Condo hits the market
JULY 21, 2025 — The foreclosed condo at 1628 Vista Del Sol has been placed on the market. Asking price is $600,000, which is below the amount of the debt that was due on the property when the previous owner died, sending the unit into foreclosure. See the listing.
Condo reverts to reverse mortgage holder
JULY 16, 2025 — 1628 Vista Del Sol was foreclosed on July 7, 2025. The Edgewater Isle North condo had a lien from the North Association and an outstanding "reverse mortgage" loan. In the end, the condo reverted to the reverse mortgage holder.
Document 2025-034210 recorded in San Mateo County show this condo's Trustee's Deed Upon Sale, and it shows the total amount of unpaid mortgage on the condo was $613,752. The condo was purchased in 1998 for $180,000 by the now-deceased former owner.
The Edgewater Isle North Homeowners Association lien was $25,919.68, but also claims a "non-lienable" amount of $4,768, for a claimed total debt of $30,687.68.
Previously reported
FEBRUARY 23, 2025 — A one bedroom unit in the North is facing its latest foreclosure proceedings. 1628 Vista Del Sol previously faced a small claims lawsuit for unpaid dues in 2017, as well as foreclosure proceedings by the North and Master Associations in 2022, proceedings that were never completed. Now, in 2025, a mortgage holder has filed a Notice of Default for $585,344.
But this time it's different: the owner of this unit died in November 2024. Has anyone even received the notice of default? The estate's executor has apparently not executed the estate of the descedant. A foreclosure sale could occur as early as April 2025.
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