Rogers Dale
 |
 ROY ROGERS DALE EVANS AND JAMES STEWART SONG FUN 8X10 PHOTO $18.99 Time Remaining: 29d 9h 43m Buy It Now for only: $18.99 |
 DALE EVANS ROY ROGERS ON STAGE1950s 8x10 $12.91 (2 Bids) Time Remaining: 2d 4h 39m |
 Roy Rogers Dale Evans original 1981 35mm slide $19.99 Time Remaining: 27d 1h 21m Buy It Now for only: $19.99 |
 Jean Rogers as Dale Arden in Flash Gordon 24X30 Poster $24.99 Time Remaining: 2d 8h 11m Buy It Now for only: $24.99 |
 ROY ROGERS DALE EVANS DAUGHTERS 1954 8x10 $11.51 (2 Bids) Time Remaining: 2d 4h 39m |
 Roy Rogers Dale Evans 1 Photo 8x10 $3.95 Time Remaining: 10d 7h 23m Buy It Now for only: $3.95 |
 ROY ROGERS DALE EVANS PHOTO with TRIGGER Hollywood 1940s Movie Star Actors $6.99 Time Remaining: 14d 10h 6m Buy It Now for only: $6.99 |
 ROY ROGERS DALE EVANS KIDS IN SPORTS CARD 1950s 8x10 $47.00 (6 Bids) Time Remaining: 2d 4h 39m |
 GLEN CAMPBELL tv show photo with ROY ROGERS DALE EVANS $14.99 Time Remaining: 24d 15h 1m Buy It Now for only: $14.99 |
 ROY ROGERS DALE EVANS TRIGGER vintage SONG OF ARIZONA $14.95 Time Remaining: 2d 10h 29m Buy It Now for only: $14.95 |
 ROY ROGERS DALE EVANS 1951 SAFETY AWARD 8x10 $11.91 (2 Bids) Time Remaining: 2d 4h 39m |
 ROY ROGERS DALE EVANS play cards 1944 YELLOW ROSE PHOTO $14.95 Time Remaining: 4d 11h 48m Buy It Now for only: $14.95 |
 ROY ROGERS DALE EVANS Vintage 1949 SUSANNA PASS Western PHOTO $11.95 Time Remaining: 2d 4h 6m Buy It Now for only: $11.95 |
 ROY ROGERS DALE EVANS AT ELEMENTARY SCHOOL 1950s 8x10 $9.99 (1 Bid) Time Remaining: 2d 4h 39m |
 Roy Rogers Gabby Hayes and Dale Evans Tin $12.71 Time Remaining: 3d 7h 51m Buy It Now for only: $12.71 |
 ROY ROGERS DALE EVANS 1946 RAINBOW OVER TEXAS PHOTO $14.95 Time Remaining: 2d 10h 29m Buy It Now for only: $14.95 |
 ROY ROGERS DALE EVANS Vintage SCOTT DOWNIE stamp PHOTO $14.95 Time Remaining: 2d 10h 30m Buy It Now for only: $14.95 |
 ROY ROGERS DALE EVANS COLOR ROSE PARADE 8x10 $16.50 (2 Bids) Time Remaining: 2d 4h 39m |
 ROY ROGERS DALE EVANS Vintage BELLS OF CORONADO PHOTO $11.95 Time Remaining: 4d 11h 48m Buy It Now for only: $11.95 |
 ROY ROGERS DALE EVANS 8X11 Photo BW Couple Portrait $9.99 Time Remaining: 17d 6h 2m Buy It Now for only: $9.99 |
 ROY ROGERS DALE EVANS DOWN DAKOTA WAY 8x10 KEYBOOK $9.99 Time Remaining: 2d 4h 39m |
 Roy Rogers Dale Evans Lone Ranger Tonto Cisco Kid 8X10 BW Print $7.99 Time Remaining: 11d 1h 46m Buy It Now for only: $7.99 |
 ROY ROGERS DALE EVANS GEORGE GABBY HAYES 11X14 PHOTO $9.99 Time Remaining: 22d 6h 58m Buy It Now for only: $9.99 |
 ROY ROGERS DALE EVANS DUSTYS 1ST BIRTHDAY ON SET 8x10 $14.61 (2 Bids) Time Remaining: 2d 4h 40m |
