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Articles Recently Tagged: Foreclosure Auctions

(47 posts)
On The Verge Of Being Un-Acquired.  Again.

On The Verge Of Being Un-Acquired. Again.

Previous owners of the Pacific Heights home at 1945 Franklin Street have included Nicholas Cage, Howard Grossman, and Patricia Arquette. And as plugged-in people know, the infamous Excalibur with “ACQUIRE” license plates currently resides in the garage. As we reported when 1945 Franklin was scheduled to be un-acquired on... Read More »

A Foreclosed Upon Noe Home Sells For Over…What Wells Was Owed

A Foreclosed Upon Noe Home Sells For Over…What Wells Was Owed

As we reported last month: With a 2008 era mortgage for $910,000 long past due, last year Wells Fargo foreclosed upon the Noe Valley home of Kathryn Galves at 1164 Church Street . Ms.... Read More »

San Francisco Foreclosure Trends And 2011 Retrospective

Pre-foreclosure activity in San Francisco has ticked up from 549 properties in the pipeline in August to 611 today, 39 percent of which are in District 10*. On a year-over-year basis, pre-foreclosure activity is relatively flat with 605 properties in the pipeline in January 2011, 34 percent of which... Read More »

The San Francisco Foreclosure Rigging Four

Among eight Northern California real estate investors who have pleaded guilty to rigging public foreclosure auctions are Laith Salma, Patrick Campion, Keith Goodman and Craig Lipton, all of San Francisco. The men agreed not to bid against each other for foreclosed properties auctioned off outside the county courthouse in Redwood... Read More »

Going On Four Years Of “Free” Foreclosure Living Over In Noe Valley

Going On Four Years Of “Free” Foreclosure Living Over In Noe Valley

Speaking of kicking the foreclosure can down the road, as we first wrote in May 2008: Described as a “gut check for SF realtors” when it sold on 6/1/2005 (establishing a new Noe Valley neighborhood comp at $1,500,000), 869 Alvarado appears to have been refinanced a few times since... Read More »

While A Big One Sells, Another Is Scheduled For The Steps

While A Big One Sells, Another Is Scheduled For The Steps

As we wrote about 818 Steiner this past February: Built for Louis Hartter, his wife Emily Geisel and their five children in 1899, the 5,693 finished square feet of 818 Steiner were completely refinished between 2004 when purchased for $1,620,000 and 2007 when sold for $3,400,000. It’s now four... Read More »

If You Think You Know Noe Now’s The Time To Tell

If You Think You Know Noe Now’s The Time To Tell

As best we can tell, we’ve got a perfect clean Noe Valley apple on the tree at 113 Valley. And even better, a sale pair that should be relatively year-over-year. Purchased for $1,155,000 in October 2009, the “gorgeous light filled Victorian Home in great Noe location” was just listed... Read More »

San Francisco Bucks CA Foreclosure Trends, But Not In A Good Way

Perhaps not as dangerous as some bad LSD, but there’s some bad data being passed around San Francisco by a brokerage or two with respect to market distress. Or more accurately, the reports appear to be missing the context which would allow one to understand what’s actually happening in... Read More »

1945 Franklin On The Verge Of Being Un-Acquired

1945 Franklin On The Verge Of Being Un-Acquired

As a plugged-in reader notes, the six bedroom home at 1945 Franklin is scheduled to hit the courthouse steps on September 16 with $5,684,086 owed as of August 2009. Purchased in June of 2005 for $3,000,000 with a $2,350,000 first and a $790,000 construction loan second (yes, that’s over... Read More »

351 California Sells At Auction For $35 Million To Stalking Horse Bid

In 2009 Luke Brugnara’s Brugnara Properties lost 351 California to foreclosure. As plugged-in people know, the building had been encumbered with a first mortgage of roughly $33 million and a second of roughly $11 million. Yesterday 351 California sold in a court ordered auction for its stalking horse bid... Read More »