Here is the time line on the foreclosure on Lake Ridge Shores that led to today’s tragedy.  This house has been in a death spiral for over two and a half years.

–         2525 W Lake Ridge Shores was purchased 10/1/1982 for $230,000, by Edwin A. and Therese L Christenson.  Doc 1583183.

–        2/24/2003 – Deed filed transferring ownership to Therese, now listed as a widow.  Doc 2813864.

–        3/7/2003 – Therese refis $145,607 30 year fixed with WFB.  This is now the 1st loan.  Doc 2813865.

–         1/21/2004 – HELOC for $65,000 Doc 2983905.

–        1/4/2006 – HELOC  for $110,000 Doc 3332104.

–        3/7/2007 – HELOC for $274,000.  Doc 3506000.

–        3/13/2008 – NOD filed on the 1st for missed 12/1/2007 payment. Where did the HELOC money go?  Doc 3630151.

–        5/14/2008 – NOD filed on the HELOC for 11/15/2007 payment.  Doc 3650022 – name misspelled.

–        6/19/2008 – NOS filed on the 1st ($137,522). Doc 3661521.

–        9/4/2008 – NOS filed on the HELOC (297,764 owing). Doc 3684581.

–        9/29/2008 – Cancel Default on 1st loan.  Doc 3691864.

–        10/7/2008 – Cancel Default on 1st (refiled?).  Doc 3694792.

–        2/5/2009 – NOS on HELOC ($308,545).  Doc 3736643.

–        3/3/2009 – Cancel Default on 1st.  Doc 3744422.

–        3/26/2009 – NOD filed on 1st based on missed 11/8/2008 payment.  Doc 3742714.

–        4/1/2009 – Cancel Default on HELOC.  Doc 3745211.

–        4/2/2009 – NOD on HELOC on missed 6/15/2008 payment.   Doc 3745725.

–        7/1/2009 – NOS on 1st ($150,654).  Doc 3777552.

–        11/10/2009 – HOA lien filed.  Doc  3819843.

–        1/4/2010 – NOS filed on HELOC ($328,118).  Doc  3881674.

–        5/25/2010 – NOS on HELOC ($328,118).  Doc 3884616.

–        7/1/2010 – TD recorded on 1st loan.   $267,100 paid on $173,228 owing.  The rest on the HELOC written off.  The actual date of the Trustee’s Sale was 6/3/2010.  Doc 3897681.

 The additional owner is listed as NRES NV-3 LLC.  Looks like they have been trying to evict the owner for a month and a half, and finally had to resort to calling the Sheriff.   My guess on the Cancel Default filings that the loans got renegotiated and not brought current, then re-defaulted on.  There really isn’t any way to be sure, since the underlying Notes are not recorded.

In the end, this is going to be more of a family tragedy then a foreclosure story.

Advertisements