 ROY ROGERS DALE EVANS AND GEORGE HAGUE 24X36 POSTER $24.99 Time Remaining: 24d 3h 11m Buy It Now for only: $24.99 |
 ROY ROGERS and DALE EVANS still from UTAH g792 $6.25 Time Remaining: 12h 17m Buy It Now for only: $6.25 |
 ROY ROGERS DALE EVANS IN HAWAII 8x10 $9.99 (1 Bid) Time Remaining: 2d 4h 40m |
 ROY ROGERS DALE EVANS Vintage 49 GOLDEN STALLION photo $11.95 Time Remaining: 4d 11h 48m Buy It Now for only: $11.95 |
 ROY ROGERS DALE EVANS 8X10 PHOTO G5624 $9.95 Time Remaining: 6d 2h 10m Buy It Now for only: $9.95 |
 ROY ROGERS DALE EVANS SPONGE BATH A HORSE SOUTH OF CALIENTE ORIGINAL STILL $9.99 Time Remaining: 4d 10h 2m Buy It Now for only: $9.99 |
 ROY ROGERS DALE EVANS SIGNING AUTOGRAPH 8x10 $9.99 (1 Bid) Time Remaining: 2d 4h 40m |
 ROY ROGERS DALE EVANS Vintage 49 GOLDEN STALLION photo $11.95 Time Remaining: 3d 14h 44m Buy It Now for only: $11.95 |
 ROY ROGERS DALE EVANS Vintage BELLS OF CORONADO PHOTO $11.95 Time Remaining: 21d 10h 8m Buy It Now for only: $11.95 |
 ROY ROGERS DALE EVANS VINTAGE 8x10 BW PUBLICITY STILL $9.99 (1 Bid) Time Remaining: 2d 4h 40m |
 RAINBOW OVER TEXAS Original 1946 Roy Rogers Dale Evans Photo $14.99 Time Remaining: 2d 8h 41m Buy It Now for only: $14.99 |
 WESTERN COWBOY ROY ROGERS DALE EVANS GABBY UTAH PHOTO $6.99 Time Remaining: 10d 2h 52m Buy It Now for only: $6.99 |
 YELLOW ROSE TEXAS 1945 8x10 ROY ROGERS DALE EVANS $6.99 Time Remaining: 2d 4h 40m |
 JEAN ROGERS DALE ARDEN FLASH GORDON 24X36 POSTER PRINT $24.99 Time Remaining: 24d 3h 53m Buy It Now for only: $24.99 |
 Roy Rogers Dale Evans Original 1950 Western Photo Bells of Coronado $7.95 Time Remaining: 13d 9h 25m Buy It Now for only: $7.95 |
 ROY ROGERS DALE EVANS REAL DOLLAR BILL $3.99 Time Remaining: 2d 12h 23m Buy It Now for only: $7.00 |
 ROY ROGERS DALE EVANS COLOR 24X36 POSTER ULTRA RARE $24.99 Time Remaining: 24d 3h 9m Buy It Now for only: $24.99 |
 ROY ROGERS DALE EVANS SINGING COWBOY WESTERN photo $7.99 Time Remaining: 2d 9h 24m Buy It Now for only: $7.99 |
 REPUBLIC PICTURES PUBLICITY PHOTO ROY ROGERS DALE EVANS $9.99 Time Remaining: 3d 22h 18m |
 ROY ROGERS DALE EVANS ORIGINAL Vintage 1944 western portrait PHOTO $19.95 Time Remaining: 4d 11h 48m Buy It Now for only: $19.95 |
 ROY ROGERS DALE EVANS Vintage BELLS OF CORONADO REPUBLIC Western PHOTO $11.95 Time Remaining: 2d 4h 6m Buy It Now for only: $11.95 |
 Roy Rogers Dale Evans Exhibit Card 1947 1966 Penny Arcade Card $19.99 Time Remaining: 12d 1h 30m Buy It Now for only: $19.99 |
 ROY ROGERS DALE EVANS UTAH $7.95 Time Remaining: 3d 22h 58m |
 ROY ROGERS DALE EVANS COLOR PHOTO with TRIGGER Hollywood 1940s Movie Actors $6.99 Time Remaining: 14d 10h 3m Buy It Now for only: $6.99 |
