sfexporter : Your $250/sqft homes in Carmel Valley

[jpinpb]

The house was bought in December from the builder. That’s who I mean by the December buyer. He then turned around 2 months later and sold it to his girlfriend. Then it went to foreclosure.

I hate to say it was all planned down to foreclosure, but when something like this happens, it does raise an eyebrow. They both work and they didn’t pay on the house. Fine. Their perogative. They can according the contract give the house back to the bank. But all of it from the very first purchase in December smells fraudulent.

So this foreclosure happens when it really shouldn’t have and was an accident b/c someone fell asleep at the wheel and it worked out for the Chambord Trust. May be all legitimate and they got lucky. I have no facts regarding that. I’ll take your word on that.

I just found out that the December purchaser was being questioned and I don’t have the details, but it’s pretty serious.

I am not saying anything was wrong with the last purchase of 820k.

I actually emailed the address to OC to point out the sketchy history and the successful flip. But the blog went on a tangent. They grow a life of their own.

EDIT:

And so reading the New type of real estate fraud thread, it just raises my suspicions.

[SD Realtor]

So my question was, how did you find out that the second sale for 950k went from the original buyer to his girlfriend? Is this a fact?

The bottom line is that in the end, if this was fraud then I am very glad the home went to foreclosure. Would it have been better for the homeowners to get bailed out?

It seems to me that this indeed is the very best thing that can indeed happen to hucksters.

As for it being planned down to the foreclosure, it may very well have been. However, how many people do you think purchased in 2005 or 2006 with the intent to flip? Do you think, “only a few”? What difference does it make now? The bottom line is that people like you and me are priced out because of behavior like this. It doesn’t matter if it was an intended foreclosure, or fraud or not fraud or whatever.

Just try to stick to the facts you know what I am saying? The fact that blogs take on a life of thier own is EXACTLY why you should stick to the facts. What was an entire 35 post thread on BMIT is essentially based on what? That you know of a buyer of a home from the builder who is being questioned? That he sold the home to his girlfriend? (Which I am still wondering about how you know this as a fact). Yet then there are wild accusations about the trustee sale and then the sale after the trustee sale? I mean really now… All I can do is shake my head.

[SD Realtor]

So my question was, how did you find out that the second sale for 950k went from the original buyer to his girlfriend? Is this a fact?

The bottom line is that in the end, if this was fraud then I am very glad the home went to foreclosure. Would it have been better for the homeowners to get bailed out?

It seems to me that this indeed is the very best thing that can indeed happen to hucksters.

As for it being planned down to the foreclosure, it may very well have been. However, how many people do you think purchased in 2005 or 2006 with the intent to flip? Do you think, “only a few”? What difference does it make now? The bottom line is that people like you and me are priced out because of behavior like this. It doesn’t matter if it was an intended foreclosure, or fraud or not fraud or whatever.

Just try to stick to the facts you know what I am saying? The fact that blogs take on a life of thier own is EXACTLY why you should stick to the facts. What was an entire 35 post thread on BMIT is essentially based on what? That you know of a buyer of a home from the builder who is being questioned? That he sold the home to his girlfriend? (Which I am still wondering about how you know this as a fact). Yet then there are wild accusations about the trustee sale and then the sale after the trustee sale? I mean really now… All I can do is shake my head.

[SD Realtor]

So my question was, how did you find out that the second sale for 950k went from the original buyer to his girlfriend? Is this a fact?

The bottom line is that in the end, if this was fraud then I am very glad the home went to foreclosure. Would it have been better for the homeowners to get bailed out?

It seems to me that this indeed is the very best thing that can indeed happen to hucksters.

As for it being planned down to the foreclosure, it may very well have been. However, how many people do you think purchased in 2005 or 2006 with the intent to flip? Do you think, “only a few”? What difference does it make now? The bottom line is that people like you and me are priced out because of behavior like this. It doesn’t matter if it was an intended foreclosure, or fraud or not fraud or whatever.

Just try to stick to the facts you know what I am saying? The fact that blogs take on a life of thier own is EXACTLY why you should stick to the facts. What was an entire 35 post thread on BMIT is essentially based on what? That you know of a buyer of a home from the builder who is being questioned? That he sold the home to his girlfriend? (Which I am still wondering about how you know this as a fact). Yet then there are wild accusations about the trustee sale and then the sale after the trustee sale? I mean really now… All I can do is shake my head.

[SD Realtor]

So my question was, how did you find out that the second sale for 950k went from the original buyer to his girlfriend? Is this a fact?

The bottom line is that in the end, if this was fraud then I am very glad the home went to foreclosure. Would it have been better for the homeowners to get bailed out?

