[quote=JJGittes]It’s not 4 months, it’s more like three years this house has been rotting! Disgusting. This stuff is a microcosm of what is wrong with this country.[/quote]
the seller (Liebke) signed the property over to Brookside Land Trust which shows Frederick Licht as trustee.
According to the internets, Licht is affiliated with Ultimate sports (formerly surgical laser, inc).
Basically, it looks like there is a dude (licht) who forms trusts who probably have one trustee who has a BK and thus can postpone the REO indefinitely.
Its a common (and generally legal) scam here.
Makes it very hard to close and stretches the process out years.
Incidentally, the owner resides in LA now.
Probably, he should just rent this place out and get what he can while he can.
First, thanks for your posts here and elsewhere. You and the other Piggs have helped me get started figuring some of this stuff out.
Foreclosure Radar has loan amounts published, but I think they are 1sts. Is there a way to find out whether there are 2nds or other liens against a property, and perhaps the amounts?
Also, if an auction is postponed or canceled, where does this info show up first?
Foreclosure Radar and any other 3rd party sources pretty much simply post whatever is recorded regardless of whether it is a first, second or any other sort of lien on a home. So if it has been recorded it should show up. Also only the initial amounts are available.
Cancellations/postponements are always frustrating. When we were going downtown to the auctions most all of the properties would be postponed for some reason. However the postponements would not be announced until the actual day of the auction in most cases. Sometimes they get announced a day or a few days earlier but most did not. The info generally shows up on the site like fidelityasap or other like sites.
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