Knife Catcher Award

Apr 26th, 2007  
by IrvineRenter  in House Flips

Astute Observations

Astute Observation by zovall
2007-04-26 04:41 AM

I like the idea of the Knife Catcher Awards wink

On 162 Hayward, you’re right.  It is the bank.  It was purchased on 8/30/2005 for $600,000 using 100% (80 first/20 second) financing.  The lender for both loans was Argent Mortgage.  On 2/13/2007 it looks like the Lender ended up taking it back.  On the Trustee’s Deed Upon Sale, it says the Amount of the Unpaid Debt was $505,750.67 and the Amount Paid By the Grantee was $505,750.67.  Now the owner is listed as: DEUTSCHE BANK NATIONAL TRUST CO, ; ARGENT MORTGAGE SECURITIES INC,.

Private remarks for 162 Hayward: FORECLOSURE property being sold in an ‘as-is’ condition. Seller will not provide a survey, condition inspection, or home warranty. Seller makes no warranties, expressed or implied, as to the condition of the property or the presence of any hazardous substances.
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Astute Observation by nirvinerealtor
2007-04-26 06:28 AM

IrvineRenter,

*162 Hayward is in escrow as of 4/18/2007.
*259 Lockford should be off the market in the next few days.
I will keep you posted.

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Astute Observation by No_Such_Reality
2007-04-26 07:20 AM

Wow, hopefully no where near asking price.

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Astute Observation by Sparta
2007-04-26 08:16 AM

I like the Knife Catcher symbol
Very appropriate for what’s to come

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Astute Observation by Waiting 2009 for Nasdaq 2000
2007-04-26 10:02 AM

*162 Hayward is in escrow as of 4/18/2007.

April 2007 is this is new owner’s Nasdaq 4500.

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Astute Observation by squareround
2007-04-26 11:59 AM

Quail hill hammered:

48 Paperwhite, Irvine, CA 92603

06/2006 sold at 888K
03/2007 sold at 750K

Another one sold at 1725K last year, 04/2007 sold at 1500K

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Astute Observation by Chris
2007-04-26 05:17 PM

06/2006 sold at 888K
03/2007 sold at 750K

9 months later, and a $138k loss to show for it?  That’s alot of money to people who work REAL jobs for their income.  Do that enough times, and it’s gonna leave a scar.  Although that’s just a superficial scratch compared to the sucking chest wound their pocket book will experience if similar FBs hold on to the property and try to sell, 2 years from now….

Another one sold at 1725K last year, 04/2007 sold at 1500K

Wow!  $225k?  I know, that doesn’t seem like very much, unless you think of it as ‘real’ money (instead of the funny money the banks have been loaning for the past 6 years). Oh, you say it IS real money?  smile

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Astute Observation by Chris
2007-04-26 05:22 PM

Yeah, I love the knife catcher symbol: kind of like a dream catcher, only uglier and more painful since it’s driven by greed.  wink

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Astute Observation by anewbee
2007-06-10 08:51 PM

Could you provide more information about 48 Paperwhite? who is the listing agent and
why is it back in market in 3 months?

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