Friday, September 17, 2010

Two (2) Owners, Whole Lot of HELOC

Foreclosed Home Sold to Two Separate Buyers
* Partying bachelors... I don't think so.

What is more bizarre and comical about this is that the reporter states that the house was initially $712,000 (video link at bottom). The current owners paid $365,000. But there is no record of a $712,000 sale for this house. THAT IS THE REAL STORY!!! MSM, WAKE UP!!!!

Here is the house:
42 Vista Encanta #42
San Clemente, CA 92672
03/11/2010 Sold $365,000
05/30/1997 Sold $168,000

There are no records of a $700K+ sale of this house. And you know what that means... livin' High on the HELOC. I would love to see the details on this because it's hard to believe they hit the home ATM for $544K!!!

2010-09-17: Foreclosed OC Townhome Mistakenly Sold Twice
SAN CLEMENTE -- A paperwork mix-up is being blamed for a real estate snafu that resulted in one townhome being legally sold to 2 separate parties.

It all started in March when Douglas Garhartt and Brandon Lively closed escrow on a foreclosed townhome in San Clemente.

It was a great deal: three-bedrooms for $365,000, well below the $712,552 owed on the loan.

Just days later an investment group, Saint John Trust, bought the home at auction.


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