Remember 7487 N SECRET CANYON DR - the house I talked about last week in the Canyon’s that was listed earlier this month as a short sale for $1,650,000 – that is after failing to sell as a normal sale for $3,490,000, reduced from its debut price of $4.7.
Where I wrote > And last but not least, the house I mentioned the other day in the Canyons that was just listed as a short sale, but (mysteriously) only listed in the Phoenix MLS is reported under contract after just 5 days.
well get this, from a January 7, 2011 article
By Roger Yohem, Inside Tucson Business
More foreclosures: Owls Club, apartment complex, 2 luxury homes
A trustee’s sale notice has been filed on a $3.1 million luxury home in the Catalina Foothills, owned by executives of an international real estate development company who tout their financial expertise in helping clients with “extraordinary investment opportunities.”
The 3.3-acre, five-bedroom home, at 7487 N. Secret Canyon Drive, is owned by Businge Stephen Balinda and Joanne Carras, husband and wife, according to public records. The two are principals with Global Economic Strategies LLC with offices in California and Athens, Greece.
The company’s website lists Carras as the firm’s chief executive officer and managing partner, and Balinda as president and partner.
The 7,320 square foot, two-story home was built in 2009 and currently is listed for sale with Long Realty for $3.49 million. The home has a pool, swim-up bar, barbecue fireplace, putting green, five bathrooms, five fireplaces, and a three-car garage, according to Long Realty. It is in the Canyons development, an exclusive area by the Finger Rock trailhead at the north end of Alvernon Way.
Carras founded Global Economic Strategies in 2001. Her career experience includes 10 years with the Federal Deposit Insurance Corporation as a supervisory project manager and real estate asset specialist. She also served as assistant deputy mayor and director of economic development for the City of Los Angeles and, according to the Global Economic Strategies website, currently serves on the Castaic Area Town Council in northern Los Angeles County. It also lists Balinda as having served in the President Ronald Reagan’s Administration an African diplomat.
CitiMortgage of Missouri holds the note, according to the trustee’s sale notice. CR Title Services, O’Fallon, Mo., is scheduled to auction the property at 11:30 a.m., March 15, at the Pima County Courts Building, 110 W. Congress St.
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Thanks to Caroline Freedman, a reader and a Realtor with Tierra Antigua Realty, for sending the link to the article.
Now that the house is in contract, and marked as PENDING, and therefore dangerously close to closing, it will be interesting to see if the auction goes off as planned or if the mystery buyer gets the keys.
Anyone with more information, if you’d like to share it we’d like to have it.
Thank you.
see thefoothillsToday.com
to find your Foothills home
Nice! Who's the mystery buyer?
Posted by: cherry hill luxury homes | October 12, 2011 at 02:42 AM
SOLD!
Posted by: WCAGA | May 18, 2011 at 11:48 AM
wow wow wow
Posted by: Pete | March 30, 2011 at 08:10 AM
it looks like they beat the grim reaper. and better yet, the deal now shows as PENDING - the good housekeeping seal of approval for clear sailing to COE
JS
Posted by: john schneider | March 23, 2011 at 08:38 PM
so did he get a contract before the auction took place to stall the process....
Posted by: WCAGA | March 23, 2011 at 03:06 PM
given their financial wizardly in 'extroadinary investment opportunities' it doesn't seem out of the question, eh
Posted by: john schneider | March 23, 2011 at 09:49 AM
are we thinking that Carras or Balinda may be the "mystery buyer"? hmmmmmmm......
Posted by: WCAGA | March 23, 2011 at 06:48 AM