From Redding.com: After year-ago dispute, Redding home to be in foreclosure sale.
It's been nearly a year since an east Redding home was auctioned off for $375,000, then taken back by the seller after the deal was voided, the result of a legal dispute.
At one time, owner Don Shearing asked $719,000 for the 2767 Vermeer Place house.
The home was built in 2003 on a lot that sold for $75,000.
So with much fanfare, Shearing and Pacific Auction Exchange, a Redding franchise that he owns, hosted a June 15 auction -- it wasn't a foreclosure sale -- that saw Ken and Jason Jones nab the home for $375,000.
But Shearing hired a lawyer and ultimately took the house back about a month later after both sides came to an agreement.
Now the nearly 3,000-square-foot home with a pool on Vermeer Place in Carriage Glenn Estates is on the brink of being lost to foreclosure.
A notice was posted last week for a May 13 public sale, at which time the three-bedroom, three-bath home will be auctioned off on the Shasta County Courthouse steps. Balance due on the note is $333,373.
The EE has a puny mind, and can't always detangle the thickets of the average reporter's mind. Let us reconstruct the above in a logical sequential way. These seem to be the facts:
The home was originally listed for $719K, and there were no bids.
Then the home was auctioned for $375K which would've netted you somewhere between $42K and $300K.
Instead, you sued the winners of the auction, paid the lawyer's fees, and you won. You won all right. You showed those miserable cowpokes who was boss.
Then, you relisted, got no bidders, and went into foreclosure instead.
What can the EE say?
Greed, arrogance, and stupidity are a deadly combo, yes?
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