Looking for a condo in Shasta Lake City? Well, despite that, we are featuring this one as our FDotD from the recent REO harvest. It’s priced attractively, although we are not provided with an idea about the HOA dues in the listing. A prior listing from just before foreclosure says the HOA collects $28 a month, more or less, for water only. So that’s a bit of a question mark. It looks nice enough, and hey it comes with a fridge. Possible Housing Assistance Program candidate? We can help you find out if you qualify for that forgivable loan of up to 40% of the financing. Representing the unnamed bank/seller is Kevin Burns of Coldwell Banker. He writes of it:

“New foreclosure in Shasta Lake. This condo features 2 bedrooms, 1 1/2 bathrooms and approx 972 square feet. Other features include: 1-car garage and back patio area.”

Well, it was built in 1982, so not really new so much as newly foreclosed. We can show you inside this one if it piques your interest.

Call (530) 244 7603

We can show you any home for sale around here, foreclosed or not. We rely on your calls and referrals, so thanks for calling!

View Larger Map;Thanks Google!

A couple of legislative items caught our eye recently. It might be called the “shut the barn door after the cows have all left,” but instead, it’s labeled the Biggert Bill to increase transparancy at the GSEs. And Senator Dodd, who received a sweetheart loan from now failed Countrywide Mortgage, is complaining about proposed bank regulation. Shocking! Ahem. Well, we get the government we deserve. And apparently that’s nothing new.

“Mr. Volcker told the committee his proposal was designed to prevent the next financial crisis. “I tell you sure as I am sitting here, that if banking institutions are protected by the taxpayer and they are given free rein to speculate, I may not live long enough to see the crisis, but my soul is going to come back and haunt you,” Mr. Volcker said.”

We applaud Paul Volcker’s pledge to haunt our already soul-less legislators.

Tagged as: Shasta Lake City