Sunshine - 09 September 2009 05:50 AM

I hate to say this but I will because she is an adult now.  The eldest daughter appeared to be an unmotivated, talentless brat.  Perhaps they’ve lowered their expectations for at least one of their daughters.  Nah, who am I kidding; they just want fast, easy money.

What is this fast, easy money you are talking about… and how do I get some?

Delroy

I heard that the new housewife Alexis Bellino is renting a place now and selling her old house in Newport. This is reportedly the house
http://www.redfin.com/CA/Newport-Beach/2672-Circle-Dr-92663/home/3245663

At the bottom of the sales ad, it has:

SELLERS ARE OPEN TO A TRADE OF A SMALLER HOME IN THE NEWPORT BEACH OR SURROUNDING AREAS. SELLER IS EXPERIENCED IN CREATIVE FINANCING AND WOULD ENTERTAIN ANY CREATIVE FINANCING OFFERS

Desperation, I guess?

justmememe - 10 September 2009 06:17 AM

Desperation, I guess?

I wouldn’t necessarily say so.  He bought another property (with an active NTS) on 6/25/2009, and another one on 3/25/2009 (also with active NTS).

688 S COAST HWY, LAGUNA BEACH, CA 92651 (commercial property)
20202 E FRANK LN, ORANGE, CA 92869 (single family residential)

I’m guessing someone who is “desperate” would not be laying down $1.2mil in property purchases in the past few months.

Their home has been on and off the market for 2+ years.  I’m guessing they might just realize the market for that home is very small and inventory is very high, so its not a real liquid asset. 

Delroy

C Delroy Spuckler - 10 September 2009 06:42 AM

justmememe - 10 September 2009 06:17 AM

Desperation, I guess?

I wouldn’t necessarily say so.  He bought another property (with an active NTS) on 6/25/2009, and another one on 3/25/2009 (also with active NTS).

688 S COAST HWY, LAGUNA BEACH, CA 92651 (commercial property)
20202 E FRANK LN, ORANGE, CA 92869 (single family residential)

I’m guessing someone who is “desperate” would not be laying down $1.2mil in property purchases in the past few months.

Their home has been on and off the market for 2+ years.  I’m guessing they might just realize the market for that home is very small and inventory is very high, so its not a real liquid asset. 

Delroy

So he is the one who bought the property on Frank Lane. He won’t be getting offers at that price, and he will be losing money on it when it does sell. I would say he might be more desperate than you think. Especially if you drive down Frank Lane, that home is the nicest on the street, and that isn’t a compliment.

graphrix - 10 September 2009 07:43 AM

Especially if you drive down Frank Lane, that home is the nicest on the street, and that isn’t a compliment.

Slums of the OPA?  I wasn’t aware there was a bad street in that neighborhood, but in fairness, I never looked at the stuff in that corner near Santiago very closely.  Exactly what’s wrong with it?

graphrix - 10 September 2009 07:43 AM

C Delroy Spuckler - 10 September 2009 06:42 AM

justmememe - 10 September 2009 06:17 AM

Desperation, I guess?

I wouldn’t necessarily say so.  He bought another property (with an active NTS) on 6/25/2009, and another one on 3/25/2009 (also with active NTS).

688 S COAST HWY, LAGUNA BEACH, CA 92651 (commercial property)
20202 E FRANK LN, ORANGE, CA 92869 (single family residential)

I’m guessing someone who is “desperate” would not be laying down $1.2mil in property purchases in the past few months.

Their home has been on and off the market for 2+ years.  I’m guessing they might just realize the market for that home is very small and inventory is very high, so its not a real liquid asset. 

Delroy

So he is the one who bought the property on Frank Lane. He won’t be getting offers at that price, and he will be losing money on it when it does sell. I would say he might be more desperate than you think. Especially if you drive down Frank Lane, that home is the nicest on the street, and that isn’t a compliment.

I don’t know the neighborhood or the Orange market, but at least the renovations were done nicely (or at least it seems in the pic).

The other houses on the same street as the Frank Ln property sold in the 400k range and other homes on nearby streets sold for 390k or so. That house would seem too upscale for the area.  Also, I heard that the Bellinos were struggling monetarily at the moment and renting a place. Nothing wrong with renting, but I’d expect them to own with their reported wealth.

no_vaseline - 10 September 2009 01:26 PM

graphrix - 10 September 2009 07:43 AM

Especially if you drive down Frank Lane, that home is the nicest on the street, and that isn’t a compliment.

Slums of the OPA?  I wasn’t aware there was a bad street in that neighborhood, but in fairness, I never looked at the stuff in that corner near Santiago very closely.  Exactly what’s wrong with it?

