Another “not fraudulent” short sale listing?

[bearishgurl]

For a full understanding, what I meant to say in my last post is that I believe the foreclosing lender in this case was subordinate, that is, they were not the 1st TD holder.

[Raybyrnes]

1.4 to 485. Does that make any sense

Property History
Date Event Price Appreciation Source
May 06, 2011 Sold (Public Records) $485,000 -94.6%/yr Public Records
Dec 22, 2010 Sold (Public Records) $1,430,000 -7.6%/yr Public Records
Dec 22, 2010 Sold (MLS) (Sold) $1,429,753 — Inactive SANDICOR #100061753
Oct 27, 2010 Pending (Contingent) — — Inactive SANDICOR #100061753
Oct 18, 2010 Listed (Active) $1,399,900 — Inactive SANDICOR #100061753
Aug 10, 2010 Sold (Public Records)
This home was foreclosed

and bank-owned

. $1,571,249 — Public Records
Feb 28, 2007 Sold (Public Records) $1,933,000 7.1%/yr Public Records
Feb 10, 1988 Sold (Public Records) $525,000 — Public Records

[Raybyrnes]

1.4 to 485. Does that make any sense

Property History
Date Event Price Appreciation Source
May 06, 2011 Sold (Public Records) $485,000 -94.6%/yr Public Records
Dec 22, 2010 Sold (Public Records) $1,430,000 -7.6%/yr Public Records
Dec 22, 2010 Sold (MLS) (Sold) $1,429,753 — Inactive SANDICOR #100061753
Oct 27, 2010 Pending (Contingent) — — Inactive SANDICOR #100061753
Oct 18, 2010 Listed (Active) $1,399,900 — Inactive SANDICOR #100061753
Aug 10, 2010 Sold (Public Records)
This home was foreclosed

and bank-owned

. $1,571,249 — Public Records
Feb 28, 2007 Sold (Public Records) $1,933,000 7.1%/yr Public Records
Feb 10, 1988 Sold (Public Records) $525,000 — Public Records

[Raybyrnes]

1.4 to 485. Does that make any sense

Property History
Date Event Price Appreciation Source
May 06, 2011 Sold (Public Records) $485,000 -94.6%/yr Public Records
Dec 22, 2010 Sold (Public Records) $1,430,000 -7.6%/yr Public Records
Dec 22, 2010 Sold (MLS) (Sold) $1,429,753 — Inactive SANDICOR #100061753
Oct 27, 2010 Pending (Contingent) — — Inactive SANDICOR #100061753
Oct 18, 2010 Listed (Active) $1,399,900 — Inactive SANDICOR #100061753
Aug 10, 2010 Sold (Public Records)
This home was foreclosed

and bank-owned

. $1,571,249 — Public Records
Feb 28, 2007 Sold (Public Records) $1,933,000 7.1%/yr Public Records
Feb 10, 1988 Sold (Public Records) $525,000 — Public Records

[Raybyrnes]

1.4 to 485. Does that make any sense

Property History
Date Event Price Appreciation Source
May 06, 2011 Sold (Public Records) $485,000 -94.6%/yr Public Records
Dec 22, 2010 Sold (Public Records) $1,430,000 -7.6%/yr Public Records
Dec 22, 2010 Sold (MLS) (Sold) $1,429,753 — Inactive SANDICOR #100061753
Oct 27, 2010 Pending (Contingent) — — Inactive SANDICOR #100061753
Oct 18, 2010 Listed (Active) $1,399,900 — Inactive SANDICOR #100061753
Aug 10, 2010 Sold (Public Records)
This home was foreclosed

and bank-owned

. $1,571,249 — Public Records
Feb 28, 2007 Sold (Public Records) $1,933,000 7.1%/yr Public Records
Feb 10, 1988 Sold (Public Records) $525,000 — Public Records

[Raybyrnes]

1.4 to 485. Does that make any sense

Property History
Date Event Price Appreciation Source
May 06, 2011 Sold (Public Records) $485,000 -94.6%/yr Public Records
Dec 22, 2010 Sold (Public Records) $1,430,000 -7.6%/yr Public Records
Dec 22, 2010 Sold (MLS) (Sold) $1,429,753 — Inactive SANDICOR #100061753
Oct 27, 2010 Pending (Contingent) — — Inactive SANDICOR #100061753
Oct 18, 2010 Listed (Active) $1,399,900 — Inactive SANDICOR #100061753
Aug 10, 2010 Sold (Public Records)
This home was foreclosed

and bank-owned

. $1,571,249 — Public Records
Feb 28, 2007 Sold (Public Records) $1,933,000 7.1%/yr Public Records
Feb 10, 1988 Sold (Public Records) $525,000 — Public Records

