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  • August 26, 2007 at 11:10 AM #10043
    rbeast
    Participant

    For realtor/broker types on this forum:

    could you provide history re: this house (ie., current debt obligation)? Noticed sellers dropped list price $1 million dollars on 8/24 to 2.5 million (from previous high list price in 3/07 of $4.5 million).

    I see it’s now a short sale – thx!!

    August 26, 2007 at 2:23 PM #81222
    SD Realtor
    Participant

    Currently active at 2.5M and on the market for 152 days. Not sure where you saw the 4.5M but the original list price when it came on the market was 3.9M and it was listed on 3/27/07. Perhaps it was listed before that at 4.5M but I didn’t find it in my search. I typed Old Winery in the street name and searched from there. So maybe I missed it.

    They bought the home for 1.65M in July of 04. I don’t know the original financing on it but they have a recording on 10/05 for 170k, then another for 360k on 11/05 then another for 1.8M on 11/05 and then another for 990k on 11/30. The timing of the refinances appears to indicate that they were pulling some hanky panky on the lenders.

    These people will easily loose their home and the lenders will have seen a million bucks evaporate.

    SD Realtor

    August 26, 2007 at 2:23 PM #81353
    SD Realtor
    Participant

    Currently active at 2.5M and on the market for 152 days. Not sure where you saw the 4.5M but the original list price when it came on the market was 3.9M and it was listed on 3/27/07. Perhaps it was listed before that at 4.5M but I didn’t find it in my search. I typed Old Winery in the street name and searched from there. So maybe I missed it.

    They bought the home for 1.65M in July of 04. I don’t know the original financing on it but they have a recording on 10/05 for 170k, then another for 360k on 11/05 then another for 1.8M on 11/05 and then another for 990k on 11/30. The timing of the refinances appears to indicate that they were pulling some hanky panky on the lenders.

    These people will easily loose their home and the lenders will have seen a million bucks evaporate.

    SD Realtor

    August 26, 2007 at 2:23 PM #81375
    SD Realtor
    Participant

    Currently active at 2.5M and on the market for 152 days. Not sure where you saw the 4.5M but the original list price when it came on the market was 3.9M and it was listed on 3/27/07. Perhaps it was listed before that at 4.5M but I didn’t find it in my search. I typed Old Winery in the street name and searched from there. So maybe I missed it.

    They bought the home for 1.65M in July of 04. I don’t know the original financing on it but they have a recording on 10/05 for 170k, then another for 360k on 11/05 then another for 1.8M on 11/05 and then another for 990k on 11/30. The timing of the refinances appears to indicate that they were pulling some hanky panky on the lenders.

    These people will easily loose their home and the lenders will have seen a million bucks evaporate.

    SD Realtor

    August 26, 2007 at 2:53 PM #81237
    bsrsharma
    Participant

    They bought the home for 1.65M in July of 04. ………

    10/05 for 170k, then another for 360k on 11/05 then another for 1.8M on 11/05 and then another for 990k on 11/30 ………

    they were pulling some hanky panky on the lenders.

    All this in 16 months. Hard to believe lenders were innocent. Can you tell who the lenders are?

    August 26, 2007 at 2:53 PM #81367
    bsrsharma
    Participant

    They bought the home for 1.65M in July of 04. ………

    10/05 for 170k, then another for 360k on 11/05 then another for 1.8M on 11/05 and then another for 990k on 11/30 ………

    they were pulling some hanky panky on the lenders.

    All this in 16 months. Hard to believe lenders were innocent. Can you tell who the lenders are?

    August 26, 2007 at 2:53 PM #81389
    bsrsharma
    Participant

    They bought the home for 1.65M in July of 04. ………

    10/05 for 170k, then another for 360k on 11/05 then another for 1.8M on 11/05 and then another for 990k on 11/30 ………

    they were pulling some hanky panky on the lenders.

    All this in 16 months. Hard to believe lenders were innocent. Can you tell who the lenders are?

    August 26, 2007 at 2:59 PM #81396
    rbeast
    Participant

    I often walk past this house & was always amazed that occupants were on the sunny side of 30 with multiple high- end autos (all with Alaska plates) and constant in-progress renovations! The past few weekends, occupants were loading massive move-it-yourself trailers with their possessions.

    Perhaps I’m wrong but I thought initial flyer had price range listed from 3.5 to 4.5.

    Thanks for your time on this, SD Realtor – be interesting to see where this lands.

    August 26, 2007 at 2:59 PM #81374
    rbeast
    Participant

    I often walk past this house & was always amazed that occupants were on the sunny side of 30 with multiple high- end autos (all with Alaska plates) and constant in-progress renovations! The past few weekends, occupants were loading massive move-it-yourself trailers with their possessions.

    Perhaps I’m wrong but I thought initial flyer had price range listed from 3.5 to 4.5.

    Thanks for your time on this, SD Realtor – be interesting to see where this lands.

    August 26, 2007 at 2:59 PM #81243
    rbeast
    Participant

    I often walk past this house & was always amazed that occupants were on the sunny side of 30 with multiple high- end autos (all with Alaska plates) and constant in-progress renovations! The past few weekends, occupants were loading massive move-it-yourself trailers with their possessions.

    Perhaps I’m wrong but I thought initial flyer had price range listed from 3.5 to 4.5.

    Thanks for your time on this, SD Realtor – be interesting to see where this lands.

    August 26, 2007 at 9:58 PM #81373
    sdrealtor
    Participant

    Previous owner listed as JJ Moores. Could it be?

    August 26, 2007 at 9:58 PM #81505
    sdrealtor
    Participant

    Previous owner listed as JJ Moores. Could it be?

    August 26, 2007 at 9:58 PM #81526
    sdrealtor
    Participant

    Previous owner listed as JJ Moores. Could it be?

    January 28, 2008 at 5:44 PM #144201
    fencesitter123
    Participant

    I have watched this house sit on the market since it was first described on this forum ( I live in the area). I was wondering if someone could explain the following:
    SDLookup stated NOD was filed 10/12/07. I kept watching to see how long it would take to go into foreclosure but now the date of NOD has changed to January 16 2008. Can anyone explain this?

    January 28, 2008 at 5:44 PM #144541
    fencesitter123
    Participant

    I have watched this house sit on the market since it was first described on this forum ( I live in the area). I was wondering if someone could explain the following:
    SDLookup stated NOD was filed 10/12/07. I kept watching to see how long it would take to go into foreclosure but now the date of NOD has changed to January 16 2008. Can anyone explain this?

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