3090 Fairfax St, Denver, COÂ 80207
July, 2006 – MLS pg1, MLS pg2 – listing history, Deed.
Comments: The MLS listing says the property was “agent owned”. The Deeds report says the seller was Paddy Q Cox. Sure enough, Paddy Cox is a licensed real estate agent, works at Key – a big office. It strikes me as very unusual that a licensed real estate agent would list and sell the property thru another real estate agency.
The 2 real estate agencies involved in the July transaction are:Â Listing Agent = John Lindauer with Metro Premiere Properties, a/k/a JGJ Properties & Investments, Inc. – former Republican candidate for Governor of Alaska?
Selling Office = 00510 = Premier Property Brokers, John Bivins – thief, ER201231. For another example of Mr Bivins handywork, check out 15639 Chenango.
So when the dust settled – LaMarcus Jenkins bought the house from Paddy Q Cox on 01/31/06. The contract price was $219,900 with a $6,300 seller concession. Days on market (DOM) = 226. The good people at New Century Mortgage provided a loan of $219,900 with an interest rate of 9.67%.
About 8 months later, in August 2006, LaMarcus Jenkins sold the property to Secresha Cooper for $340,000. That’s $120,000 appreciation in 8 months time. Perhaps there was some work done to improve the property. It’s hard for me to imagine how they could justify that kind of price increase. There was no MLS listing, which is very unusual. The mortgage loan was provided by First NLC Financial Services, LLC at an interest rate of 7.75%. New Century got their loan paid off and came out of this smelling like a rose.
tags
mortgage fraud real+estate Paddy+Cox John+Lindauer Premiere John+Bivins LaMarcus+Jenkins New+Century First+NLC
technorati ping / blog phil.rice / Real Estate Yard Signs / fraud / mortgage / real+estate / Paddy+Cox / John+Lindauer / Premiere / John+Bivins / LaMarcus+Jenkins / New+Century / First+NLC /