I wouldn’t call it slums of OPA, but that area is the complete opposite of what most of OPA is. Small lots with small houses. The homes are older, and not that well kept. The house that uber investor built sticks out like a sore thumb. You turn the corner and say, “There it is!”. Just a dumb move, and not very well thought out. And… if he is hurting for work, then you know the construction is garbage, no matter how much the paint fumes make you think otherwise.

graphrix - 10 September 2009 07:43 AM

So he is the one who bought the property on Frank Lane. He won’t be getting offers at that price, and he will be losing money on it when it does sell

Did he buy it at auction for $421,500 on 6/25/09 ?  If so, you dont think he will get at least that out of it ?

xoneinax - 11 September 2009 02:52 AM

graphrix - 10 September 2009 07:43 AM

So he is the one who bought the property on Frank Lane. He won’t be getting offers at that price, and he will be losing money on it when it does sell

Did he buy it at auction for $421,500 on 6/25/09 ?  If so, you dont think he will get at least that out of it ?

He didn’t buy at the auction, he bought it from the owner directly. Torn it down, and built this place. Even if he was able to get it down $100 a sqft. (that is really pushing it for a small contractor, and judging by the materials in the pics it is almost impossible), he would need to get $680k just to break even after he pays RE commissions. I don’t think he will get $680k, and I’d be surprised if he gets much over $600k.

RedFin says Year Built:2008; that is why I was confused.
So he bought a teardown around 6/25/09, got this new yellow house built in about 1 month, and listed it on 8/12/09; thats a very quick turnaround.

Or did he have this built in 2008 and the 6/25/09 transaction for $421,500 is something else, or just very, very late in being properly recorded?

xoneinax - 11 September 2009 06:59 PM

RedFin says Year Built:2008; that is why I was confused.
So he bought a teardown around 6/25/09, got this new yellow house built in about 1 month, and listed it on 8/12/09; thats a very quick turnaround.

Or did he have this built in 2008 and the 6/25/09 transaction for $421,500 is something else, or just very, very late in being properly recorded?

I didn’t catch that. I would have to double check the dates on it, and also check the MLS. Maybe later I will, but it looks like you are right, he bought it from the original builder that was in distress. Could be a better move than I expected.

Once they all move out or get kicked out they’ll have to rename it the Housewives of Riverside County.

Does anyone know, did 35 Secret Garden in Irvine (Jeana’s place) get postponed today?

Delroy

Postponed til November:

Foreclosure Stage: Auction
Sale Date 11/04/09
Published Bid $542,892
Sale Status Active
Notice Date 03/06/09
Postponed For Beneficiary Request
Sale Date 11/04/09
Original Date 04/09/09

Did anyone else notice that in an earlier season when Jeana was discussing her real estate holdings and she mentioned her Irvine house, she pronounced it like Er-vin? “We have the Coto house…blah blah blah…and a house in Er-vin.” I thought that was odd.

Looks like they are going to show all the pain…excellent Smithers.

Preview

I was surprised to see Jeana in the trailer because I thought she was not going to be on the show this season.

I was browsing through a coupon/advertisement mailer this week and I came across Laurie Waring-Peterson’s grill in an advertisement for Platinum Dental.

awgee - 04 October 2009 03:52 AM

I was surprised to see Jeana in the trailer because I thought she was not going to be on the show this season.

Dammit.  For a second there I thought you were talking about a double-wide.

Back to the waiting game I guess.

Ex-Fiance of “Real Housewives of Atlanta” Killed this weekend.
 
Ashley Jewell, the former fiance of Real Housewives of Atlanta star was killed in a fight outside of an Atlanta strip club last night.

It all started with a fight. The police are still investigating a motive, but have contacted a person of interest. “It appears he was involved in an altercation in the parking lot and he received a severe blow to the head,” Atlanta Police Lt. Keith Meadows told the TV station WBSTV. Immediately following the fight, Ashley was taking to a hospital where he later died.

Polite says investigators are unsure what caused the fight. He said investigators are interviewing a “person of interest.”

Jewell was engaged to “Housewives” cast member Kandi Burruss until August. He appeared in several episodes of the hit reality show, which follows metro Atlanta socialites.

I have been reading this site for quite a while, first time poster. I live in LR and keep an eye on the local market. Looks like the Barney house has been given the first NOD on 9-29-09 for $1,191,500.

http://www.foreclosure.com/search.html?st=CA&cno=059&z=92694&tab=p

About a month ago I walked by the house, walking the neighborhood with the dogs, and Simon was outside talking to the gardener and complaining how his wife likes things to be perfect all of the time. Guess he won’t have to worry about that too much longer.

^ Link
(#21 on the list)

Total loans look to be around $1,390,000.00

A First of $1,240,000.00
A Second $77,500.00
A Third of $72,500.00

Nice Piggy Bank.  Looks broken now.

morekaos - 10 October 2009 03:31 AM

Total loans look to be around $1,390,000.00

A First of $1,240,000.00
A Second $77,500.00
A Third of $72,500.00

Nice Piggy Bank.  Looks broken now.

Well, how else could Simon afford that nice car, rolex, and new boobs for the wife?  The house was working harder than he was.  haha   Back to studying. *SIGH*