Let’s see… According to property records this guy never made any money flipping houses.
He may have made money in the mortgage business but it certainly didn’t go to pay-off his mortgage.
He refinance his Del Mar house numerous times, each time taking out more and more. It looks like the latest notes are:
1/13/2006 WAMU 731,900 first
10/6/2007 WAMU 160,000 2nd
Maybe the money went to the condo downpayment or into the “develpment” cost of the surf board. What a goofy idea. I doubt a motorized surf board will make it. If anything, it’s dangerous and will cause injuries and lawsuits.
