Townhouse sells waaaaay under asking price
A second three-bedroom, two bathroom townhouse has sold way under asking price (a short sale) at Edgewater Isle.
1916 Vista Cay had been on the market for several months, beginning with its last prior sale price as its asking price of $689,000 before being cut to $599,000, and finally $499,000. There were several auction foreclosure dates set, and the townhouse sold for $550,00 in April 2008, 20% below its previous sale price in June 2006.
1916 Vista Cay was scheduled for auction on March 6, 2008 April 9, 2008. This was the second 3-bedroom, 2-bathroom unit scheduled for auction that March. Its neighbor, 1917 Vista Cay, was also scheduled for auction.
NOTICE OF TRUSTEE'S SALE
Trustee Sale No. 222925CA
Loan No. 0698049426
Title Order No. 602094373
YOU ARE IN DEFAULT UNDER A DEED OF TRUST DATED 04/21/2006. 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 03/06/2008 at 01:00 PM, CALIFORNIA RECONVEYANCE COMPANY as the duly appointed Trustee under and pursuant to Deed of Trust Recorded 04/28/2006, Book - , Page - , Instrument 2006-062984 of official records in the Office of the Recorder of SAN MATEO County, California, executed by: SANDRA SCHWARTZ, A MARRIED WOMAN AS HER SOLE AND SEPARATE PROPERTY, as Trustor, LONG BEACH MORTGAGE COMPANY, as Beneficiary, will sell at public auction sale to the highest bidder for cash, cashier's check drawn by a state or national bank, a cashier's check drawn by a state or federal credit union, or a cashier's 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. Sale will be held by the duly appointed trustee as shown below, of all right, title, and interest conveyed to and now held by the trustee in the hereinafter described property under and pursuant to the Deed of Trust. The 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 the Deed of Trust, interest thereon, estimated fees, charges and expenses of the Trustee for the total amount (at the time of the initial publication of the Notice of Sale) reasonably estimated to be set forth below. The amount may be greater on the day of sale.
Place of Sale: THE MARSHALL STREET ENTRANCE TO THE HALL OF JUSTICE AND RECORDS, 400 COUNTY CENTER , REDWOOD CITY, CA Legal Description: PARCEL I: BUILDING 16, UNIT 5, AS SHOWN ON THAT CERTAIN CONDOMINIUM PLAN (HEREINAFTER REFERRED AS THE ''PLAN'') FILED IN THE OFFICE OF THE RECORDER OF THE COUNTY OF SAN MATEO, STATE OF CALIFORNIA ON AUGUST 29, 1984, AS DOCUMENT NO. 84095952 AND RE-RECORDED ON OCTOBER 5, 1984, AS DOCUMENT NO. 84108510, AND RE-RECORDED NOVEMBER 13, 1984, AS DOCUMENT NO. 84121764. EXCEPTING THEREFROM ANY PORTION OF COMMON AREA LOT 6 LYING WITH SAID UNIT. PARCEL II: TOGETHER WITH THE FOLLOWING APPURTENANT EASEMENTS: 1. NON-EXCLUSIVE EASEMENTS FOR INGRESS AND EGRESS AND SUPPORT OF SAID PARCEL A THROUGH THE COMMON AREA (LOT 6) AND FOR REPAIR OF SAID PARCEL A THROUGH ALL OTHER UNITS AND THROUGH THE COMMON AREA. 2. AN EXCLUSIVE EASEMENT TO USE THE PATIO AREA ''PT-16-5'', AS SHOWN AND DEFINED ON THE PLAN. 3. AN EXCLUSIVE EASEMENT TO USE THE PARKING SPACE ''P-16-5'' AS SHOWN AND DEFINED ON THE PLAN. 4. AN EXCLUSIVE EASEMENT TO USE THE GARAGE AREA, IF ANY ''G-16-5'' AS SHOWN AND DEFINED ON THE PLAN. PARCEL III: AN UNDIVIDED 1/22ND INTEREST AS TENANT IN COMMON IN AND TO THE COMMON AREA LOT 6 SHOWN ON THAT CERTAIN MAP ENTITLED ''EDGEWATER ISLE UNIT NO. 1'', RECORDED IN BOOK 111 OF MAPS AT PAGES 2 AND 3 RECORDS OF SAN MATEO COUNTY, CALIFORNIA. EXCEPTING AND RESERVING ALL METALS, MINERALS, PETROLEUM, NATURAL GAS AND OTHER HYDROCARBON SUBSTANCES IN AND UNDER SAID LAND THAT MAY BE PRODUCED FROM A DEPTH BELOW 500 FEET BENEATH THE SURFACE THEREOF, WITHOUT THE RIGHT OF ENTRY UPON THE SURFACE THEREOF. PARCEL IV: A NON-EXCLUSIVE EASEMENT FOR INGRESS AND EGRESS OVER THOSE CERTAIN PRIVATE ROAD WITHIN LOTS 1 THROUGH 5 AND 7 THROUGH 9 INCLUSIVE AS SAID ROADS AND LOTS ARE SHOWN ON SAID MAP OF EDGEWATER ISLE UNIT NO. 1 (BOOK 111 OF MAPS AT PAGES 2 AND 3) AND LOT 2 OF EDGEWATER PARK (BOOK 109 OF MAPS AT PAGE 66) AS AND ONLY TO THE EXTENT THAT SAID EASEMENTS ARE SET FORTH AND DEFINED IN ARTICLE II SECTION 2.4C AND 2.5 OF THE ENABLING DECLARATION RECORDED UNDER DOCUMENT NO. 84000930.
Amount of unpaid balance and other charges: $595,609.12(estimated) Street address and other common designation of the real property: 1916 VISTA CAY SAN MATEO, CA 94404 APN Number: 108-750-050-8
The undersigned Trustee disclaims any liability for any incorrectness of the street address and other common designation, if any, shown herein. The property heretofore described is being sold as is.
CALIFORNIA RECONVEYANCE COMPANY, as Trustee
(714) 259-7850 or www.fidelityasap.com
(714) 573-1965 or www.priorityposting.com
CALIFORNIA RECONVEYANCE COMPANY IS A DEBT COLLECTOR ATTEMPTING TO COLLECT A DEBT. ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE. DEBORAH BRIGNAC, VICE PRESIDENT 9200 OAKDALE AVE MAILSTOP N110612 CHATSWORTH, CA 91311 ASAP# 986728
02/15/2008, 02/22/2008, 02/29/2008
2/15, 2/22, 2/29/08
EXAMINER - SAN MATEO