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    Update on Upside Down Tamra Barney

    Perhaps they can borrow money from Vicki Gunvalson ?  Or move in with Gretchen Rossi!

    3 Pointe Circle
    3 Pointe Circle

    This post is actually an update to my“Tamra Barney’s Short Sale.

    It looks like the Barneys, Simon and Tamra, bought/closed escrow on 3 Pointe Circle on September 8, 2005.  Just a hair over four years later, 9/14/09,  a notice of default was recorded on the property for an amount of $41,841.

    According to Foreclosure Radar, there exists a 1st mortgage for @1,240,000, a 2nd mortgage for $77,500, and a 3rd mortgage for $77,500.  My calculator adds that up to $1,395,000.  And yes, the Barneys engaged in the usual litany of refi’s and HELOCs.

    RELATED LINKS:

    Tamra Barney Upside Down?

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