recession is over.

California has been hit hard across all socio-economic strada.   If I would have told you 4 years ago that the an ocean front property would be lossed to foreclosure in Laguna Beach you would have laughed in my face.  It was unthinkable.

The unpaid amount on this home is $6,9093,359.25 according the Orange County Register.  The foreclosure auction date for this ocean front home in South Laguna Beach is scheduled for October 28,2010.

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Rainmaker
820,770
Juli Vosmik
Dominion Fine Properties - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Hey, Elite - what price?  69 million?  I have to say you cracked me up with that recession's over thing.  Try telling that to the  10.9%  of the people out of work in Arizona.  But, hey, if the media says it, it must be true!!!!

Oct 18, 2010 07:41 PM #1
Rainmaker
849,042
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Yeah I know it is what we are suppose to believe.

Oct 19, 2010 02:49 AM #2
Ambassador
2,297,713
1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Will they take mastercard or a personal check.. :)

NO?  Hmm.. that'll leave me out.

Oct 20, 2010 02:50 PM #3
Rainmaker
2,498,772
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

That is definitely out of my price range and also for all my buyers :)

Oct 20, 2010 05:20 PM #4
Rainmaker
849,042
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Sorry Judi

It is true they will not take a credit card but they will take checks.  LOL

Oct 20, 2010 06:10 PM #5
Rainmaker
849,042
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Rebecca

Keep your eyes open someone may come into your life wanting a home by the beach in Laguna.

Oct 20, 2010 06:11 PM #6
Rainmaker
346,318
Dawn Maloney
RE/MAX Trinity Northeast Ohio Real Estate Specialist - Hudson, OH
330-990-4236 Hudson & Northeastern Ohio

I like your market's price point. I think I will move to where YOU live! We have a total buyer's market here and not many buyers!!

Oct 27, 2010 01:51 AM #7
Rainmaker
849,042
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Dawn

Our market is a bit short on buyers also.

Oct 27, 2010 03:02 AM #8
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Rainmaker
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