Dingo I am not doubting you but here is what I dug up on the MLS. On the MLS listing history report for the property at 244 Leucadia I see the following:
Original list date 6/29/06 priced at 680-710
Revise Price on 9/5/06 to 599.9 – 649
Change to Pending (entered escrow) 11/9/06
Change back to Active (defaulted escrow) 12/4/06
Change CBB from 2.5 down to 2.25% on 12/12/06
Change to Pending (entered escrow) 12/16/06
Change back to Active (defaulted escrow) 1/12/07
Change Price from 599.9 – 649 to 610-649 on 1/12/07
Change to Pending (entered escrow) on 2/9/07
Change back to Active (entered escrow) on 2/12/07
Change to Pending (entered escrow) on 3/2/07
Change to Sold (closed escrow) on 4/11/07
Buyers took out a first for 512 and a second for 63.8. So they actually came in with a non trivial amount of cash. Listing agent was from Windermere Properties and the selling agent was from Del Mar Realty Association. To be honest I do not feel there is any fraud involved with this particular transaction. There did not seem to be any peculiar pricing, and there were plenty of offers. Also this property was subject to a short sale so I find it VERY hard to believe this was a case of fraud.