[UCGal]

[quote=Raybyrnes]1.4 to 485. Does that make any sense

Property History
Date Event Price Appreciation Source
May 06, 2011 Sold (Public Records) $485,000 -94.6%/yr Public Records
Dec 22, 2010 Sold (Public Records) $1,430,000 -7.6%/yr Public Records
Dec 22, 2010 Sold (MLS) (Sold) $1,429,753 — Inactive SANDICOR #100061753
Oct 27, 2010 Pending (Contingent) — — Inactive SANDICOR #100061753
Oct 18, 2010 Listed (Active) $1,399,900 — Inactive SANDICOR #100061753
Aug 10, 2010 Sold (Public Records)
This home was foreclosed

and bank-owned

. $1,571,249 — Public Records
Feb 28, 2007 Sold (Public Records) $1,933,000 7.1%/yr Public Records
Feb 10, 1988 Sold (Public Records) $525,000 — Public Records[/quote]
That one does look interesting… but I don’t think fraud was involved.

I looked up the parcel number – and got the prop tax payers names… and plugged them into a grant deed search. It appears that the most recent “sale” was a buyout between two family members. Not arms length – and one of the previous owners still owns it, just not jointly…
At least that’s what it looked like on a cursory look.

[UCGal]

[quote=Raybyrnes]1.4 to 485. Does that make any sense

Property History
Date Event Price Appreciation Source
May 06, 2011 Sold (Public Records) $485,000 -94.6%/yr Public Records
Dec 22, 2010 Sold (Public Records) $1,430,000 -7.6%/yr Public Records
Dec 22, 2010 Sold (MLS) (Sold) $1,429,753 — Inactive SANDICOR #100061753
Oct 27, 2010 Pending (Contingent) — — Inactive SANDICOR #100061753
Oct 18, 2010 Listed (Active) $1,399,900 — Inactive SANDICOR #100061753
Aug 10, 2010 Sold (Public Records)
This home was foreclosed

and bank-owned

. $1,571,249 — Public Records
Feb 28, 2007 Sold (Public Records) $1,933,000 7.1%/yr Public Records
Feb 10, 1988 Sold (Public Records) $525,000 — Public Records[/quote]
That one does look interesting… but I don’t think fraud was involved.

I looked up the parcel number – and got the prop tax payers names… and plugged them into a grant deed search. It appears that the most recent “sale” was a buyout between two family members. Not arms length – and one of the previous owners still owns it, just not jointly…
At least that’s what it looked like on a cursory look.

[UCGal]

[quote=Raybyrnes]1.4 to 485. Does that make any sense

Property History
Date Event Price Appreciation Source
May 06, 2011 Sold (Public Records) $485,000 -94.6%/yr Public Records
Dec 22, 2010 Sold (Public Records) $1,430,000 -7.6%/yr Public Records
Dec 22, 2010 Sold (MLS) (Sold) $1,429,753 — Inactive SANDICOR #100061753
Oct 27, 2010 Pending (Contingent) — — Inactive SANDICOR #100061753
Oct 18, 2010 Listed (Active) $1,399,900 — Inactive SANDICOR #100061753
Aug 10, 2010 Sold (Public Records)
This home was foreclosed

and bank-owned

. $1,571,249 — Public Records
Feb 28, 2007 Sold (Public Records) $1,933,000 7.1%/yr Public Records
Feb 10, 1988 Sold (Public Records) $525,000 — Public Records[/quote]
That one does look interesting… but I don’t think fraud was involved.

I looked up the parcel number – and got the prop tax payers names… and plugged them into a grant deed search. It appears that the most recent “sale” was a buyout between two family members. Not arms length – and one of the previous owners still owns it, just not jointly…
At least that’s what it looked like on a cursory look.

[UCGal]

[quote=Raybyrnes]1.4 to 485. Does that make any sense

Property History
Date Event Price Appreciation Source
May 06, 2011 Sold (Public Records) $485,000 -94.6%/yr Public Records
Dec 22, 2010 Sold (Public Records) $1,430,000 -7.6%/yr Public Records
Dec 22, 2010 Sold (MLS) (Sold) $1,429,753 — Inactive SANDICOR #100061753
Oct 27, 2010 Pending (Contingent) — — Inactive SANDICOR #100061753
Oct 18, 2010 Listed (Active) $1,399,900 — Inactive SANDICOR #100061753
Aug 10, 2010 Sold (Public Records)
This home was foreclosed

and bank-owned

. $1,571,249 — Public Records
Feb 28, 2007 Sold (Public Records) $1,933,000 7.1%/yr Public Records
Feb 10, 1988 Sold (Public Records) $525,000 — Public Records[/quote]
That one does look interesting… but I don’t think fraud was involved.