It seems to me that this indeed is the very best thing that can indeed happen to hucksters.

As for it being planned down to the foreclosure, it may very well have been. However, how many people do you think purchased in 2005 or 2006 with the intent to flip? Do you think, “only a few”? What difference does it make now? The bottom line is that people like you and me are priced out because of behavior like this. It doesn’t matter if it was an intended foreclosure, or fraud or not fraud or whatever.

Just try to stick to the facts you know what I am saying? The fact that blogs take on a life of thier own is EXACTLY why you should stick to the facts. What was an entire 35 post thread on BMIT is essentially based on what? That you know of a buyer of a home from the builder who is being questioned? That he sold the home to his girlfriend? (Which I am still wondering about how you know this as a fact). Yet then there are wild accusations about the trustee sale and then the sale after the trustee sale? I mean really now… All I can do is shake my head.

[SD Realtor]

So my question was, how did you find out that the second sale for 950k went from the original buyer to his girlfriend? Is this a fact?

The bottom line is that in the end, if this was fraud then I am very glad the home went to foreclosure. Would it have been better for the homeowners to get bailed out?

It seems to me that this indeed is the very best thing that can indeed happen to hucksters.

As for it being planned down to the foreclosure, it may very well have been. However, how many people do you think purchased in 2005 or 2006 with the intent to flip? Do you think, “only a few”? What difference does it make now? The bottom line is that people like you and me are priced out because of behavior like this. It doesn’t matter if it was an intended foreclosure, or fraud or not fraud or whatever.

Just try to stick to the facts you know what I am saying? The fact that blogs take on a life of thier own is EXACTLY why you should stick to the facts. What was an entire 35 post thread on BMIT is essentially based on what? That you know of a buyer of a home from the builder who is being questioned? That he sold the home to his girlfriend? (Which I am still wondering about how you know this as a fact). Yet then there are wild accusations about the trustee sale and then the sale after the trustee sale? I mean really now… All I can do is shake my head.

[jpinpb]

SDR – Yes. It’s a FACT. I know the guy who bought from the builder and found out the name of the girlfriend (Jody H). The second sale went to girlfriend. They basically got 100k from the bank after a couple of months. Then they sat in the home until the bank foreclosed.

I am just sticking to the facts I know. There is more I know, but do not think it would be appropriate to discuss it here. There is more w/regard to the first buyer that I recently found out.

As far as the courthouse steps, you in your own post said it was a short-sale and then someone dropped the ball and it didn’t get postponed as it was supposed to and the Chambord Trust picked it up. This is a fact according to you.

Maybe this is something that commonly occurs. I was not aware of that. No wild accusation. You said yourself they got lucky.

I did not post any rumors. What I post is what I know. I knew it got sold to a third-party on the courthouse steps and it got flipped for 820k. That’s it.

Edit: Are you saying Jody is not the girlfriend? Do you know the original December buyer?

[jpinpb]

SDR – Yes. It’s a FACT. I know the guy who bought from the builder and found out the name of the girlfriend (Jody H). The second sale went to girlfriend. They basically got 100k from the bank after a couple of months. Then they sat in the home until the bank foreclosed.

I am just sticking to the facts I know. There is more I know, but do not think it would be appropriate to discuss it here. There is more w/regard to the first buyer that I recently found out.

As far as the courthouse steps, you in your own post said it was a short-sale and then someone dropped the ball and it didn’t get postponed as it was supposed to and the Chambord Trust picked it up. This is a fact according to you.

Maybe this is something that commonly occurs. I was not aware of that. No wild accusation. You said yourself they got lucky.

I did not post any rumors. What I post is what I know. I knew it got sold to a third-party on the courthouse steps and it got flipped for 820k. That’s it.

Edit: Are you saying Jody is not the girlfriend? Do you know the original December buyer?

[jpinpb]

SDR – Yes. It’s a FACT. I know the guy who bought from the builder and found out the name of the girlfriend (Jody H). The second sale went to girlfriend. They basically got 100k from the bank after a couple of months. Then they sat in the home until the bank foreclosed.

I am just sticking to the facts I know. There is more I know, but do not think it would be appropriate to discuss it here. There is more w/regard to the first buyer that I recently found out.

As far as the courthouse steps, you in your own post said it was a short-sale and then someone dropped the ball and it didn’t get postponed as it was supposed to and the Chambord Trust picked it up. This is a fact according to you.

Maybe this is something that commonly occurs. I was not aware of that. No wild accusation. You said yourself they got lucky.

I did not post any rumors. What I post is what I know. I knew it got sold to a third-party on the courthouse steps and it got flipped for 820k. That’s it.

Edit: Are you saying Jody is not the girlfriend? Do you know the original December buyer?

