137 Faith Street
Purchased for $650,000 in July of 2005 with a first mortgage for $417,000, a second for $125,000 and $108,000 down, a year ago a notice of default was first filed for the property at 137 Faith, the first mortgage for which was already $19,666 past due at the time.
Postponed once before, tomorrow the small northern Bernal Heights home is once again scheduled to hit the courthouse steps with $447,041 owned on that first as of this past July.
As we reported back in 2009, the short sale of 110 Faith Street closed escrow with a reported contract price of $550,000 that September, 24% under its $720,000 purchase price recorded in October 2005.
You’ve Gotta Have Shouldn’t Have Had Faith: The Follow-Up [SocketSite]

Comments from Plugged-In Readers

  1. Posted by vanillablue

    Meanwhile, they are asking $949K (or $621/sf) for 146 Faith. Good luck with that.
    In San Francisco, Faith is a dead-end street.

  2. Posted by eddy

    That house looks awfully surprised. :0

  3. Posted by Rillion

    If it was painted red it would be a perfect match for one of the Blockheads from the Gumby show.

  4. Posted by bernalkid

    Slate on the stairs would have been killer.

  5. Posted by Brahma (incensed renter)

    Well, I think the bank will have no trouble getting the $447k on this at auction. The question is: is that going to be the actual minimum bid or will it be higher since there was a second mortgage?
    In any event, I’m sure we’ll see this come up again for sale within twelve months as a foreclosure flip.

  6. Posted by jack

    Sold for $750,000 on 8/2/2013. Whew.

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