Housewives of Orange County

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CalGal_IHB

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<p>If you have seen the show, you know about Slade Smiley. On the show he portrays himself as a wealthy mortgage broker able to comfortably afford his 4800, 5 bedroom, 4.5 bathrooms, 3-car garage house in Coto. He purchased the house in 04/2002 for $822. </p>

<p>It originally came on the market 09/13/<u>06</u> for $1,750,000. He then reduced the price on 01/31/07 for $1,725,000. It didn't sell so he then leased it for $5,400 on 06/16/07. The tenant was on the main blog asking questions about renting a house with a potential of <strong>foreclosure</strong>. Well, her fears came true - someone recently reported that his house was in the <strong>foreclosure</strong> process.</p>

<p>Guess he's not so RICH after all.</p>

<p>Today his house came back on the market again for <strong>$1,575,000</strong> (MLS # S507296) - 10% less than the original asking price a year ago. He would have made a nice profit on the house; however, I'm sure he has sucked all the equity out.</p>

<p>I've heard that the show is coming back for a second season. </p>
 
Short sale! The NTS amount is $1.41mil and he has a second lien as well as some other judgements filed against him. He has until 10/26 to postpone it again.
 
<p>I went to the auction yesterday just to see if his house would go down. Strangely I wasn't the only one there for the same reason. It was grueling though because recon trust's email was down. I didn't get out of there until after 3:30 to find out it was postponed. Usually the auction is quick and I can get out of the parking structure for $1 but this time I was digging out change for the $3. I rarely carry cash anymore. On well I will be there 10/26 again.</p>

<p>But I did have an interesting conversation with a guy who has been doing this for 25 years. He has never seen anything like this. He said right now it is as bad as 96 if not worse because even then regular sales were still happening.</p>
 
Last I heard Slade`s son had cancer, his title insurance company went Chap 11 and he is not on the new 3rd Season that just got done filming. The new season has another RE girl in it <a href="http://tamrabarney.com/home">http://tamrabarney.com/home</a> Her husband works at Fletcher Jones. His name is Simon. Not sure when the 3rd season will be on Bravo yet. Last I heard sometime in November.
 
Yeah, I heard his son had cancer. I hope he is OK. Very sad. Nobody likes to see anyone suffer from an illness - especially a child.
 
<p>It is difficult to have sympathy for this guy. He had enough money to have a multi-million dollar home, a new H2 and buy his girlfirend a new Benz. He should have easily been able to afford health insurance for his family.</p>

<p>If he couldn't get insurance for his child, he should have used all his energy and exposure on that television show to tell America what is wrong with our healthcare system instead of managing his girlfriends singing career.</p>

<p>just my two cents</p>
 
<p>To support a lifestyle that lavsh you need good stable income which does not exist if you are in a commision based business- especially real estate... I have seen too many people go up and go down financially and it isnt a pretty site... I was taught to always live below your means


</p>

<p>Unfortunately there will be many many similar cases like Slade in the next few years.</p>
 
<p>Thanks Calgal. . . I should have read your original post. . . </p>

<p>From what I can gather from the show, Slade seemed to be all over the place. He wanted Jo to stay at home to be with the kids but then went off to LA to try and manage her career. Jo does not even seem to be interested in him at the end. </p>
 
<p>No worries. I was just confirming your thoughts.</p>

<p>Yeah, he was just a smug @$$hole on the show. There wasn't anything about his character that I liked. </p>
 
<p>OK here is the link for the 3rd season. <a href="http://www.ocregister.com/ocregister/entertainment/abox/article_1886103.php">http://www.ocregister.com/ocregister/entertainment/abox/article_1886103.php</a></p>

<p>Starts on 11/6. Not that I think that the show is that great. But love to see where they hang. Also have a freind that knows the new husband well. Simon. She has been trying to pick up on him for awhile. He works over at Fletcher Jones in Sales. </p>

<p> </p>
 
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