Foreclosures, anyone?

Foreclosure Sign

I am frequently asked by folks for information about foreclosure properties. There aren’t a lot of foreclosures going on in Santa Cruz County (yet!) – however, there are some. How can you get in on them?

One great way is to check the Santa Cruz Sentinel’s Legal Notices for notices of foreclosure auctions. The URL for this is:

When you are in there, you can set up a recurring search to have new legal notices sent to you every day. You can then read these notices for information about foreclosures. Here is an example of a legal notice for a foreclosure (trustee’s sale) that was sent recently to me in just this way:

Trustee Sale No. 9529739-DJW Loan No. P708 Title Order No. APN 091-141-25 TRA No. NOTICE OF TRUSTEE’S SALE YOU ARE IN DEFAULT UNDER A DEED OF TRUST DATED 3/28/2005 UNLESS YOU TAKE ACTION TO PROTECT YOUR PROPERTY, IT MAY BE SOLD AT A PUBLIC SALE. IF YOU NEED AN EXPLANATION OF THE NATURE OF THE PROCEEDINGS AGAINST YOU, YOU SHOULD CONTACT A LAWYER. On 2/3/2006 at 2:00pm, SANTA CRUZ TITLE COMPANY, A CALIFORNIA CORPORATION as the duly appointed Trustee under and pursuant to Deed of Trust Recorded on 04/08/2005, Instrument 20050022895, Book NA, Page NA of official records in the Office of the Recorder of SANTA CRUZ County, California, executed by: LOAN PHAM, AN UNMARRIED WOMAN, as Trustor, DANIEL Z. NACHMAN TRUSTEE AND ARTHUR PAUL BURTON III, as Beneficiary, WILL SELL AT PUBLIC AUCTION TO THE HIGHEST BIDDER FOR CASH (payable at time of sale in lawful money of the United States, by cash, a cashier’s check drawn by a state or national bank, a check drawn by a state or federal credit union, or a check drawn by a state or federal savings and loan association, savings association, or savings bank specified in section 5102 of the Financial Code and authorized to do business in this state). At: THE MAIN LOBBY OF SANTA CRUZ TITLE COMPANY, 201 RIVER STREET, SANTA CRUZ, CA 95060, all right, title and interest conveyed to and now held by it under said Deed of Trust in the property situated in said County, California describing the land therein: SEE EXHIBIT A ATTACHED HERETO AND MADE A PART HEREOF EXHIBIT A Situate in the County of Santa Cruz, State of California and described as follows: The North ½ of the south ½ of the Southwest ¼ of the Southwest ¼ of Section 18, township 9 south, range 1 west, Mount Diablo Base and Meridian. Excepting therefrom that portion lying west of the centerline of East Zayante Road. APN: 091-141-25 The property heretofore described is being sold “as is”. The street address and other common designation, if any, of the real property described above is purported to be: 14335 TREEHOUSE WAY, LOS GATOS, CA 95003. The undersigned Trustee disclaims any liability for any incorrectness of the street address and other common designation, if any, shown herein. Said sale will be made, but without covenant or warranty, expressed or implied, regarding title, possession, or encumbrances, to pay the remaining principal sum of the note(s) secured by said Deed of Trust, with interest thereon, as provided in said note(s), advances, if any, under the terms of the Deed of Trust, estimated fees, charges and expenses of the Trustee and of the trusts created by said Deed of Trust, to-wit: $99,622.56 (Estimated) Accrued interest and additional advances, if any, will increase this figure prior to sale. The beneficiary under said Deed of Trust heretofore executed and delivered to the undersigned a written Declaration of Default and Demand for Sale, and a written Notice of Default and Election to Sell. The undersigned caused said Notice of Default and Election to Sell to be recorded in the county where the real property is located and more than three months have elapsed since such recordation. DATE: 1/9/06 SANTA CRUZ TITLE 201 RIVER STREET SANTA CRUZ, CA 95060 (831) 476-9090 /s/ Debb-ie Welty, Asst. Secretary 1/13, 20, 27 1366872

Maybe you can pick up a property cheap this way…and when you want to sell it, please keep us in mind to help you get the maximum sale price!

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Seb Frey helps long-time Bay Area homeowners make their next move easily the next one yet. If you're looking for a minimum of hassle, maximum net cash on sale, and certain results, contact Seb today.