This person was on the list for Miami Dade County Mortgage Foreclosure sales. She bought a house (Folio 30 2134 002 1391) for $190,000 In April, 2005 (sale registered 5/02/05). She got a $185,000 Loan from Fremont Investment and Loan, a California company. She put $5,000 down. She stopped paying the mortgage in May, 2006.
Her foreclosure papers says she owes June 1, 2006 thru February 28, 2007 a total of $10,861.71. Yet even though she had a Lis Pendens signed November 2nd 2006 her mortgage was still assigned to LaSalle Bank -- after the Lis Pendens -- in January ‘07.
She owed, according to her foreclosure documents: $208,322.79 (her interest rate was 8% on her mortgage).
My question is: How did this person get credit? Here are her records prior to the sale which are on line for all to see:
Lien 7/09/03 Water and Sewer
Lis Pendens (Lis Pendens means pending suit) 8/21/03 with Wells Fargo Bank
Lis Pendens 10/10/03 with Wells Fargo Bank
Lien 10/10/03 City of Miami
Lien 10/28/03 City of Miami
Two writs of possession were granted to Wells Fargo Bank ordered on 5/06/2004 (Civil Court). (Does this mean she was foreclosed? Don't rightly know - doesn't sound credit worthy, however).
CVP 5/13/04 Wells Fargo Bank
Release of small liens 12/15/04 and 12/23/04
Who is cooking up these mortgages? We are headed for a housing crash.
3 comments:
Taxes are paid and no homestead exemption. Must be a rental property, so with that being said,the mortgage conditions are more demanding as the home is not owner occupied. She knows somebody or another friendly favor that is the traditional habit of the county.
she took a homestead exemption on it....??
Correction in 2005 she took one, not in 2006.
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