Interesting short sale(s) in Del Mar

[UCGal]

[quote=DataAgent]And a former Charger player had 8 babies with 6 young girls. In today’s world it’s a big yawn….[/quote]
You’re probably right.
Now if it were Lindsay Lohan people might be interested. LOL

[SD Realtor]

With the way our city officials run things I think we would all be more surprised if it was NOT a former city official.

[SD Realtor]

With the way our city officials run things I think we would all be more surprised if it was NOT a former city official.

[SD Realtor]

With the way our city officials run things I think we would all be more surprised if it was NOT a former city official.

[SD Realtor]

With the way our city officials run things I think we would all be more surprised if it was NOT a former city official.

[SD Realtor]

With the way our city officials run things I think we would all be more surprised if it was NOT a former city official.

[SK in CV]

[quote=UCGal]What? No reactions to a former San Diego Mayor being in foreclosure after some serious equity withdrawal?

I thought it was interesting. LOL[/quote]

I find it pretty interesting. I snooped around for awhile, and I think i saw somewhere that the unit i was looking at was purchased in 2006. Was I wrong on that? Was there significant equity withdrawal after that? Also, I think at least the portion owned by former madam mayor was owned by a trust. (Maybe her sister’s portion too, I can’t remember what i saw.) Always problematic getting loans for trusts. Unless of course you know someone at the lender. If the trust was actually the borrower, even on a refi, as a practical matter it makes the loan non-recourse as to that borrower. Obviously both owners would be good for any shortage.

Very interesting.

[SK in CV]

[quote=UCGal]What? No reactions to a former San Diego Mayor being in foreclosure after some serious equity withdrawal?

I thought it was interesting. LOL[/quote]

I find it pretty interesting. I snooped around for awhile, and I think i saw somewhere that the unit i was looking at was purchased in 2006. Was I wrong on that? Was there significant equity withdrawal after that? Also, I think at least the portion owned by former madam mayor was owned by a trust. (Maybe her sister’s portion too, I can’t remember what i saw.) Always problematic getting loans for trusts. Unless of course you know someone at the lender. If the trust was actually the borrower, even on a refi, as a practical matter it makes the loan non-recourse as to that borrower. Obviously both owners would be good for any shortage.

Very interesting.

[SK in CV]

[quote=UCGal]What? No reactions to a former San Diego Mayor being in foreclosure after some serious equity withdrawal?

I thought it was interesting. LOL[/quote]

I find it pretty interesting. I snooped around for awhile, and I think i saw somewhere that the unit i was looking at was purchased in 2006. Was I wrong on that? Was there significant equity withdrawal after that? Also, I think at least the portion owned by former madam mayor was owned by a trust. (Maybe her sister’s portion too, I can’t remember what i saw.) Always problematic getting loans for trusts. Unless of course you know someone at the lender. If the trust was actually the borrower, even on a refi, as a practical matter it makes the loan non-recourse as to that borrower. Obviously both owners would be good for any shortage.

Very interesting.

[SK in CV]

[quote=UCGal]What? No reactions to a former San Diego Mayor being in foreclosure after some serious equity withdrawal?

I thought it was interesting. LOL[/quote]

I find it pretty interesting. I snooped around for awhile, and I think i saw somewhere that the unit i was looking at was purchased in 2006. Was I wrong on that? Was there significant equity withdrawal after that? Also, I think at least the portion owned by former madam mayor was owned by a trust. (Maybe her sister’s portion too, I can’t remember what i saw.) Always problematic getting loans for trusts. Unless of course you know someone at the lender. If the trust was actually the borrower, even on a refi, as a practical matter it makes the loan non-recourse as to that borrower. Obviously both owners would be good for any shortage.

Very interesting.

[SK in CV]

[quote=UCGal]What? No reactions to a former San Diego Mayor being in foreclosure after some serious equity withdrawal?

I thought it was interesting. LOL[/quote]

I find it pretty interesting. I snooped around for awhile, and I think i saw somewhere that the unit i was looking at was purchased in 2006. Was I wrong on that? Was there significant equity withdrawal after that? Also, I think at least the portion owned by former madam mayor was owned by a trust. (Maybe her sister’s portion too, I can’t remember what i saw.) Always problematic getting loans for trusts. Unless of course you know someone at the lender. If the trust was actually the borrower, even on a refi, as a practical matter it makes the loan non-recourse as to that borrower. Obviously both owners would be good for any shortage.

Very interesting.

[bearishgurl]

As I recall, her twin sister was far more loaded than “Mayor Mo,” whose spouse at the time had his own issues in Las Vegas. Don’t know if this is still the case, tho. The property was purchased pre-prop. 13 so it’s likely *all* recourse paper. I wouldn’t worry about this too much as I’m sure the trustors aren’t sweating it. It’ll all come out in the wash ;=)

[bearishgurl]

As I recall, her twin sister was far more loaded than “Mayor Mo,” whose spouse at the time had his own issues in Las Vegas. Don’t know if this is still the case, tho. The property was purchased pre-prop. 13 so it’s likely *all* recourse paper. I wouldn’t worry about this too much as I’m sure the trustors aren’t sweating it. It’ll all come out in the wash ;=)

[bearishgurl]

As I recall, her twin sister was far more loaded than “Mayor Mo,” whose spouse at the time had his own issues in Las Vegas. Don’t know if this is still the case, tho. The property was purchased pre-prop. 13 so it’s likely *all* recourse paper. I wouldn’t worry about this too much as I’m sure the trustors aren’t sweating it. It’ll all come out in the wash ;=)

[bearishgurl]

As I recall, her twin sister was far more loaded than “Mayor Mo,” whose spouse at the time had his own issues in Las Vegas. Don’t know if this is still the case, tho. The property was purchased pre-prop. 13 so it’s likely *all* recourse paper. I wouldn’t worry about this too much as I’m sure the trustors aren’t sweating it. It’ll all come out in the wash ;=)

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