Coming Soon, On Sale!

Usually I cover the properties that are on the market, and compare them with similar properties in Irvine. But today, I wanted to list the properties that will be ‘coming soon’ to the Irvine Housing Market, all of them foreclosed already.

Here are ten Irvine properties that will be on the market soon:

1. 80 Topaz, Irvine CA 92602
Auction Date: Thursday, September 13, 2012
Auction Price: $425,063
Buyer: AURORA BK FSB
Filing Date: Friday, August 31, 2012
Previous sale price: $345,000 in June 2002.

2. 206 Terra Bella, Irvine CA 92602
Auction Date: Thursday, February 10, 2011
Auction Price: $313,390
Buyer: MORGAN STANLEY 2006-3
Filing Date: Wednesday, January 26, 2011
Previous sale price: $226,000 in June 2000.

3. 1205 Terra Bella, Irvine CA 92602
Auction Date: Friday, March 2, 2012
Auction Price: $304,000
Buyer: CALIFORNIA UNITED FUND INC
Filing Date: Friday, February 17, 2012
Previous sale price: $427,000 in March 2009.

4. 16 Goldenbush, Irvine CA 92604
Auction Date: Friday, April 9, 2010
Auction Price: $430,000
Buyer: WELLS FARGO ASSET SECS 2007-1
Filing Date: Thursday, April 1, 2010
Previous Sale Price: $170,000 in April, 1998

5. 2 Mill Creek, Irvine CA 92603
Auction Date: Friday, July 9, 2010
Auction Price: $604,350
Buyer: JP MORGAN CHASE BANK NA
Filing Date: Friday, July 2, 2010
Previous Sale Price: $368,000 in November 1999

6. 35 Night Shade, Irvine CA 92603
Auction Date: Monday, February 1, 2010
Auction Price: $475,000
Buyer: STRUCTURED ASSET MTG 2005-4
Filing Date: Friday, January 22, 2010
Previous Sale: $650,000 in February 2005

7. 2253 Martin Apt 406, Irvine CA 92612
Auction Date: Friday, October 8, 2010
Auction Price: $528,930
Buyer: LEX SPECIAL ASSETS LLC
Filing Date: Thursday, September 30, 2010
Previous Sale: $528,000 in October 2010.

8. 209 Springview, Irvine CA 92620
Auction Date: Wednesday, February 2, 2011
Auction Price: $144,472
Buyer: DEUTSCHE BK NATL TRUST CO 2007-A
Filing Date: Tuesday, January 18, 2011
Previous Sale: $129,000 in June 2001.

9. 103 Nature, Irvine CA 92620
Auction Date: Wednesday, November 30, 2011
Auction Price: $346,500
Buyer: JP MORGAN ALTERNATI TRUST 2006-A7
Filing Date: Thursday, November 17, 2011
Previous Sale: $346,500 in November 2011.

10. 187 Cherrybrook Lane, Irvine CA 92618
Auction Date: Thursday, January 12, 2012
Auction Price: $423,768
Buyer: BANK OF AMERICA
Filing Date: Wednesday, January 4, 2012
Previous Sale: No public records

What do you think?
Will the controlled release of this inventory add to the banks' profit?
Will it affect the regular inventory due to move-ups and move-outs?
Considering how much of the population believes in luck, would you buy a foreclosed house?
Comment below, or discuss on Talk Irvine.


Astute Observations

Astute Observation by Jason
2012-10-08 04:56 PM

The headline reads that these units will be coming to the market soon. However, it appears the auctions have already occurred. Am I missing something here?

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