What Is This? Another TV Show house for sale -- in Yorba Linda

[SoCal78_IHB]

<a href="http://www.redfin.com/CA/Yorba-Linda/5660-Millstone-Pl-92887/home/4276172">"Built by the TV show 'Renovate My Family hosted by Jay Magraw'... Seller motivated"</a>



Hmm...could this be another case of over-leveraging as was in the news recently with a house featured on "Extreme Home Makeover"? Somebody go search the records!!

 

[NoThereThere_IHB]

Small potatoes, but looks like they have almost doubled their mortgage debt since 1994.





7/8/94: purchase for $136k. FHA loan for $134,561.



10/10/01: Refi for $25k, looks like loan from own family trust to themselves.



1/27/03: refi first mortgage for $161k.



1/29/03: NOD (no lender or amount listed).



7/29/04: Refi first mortgage for $195,084, adjustable rate.



8/31/06: $10k private loan recorded against the property.



4/17/08: NOD by Wells Fargo for ~$19k.



5/28/08: $250k private party loan recorded against the property. Looks like the $195k first mortgage was paid off using this loan, but can't be sure.



11/26/08: NOD by the May 2008 private party lender. Amount of default: $7,074.82.

 

[SoOCOwner_IHB]

<a href="http://www.realitynewsonline.com/cgi-bin/ae.pl?mode=1&article=article4921.art&page=1">Renovate My Family - Yorba Linda</a>