[jpinpb]

SDR – Yes. It’s a FACT. I know the guy who bought from the builder and found out the name of the girlfriend (Jody H). The second sale went to girlfriend. They basically got 100k from the bank after a couple of months. Then they sat in the home until the bank foreclosed.

I am just sticking to the facts I know. There is more I know, but do not think it would be appropriate to discuss it here. There is more w/regard to the first buyer that I recently found out.

As far as the courthouse steps, you in your own post said it was a short-sale and then someone dropped the ball and it didn’t get postponed as it was supposed to and the Chambord Trust picked it up. This is a fact according to you.

Maybe this is something that commonly occurs. I was not aware of that. No wild accusation. You said yourself they got lucky.

I did not post any rumors. What I post is what I know. I knew it got sold to a third-party on the courthouse steps and it got flipped for 820k. That’s it.

Edit: Are you saying Jody is not the girlfriend? Do you know the original December buyer?

[jpinpb]

SDR – Yes. It’s a FACT. I know the guy who bought from the builder and found out the name of the girlfriend (Jody H). The second sale went to girlfriend. They basically got 100k from the bank after a couple of months. Then they sat in the home until the bank foreclosed.

I am just sticking to the facts I know. There is more I know, but do not think it would be appropriate to discuss it here. There is more w/regard to the first buyer that I recently found out.

As far as the courthouse steps, you in your own post said it was a short-sale and then someone dropped the ball and it didn’t get postponed as it was supposed to and the Chambord Trust picked it up. This is a fact according to you.

Maybe this is something that commonly occurs. I was not aware of that. No wild accusation. You said yourself they got lucky.

I did not post any rumors. What I post is what I know. I knew it got sold to a third-party on the courthouse steps and it got flipped for 820k. That’s it.

Edit: Are you saying Jody is not the girlfriend? Do you know the original December buyer?

[Coronita]

[quote=SD Realtor]
As for OCR he is a good guy, it was just some of the comments on that thread that were VERY disheartening. I think I will post on it to try to enlighten them
[/quote]

Actually, I didn’t read the comments until now. I just read the article. Wow. It looks like world war 3 down there. OH well… What I want to know, is how do people find good deals like this. I guess you have to be a pro and somewhat lucky….
I didn’t suspect it was fraud, I was just wondering how do people find such good deals. SDR, your comment helped clarify this. Pros/investor groups.

Frankly, even at $820k, it’s a pretty good deal for where the home is imho, relative to the rest of the market. I wouldn’t try flipping it. But if was a primary, it’s a pretty nice home at that price.

[Coronita]

[quote=SD Realtor]
As for OCR he is a good guy, it was just some of the comments on that thread that were VERY disheartening. I think I will post on it to try to enlighten them
[/quote]

Actually, I didn’t read the comments until now. I just read the article. Wow. It looks like world war 3 down there. OH well… What I want to know, is how do people find good deals like this. I guess you have to be a pro and somewhat lucky….
I didn’t suspect it was fraud, I was just wondering how do people find such good deals. SDR, your comment helped clarify this. Pros/investor groups.

Frankly, even at $820k, it’s a pretty good deal for where the home is imho, relative to the rest of the market. I wouldn’t try flipping it. But if was a primary, it’s a pretty nice home at that price.

[Coronita]

[quote=SD Realtor]
As for OCR he is a good guy, it was just some of the comments on that thread that were VERY disheartening. I think I will post on it to try to enlighten them
[/quote]

Actually, I didn’t read the comments until now. I just read the article. Wow. It looks like world war 3 down there. OH well… What I want to know, is how do people find good deals like this. I guess you have to be a pro and somewhat lucky….
I didn’t suspect it was fraud, I was just wondering how do people find such good deals. SDR, your comment helped clarify this. Pros/investor groups.

Frankly, even at $820k, it’s a pretty good deal for where the home is imho, relative to the rest of the market. I wouldn’t try flipping it. But if was a primary, it’s a pretty nice home at that price.

[Coronita]

[quote=SD Realtor]
As for OCR he is a good guy, it was just some of the comments on that thread that were VERY disheartening. I think I will post on it to try to enlighten them
[/quote]

Actually, I didn’t read the comments until now. I just read the article. Wow. It looks like world war 3 down there. OH well… What I want to know, is how do people find good deals like this. I guess you have to be a pro and somewhat lucky….
I didn’t suspect it was fraud, I was just wondering how do people find such good deals. SDR, your comment helped clarify this. Pros/investor groups.

Frankly, even at $820k, it’s a pretty good deal for where the home is imho, relative to the rest of the market. I wouldn’t try flipping it. But if was a primary, it’s a pretty nice home at that price.

[Author]

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