I haven’t checked with the SOS but it is also possible that Fred Licht (not Light) is or was a principal in JLH “Mortgage Co,” the orig 2nd TD holder on this property. He could have taken it from Liebke in lieu of foreclosure.
No matter WHO the new “owner” is, persons who deed their properties to “equity purchasers” on the eve of trustee’s sale are usually desperate for “walking money.” I don’t know how long Liebke collected rent while in default on all of his TD’s but it could have been 3.5 years or longer.
Not sure if this property was bought FF. It appears to be subprime.
I will take an educated guess here that Licht and/or his associates are trying to work with the defaulted lenders to get rid of all the late charges/trustees fees, cram down a little and pay them off. I do NOT know what is currently owed or how much the property is worth. Perhaps Licht’s alter-ego “Brookside Land Trust” is a REIT of spec builders in the area or had something to do with the funding/building of the tract.
