Saturday, August 4, 2007

More funny business on East Lake Drive

We featured a failed flipper on East Lake Drive a while back,

http://denverrealestatebubble.blogspot.com/2007/06/californicating-of-aurora-part-ii-16795.html

here is her biggest competitior who is giving his house away;
just $630,000
3,670sf, 171.66sf
1,968sf basement
3 car garage
he paid $890,700 05/19/2006
wait it gets better,
this flipper is sitting on another ticking time bomb;
5615 Vistancia drive, Parker, Pradera
same flipper paid $992,700 03/31/2006
he originally listed this mcmansion 04/12/2006 $1,046,000
raised and lowered and raised the price, now it sits empty and listed for $1,100,000
if you take a drive down Vistancia drive there are tons of other flipper listings and some are recieveing NODs, its not a pretty sight along Vistancia drive these days, all these
large homes with weeds for landscaping. Out of 50 homes only 5-6 are occupied, the others are flippers....
HOA maybe foreclosing soon if the banks dont beat them to it.



WAIT IT GETS EVEN BETTER!
Our same flipper has another ticking time bomb;;;;
12542 South Robinson Ranch Drive, Parker
He picked this one up 03/15/2002 $549,845
He has raised and lowered the list price 20 times since 05/12/2005 and now it is at $595,000 subject to short sale, loan amount exceeds $600,000
Lake Drive is also subject to short sale.
He also has a property in Lone Tree, all these properties show our fliper as owner occupant???
How can 1 person occupy 3 homes in the same county at the same time??

1 comment:

Tyrone said...

Damn, those are some big McMansions!

Super-size me, beeeyatch! LOL

This from the Aurora Sentinel:

Nobody's home
http://tinyurl.com/23jqrp