I looked up the parcel number – and got the prop tax payers names… and plugged them into a grant deed search. It appears that the most recent “sale” was a buyout between two family members. Not arms length – and one of the previous owners still owns it, just not jointly…
At least that’s what it looked like on a cursory look.

[UCGal]

[quote=Raybyrnes]1.4 to 485. Does that make any sense

Property History
Date Event Price Appreciation Source
May 06, 2011 Sold (Public Records) $485,000 -94.6%/yr Public Records
Dec 22, 2010 Sold (Public Records) $1,430,000 -7.6%/yr Public Records
Dec 22, 2010 Sold (MLS) (Sold) $1,429,753 — Inactive SANDICOR #100061753
Oct 27, 2010 Pending (Contingent) — — Inactive SANDICOR #100061753
Oct 18, 2010 Listed (Active) $1,399,900 — Inactive SANDICOR #100061753
Aug 10, 2010 Sold (Public Records)
This home was foreclosed

and bank-owned

. $1,571,249 — Public Records
Feb 28, 2007 Sold (Public Records) $1,933,000 7.1%/yr Public Records
Feb 10, 1988 Sold (Public Records) $525,000 — Public Records[/quote]
That one does look interesting… but I don’t think fraud was involved.

I looked up the parcel number – and got the prop tax payers names… and plugged them into a grant deed search. It appears that the most recent “sale” was a buyout between two family members. Not arms length – and one of the previous owners still owns it, just not jointly…
At least that’s what it looked like on a cursory look.

[urbanrealtor]

[quote=UCGal]
That one does look interesting… but I don’t think fraud was involved.

I looked up the parcel number – and got the prop tax payers names… and plugged them into a grant deed search. It appears that the most recent “sale” was a buyout between two family members. Not arms length – and one of the previous owners still owns it, just not jointly…
At least that’s what it looked like on a cursory look.[/quote]

Mr. Oliver deeded it to the Oliver trust 4 months after he bought it.

Sometimes people assign a dollar amount to the property (or some portion thereof or the fractional interest being deeded) at the time they do that.

Not exactly a smoking birth certificate.

People use the word fraud pretty loosely around here.

[urbanrealtor]

[quote=UCGal]
That one does look interesting… but I don’t think fraud was involved.

I looked up the parcel number – and got the prop tax payers names… and plugged them into a grant deed search. It appears that the most recent “sale” was a buyout between two family members. Not arms length – and one of the previous owners still owns it, just not jointly…
At least that’s what it looked like on a cursory look.[/quote]

Mr. Oliver deeded it to the Oliver trust 4 months after he bought it.

Sometimes people assign a dollar amount to the property (or some portion thereof or the fractional interest being deeded) at the time they do that.

Not exactly a smoking birth certificate.

People use the word fraud pretty loosely around here.

[urbanrealtor]

[quote=UCGal]
That one does look interesting… but I don’t think fraud was involved.

I looked up the parcel number – and got the prop tax payers names… and plugged them into a grant deed search. It appears that the most recent “sale” was a buyout between two family members. Not arms length – and one of the previous owners still owns it, just not jointly…
At least that’s what it looked like on a cursory look.[/quote]

Mr. Oliver deeded it to the Oliver trust 4 months after he bought it.

Sometimes people assign a dollar amount to the property (or some portion thereof or the fractional interest being deeded) at the time they do that.

Not exactly a smoking birth certificate.

People use the word fraud pretty loosely around here.

[urbanrealtor]

[quote=UCGal]
That one does look interesting… but I don’t think fraud was involved.

I looked up the parcel number – and got the prop tax payers names… and plugged them into a grant deed search. It appears that the most recent “sale” was a buyout between two family members. Not arms length – and one of the previous owners still owns it, just not jointly…
At least that’s what it looked like on a cursory look.[/quote]

Mr. Oliver deeded it to the Oliver trust 4 months after he bought it.

Sometimes people assign a dollar amount to the property (or some portion thereof or the fractional interest being deeded) at the time they do that.

Not exactly a smoking birth certificate.

People use the word fraud pretty loosely around here.

[Author]

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