I hate it when that happens. How many times has this happened to you? You buy 14 houses, you borrow a lot of money, and then there is some kind of problem paying the darn mortgage. And the next thing you know, the houses go into foreclosure. Dang.
A quick review of the Arapahoe County foreclosure website indicates all 5 of the Tieskotter properties in Arapahoe County have gone into some (beginning?) stage of foreclosure. What are the chances the other 9 properties (in other counties) are also showing signs of problems with the mortgage?
Adam+Conner Tieskotter Shawn+Tieskotter Kimberly+White Craig+Patterson Liberty+American+Mortgage DCS+Mortgage Lenders+Direct+Capital Fieldstone Stonecreek New+Century+Mortgage NEW Fremont+Investment Countrywide Ownit Peoples+Choice Sebring+Capital MILA Home+Loan+Corp+of+Texas CBSK American+Home+Loan mortgage+fraud foreclosure appraisal appraiser
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[...] The loan that Fieldstone made for Shawn Tieskotter in April of 2005 is now in foreclosure. It’s my opinion that both of the above Troncoso loans (Fieldstone and CIT Group) are high risk to follow the Tieskotter pattern – make payments for a few months, and then go into foreclosure. [...]
[...] The loan that Fieldstone made for Shawn Tieskotter in April of 2005 is now in foreclosure. It’s my opinion that both of the above Troncoso loans (Fieldstone and CIT Group) are high risk to follow the Tieskotter pattern – make payments for a few months, and then go into foreclosure. [...]