10376 Weeden Pl, Littleton, CO 80124
- Date of Sale = 09/24/04
- Buyer/Borrower = Martha Faust
- Seller = Leroy Johnson
- Amount Paid to Seller = $455,000
- Loan Amount = $692,000
- Lender = GMAC Mortgage Corp
- MLS pg1, 09/24/04
- MLS Listing History
- Listing Agent = Justin M Juarez, MB Harvest Realty, Liberty Home Group, 01101 = Landmark Brokers SW Inc. Selling agent = 00000.
- MLS prior sale – 07/15/04, Joe Ma
- Deeds Report
- Mortgage Fraud = $237,000
Comments: This property sold for $465,000 in July of 2004. The sale is reported with a $10,000 seller concession. MLS shows Joe Ma was the listing agent. As near as I can tell, Joe Ma has never had a real estate license. The listing office is shown as Wilkins Realty, which has been defunct since at least 2000 – four years before this sale. Wilkins may be located at 410 Snowmass Cir, Louisville, CO 80027.
Two weeks later the property was back on the market with an asking price of $730,000 – that’s an increase of $275,000 in 2 weeks. MLS reports the property sold in 14 days at $12,000 above asking price. Public records shows a mortgage loan of $692,000 made by the good people at GMAC Mortgage.
I consider it likely that the “lender” (GMAC Mortgage Corp ) promptly sold this loan to a sucker. Justin M Juarez was the listing agent on this $742,000 transaction.
I have photos that demonstrate the property was vacant on 01/09/07. It looked to me like it had been vacant for several weeks at least. I formed an opinion that this mortgage loan is headed for foreclosure.
tags
mortgage fraud real+estate Joe+Ma Wilkins Yan+Hong Martha+Faust Leroy+Johnson GMAC+Mortgage Justin+M+Juarez Justin+Juarez MB+Harvest Liberty+Home+Group Landmark+Brokers Colorado
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