Foreclosures | April 23, 2010 | Palo Alto Weekly | Palo Alto Online |

Palo Alto Weekly

Real Estate - April 23, 2010

Foreclosures

Foreclosures are provided by California REsource, a real estate information company that obtains the information from the County Recorder's Office. The date is the recorded date of the deed when the lender took title to the property. The price is what the lender paid for it (usually the mortgage balance plus foreclosure fees). Each property is now owned by the lender and is for sale, or will be for sale soon, individually or through public auction. Individuals should contact a Realtor for further information.

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Comments

Posted by EPA Resident, a resident of East Palo Alto
on Apr 23, 2010 at 12:30 pm

Wow, who is this Redus Woodland that has all those foreclosed properties in East Palo Alto? Does this entity have any relation to Page Mill Properties?


Posted by Jennifer Bestor, a resident of Menlo Park
on Oct 7, 2010 at 1:40 pm

It would appear to be a Wachovia (Wells Fargo) holding company for the foreclosed assets of Page Mill Properties.


Posted by mary, a resident of East Palo Alto
on Jul 3, 2011 at 2:10 pm

To answer someone's query, Redus is the new name for the infamous Page Mill Properties, who foreclosed, and then reopened under a new name under which they are "working with" the bank and apparantly trying to buy back the property--at the lower price, resulting in a loss to their investors, State of California employees retirement fund.
although foreclosed, the bank is not open to selling individual properties, limiting the purchase and use of these homes by "ordinary people" and the reintegrating of these properties into the community and away from gouging investors who evict ordinary tenants.


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