8 Mill Creek - Turtle Rock

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ABC123_IHB

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Does anyone have the sales history of <a href="http://www.redfin.com/CA/Irvine/8-Mill-Crk-92603/home/11898798">8 Mill Creek</a>? Did it used to be bank-owned?
 
[quote author="ABC123" date=1248497187]Does anyone have the sales history of <a href="http://www.redfin.com/CA/Irvine/8-Mill-Crk-92603/home/11898798">8 Mill Creek</a>? Did it used to be bank-owned?</blockquote>
The current owner, a married man, purchased the property on 9/26/06 for $832,000 and financed 100% of the purchase (with a 80% first mortgage and a 20% second mortgage). The Notice of Trustee Sale was recorded on 6/22/09 and was scheduled to go to auction in Santa Ana on 7/14/09 (I'm assuming the auction date has been postponed).
 
I think trojanman mis-typed the year for the loan, it was in 06 not 08, and back then First Franklin still existed and did 100% financing. It was taken back by the bank on 7/14 for $620k.
 
I remember going to a bank-owned open house on that street last year that was nice but needed a lot of work. At first I thought this house was the same one and was bought by a flipper who had improved it, but I think the other house was 1 Mill creek
 
[quote author="freedomCM" date=1248506891]Whoa! the dude got a 100% loan last september?



I thought that had ended in 2007!



What bank gave him a 100% loan?</blockquote>
Typo...it was 2006, my bad. First Franklin was the lender for both loans.
 
[quote author="graphrix" date=1248507537]I think trojanman mis-typed the year for the loan, it was in 06 not 08, and back then First Franklin still existed and did 100% financing. It was taken back by the bank on 7/14 for $620k.</blockquote>
I blame the typo on it being Friday.
 
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