By Patrick follow 2010 Jul 3, 1:09am 2 links 1,915 views 4 comments
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The lot is sliding down the hill. The home is a safety hazard. In a nutshell the foundation was not seated on bedrock and the whole thing can break loose at any moment
Well have a look at it now --
it's totally bizarre - it sold for 445K in 2011, and now it's in default for 816K -- How in god's name does that happen???
It looks like a construction deed of trust on 6/13/2011 and another deed of trust with the following grantees:
NOR WEALTH INVESTMENTS
PIEDMONT INVESTMENT FUND LP
POWER STREAM FINANCIAL
RESIDENTIAL FUNDING SOLUTIONS LP
Unclear if these deeds of trust are for this property or another as the Marin County Recorder likes to obscure their records. At any rate, the owner was quite busy with construction deeds and refies.
Looks like this scammer "owned" it -
Dan Schoenfeld is the 'CEO'. Just another scam. Probably taking money from one property to fund something else, and then letting this one foreclose.