Alpine County Foreclosures
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Alpine Real Estate Relocation and Information
Markleeville is not only the county seat of Alpine County of the US state of California but it is also a census-designated place (CDP) with a population of 197 at the census of 2000. Being the smallest county Alpine County of the state of California in US, with a population of 1208 at the 2000 consensus, it is without any cities incorporated in the county.
In this county the median income for a household and for a family are $41,875 and $50,250, with males and females having median incomes of $36,544 and $25,800.With a per capita income of $24,431 this County has 19.5% of its population below poverty line.
With the rise in the foreclosures California is placed sixth with 11.5 fillings per 1000 households. Presently the Alpine County including Markleeville is not witnessing much of foreclosures. Current listings show only one pre-foreclosure property in the Alipne County. The price of this foreclosure property is $163,200.
The starting value for bid is usually the mortgage value. The trustees of foreclosures in California have the right to ask the bidder to pay the entire bid amount, either in check or cash. Hence the bidder should be ready with cash if he wants the property. The California law enables the lender to fix the schedule for the foreclosure sale as soon as three months after the default notice is received by the borrower. The notice usually goes out to the borrower after he has failed a couple of repayments. With this the foreclosure case usually starts.
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