10415 Carriage Club Dr, Littleton (Lone Tree), CO 80124
- Date of Sale = 06/16/04
- Buyer/Borrower = Jon Hooley
- Seller = unknown, maybe Justin Juarez
- Amount Paid to Seller = $560,000
- Loan Amount = $760,000
- Lender = First Horizon Home Loan Corp
- MLS pg1 Fraud Sale, 06/16/04 $760,000 Justin M Juarez
- MLS Listing History
- Listing Agent = Justin M Juarez, MB Harvest Realty, Liberty Home Group, 02030 = Landmark Brokers SW Inc
- MLS Active Listing 01/17/07, asking $820 Rick Cheever @ Century 21 Performance
- MLS REO/Foreclosure Sale, 12/08/06 $595,000
- MLS prior sale 05/04/04 $577,500 – Cedrick Lipsey, Phil Martinez
- Deeds Report
- Mortgage Fraud = $200,000
Comments: This property went on the market in January 2004 with an initial asking price of $569,000 – exactly the same as the next door neighbor. It sold in May 2004 with a mortgage loan of $592,500. The listing agent reported a seller concession of $15,000. This transaction involved a mortgage fraud of about $30,000 – which was just a warm up.
The mortgage loan was provided by National City (NYSE symbol=NCC) and/or First Franklin a/k/a Merrill Lynch, brokered by Phil Martinez. Appraisal was done by Brad Brooks (also a real estate agent)- who has twice been disciplined by the Appraisal Board – strike 1 and strike 2. I have been told there was a review appraisal done by Metro Appraisers, Russell Harrist who is an appraiser and a licensed real estate agent bda Highlander Realty.
Nine days later the same property went back on the market with an asking price of $773,000. That’s an increase of $200,000 in 9 days. The property sold right away with a $760,000 mortgage loan provided by the good people at First Horizon Home Loan Corp. I consider it likely that the “lender” (First Horizon Home Loan Corp) promptly sold this loan to a sucker. Justin M Juarez was the listing agent on the $773,000 transaction.
It looks like Jon Hooley (the buyer/borrower) made some payments, but the property was in foreclosure in December of 2005. In February, 2006 the property went back on the market with an asking price of $818,000. 10 months later the property sold for $595,000. That’s $165,000 less than the mortgage. When you include legal fees, carry cost, real estate commissions, etc, it means the sucker got screwed to the tune of $200,000 on this mortgage loan gone bad.
The current owner did some fix up and remodel work. Effective 01/17/07 the property is back on the market with an asking price of $820,000.
tags
mortgage fraud phil+martinez first+franklin merrill+lynch national+city real+estate russell+harrist highlander+realty brad+brooks Jon+Hooley First+Horizon+Home+Loan+Corp Justin+M+Juarez Justin+Juarez MB+Harvest Liberty+Home+Group Landmark+Brokers Colorado
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