 ROY ROGERS DALE EVANS COLOR 11X14 PHOTO ULTRA RARE $9.99 Time Remaining: 22d 7h Buy It Now for only: $9.99 |
 ROY ROGERS DALE EVANS RARE ORIGINAL VINTAGE 8X10 STUDIO NEGATIVE PHOTO $99.99 Time Remaining: 4d 6h 37m |
 ROY ROGERS DALE EVANS TRIGGER vintage 1944 Candid Photo $11.95 Time Remaining: 3d 14h 44m Buy It Now for only: $11.95 |
 Jean Rogers as Dale Arden in Flash Gordon 24X30 Poster sexy pose $24.99 Time Remaining: 2d 8h 12m Buy It Now for only: $24.99 |
 ROY ROGERS DALE EVANS SONS OF THE PIONEERS UTAH $19.95 Time Remaining: 4d 20h 56m |
 ROY ROGERS AND DALE EVANS COLOR 8X10 PHOTO 7 $7.99 Time Remaining: 22d 6h 47m Buy It Now for only: $7.99 |
 ROY ROGERS DALE EVANS Vintage 1950 portrait PHOTO $14.95 Time Remaining: 2d 10h 30m Buy It Now for only: $14.95 |
 ROY ROGERS DALE EVANS SONG OF NEVADA 11x14 western TC print 1944 $8.95 Time Remaining: 6d 3h 45m Buy It Now for only: $9.95 |
 ROY ROGERS Dale EVANS metal CASE Business Card Holder $10.95 Time Remaining: 22d 12h 52m Buy It Now for only: $10.95 |
 ROY ROGERS DALE EVANS ORIG35MM SLIDE 4P 17 $19.99 Time Remaining: 29d 3h 7m Buy It Now for only: $19.99 |
 ROY ROGERS DALE EVANS Vintage 1944 portrait PHOTO $19.95 Time Remaining: 4d 11h 48m Buy It Now for only: $19.95 |
 ROY ROGERS DALE EVANS GABBY HAYES RAINBOW OVER TEXAS 11x14 TC print 1946 $8.95 Time Remaining: 6d 3h 45m Buy It Now for only: $9.95 |
 ROY ROGERS Dale Evans Trigger Vintage 50 Western PHOTO $14.95 Time Remaining: 2d 10h 29m Buy It Now for only: $14.95 |
 Roy Rogers and Dale Evans 73 western celebrity photo $2.49 Time Remaining: 23d 2h 26m Buy It Now for only: $2.49 |
 ROY ROGERS DALE EVANS GABBY HAYES HOME IN OKLAHOMA 11x14 TC print 1946 $8.95 Time Remaining: 6d 3h 45m Buy It Now for only: $9.95 |
 ROY ROGERS DALE EVANS STUDIO 24X36 POSTER PRINT $24.99 Time Remaining: 22d 6h 30m Buy It Now for only: $24.99 |
 ROY ROGERS DALE EVANS vintage 1944 western PHOTO $17.95 Time Remaining: 2d 10h 30m Buy It Now for only: $17.95 |
 ROY ROGERS DALE EVANS GABBY HAYES RAINBOW OVER TEXAS 11x14 print 1946 $8.95 Time Remaining: 6d 3h 45m Buy It Now for only: $9.95 |
 ROY ROGERS Dale Evans Vintage 51 KEY SET Western PHOTO $17.95 Time Remaining: 2d 10h 29m Buy It Now for only: $17.95 |
 Roy Rogers Dale Evans 2 Photo 8x10 $3.95 Time Remaining: 28d 2h 38m Buy It Now for only: $3.95 |
 ROY ROGERS DALE EVANS GABBY HAYES ROLL ON TEXAS MOON 11x14 print 1946 $8.95 Time Remaining: 6d 3h 45m Buy It Now for only: $9.95 |
 ROY ROGERS AND DALE EVANS 8X10 COLOR PHOTO $9.99 Time Remaining: 14d 3h 38m Buy It Now for only: $9.99 |
 44 ROY ROGERS DALE EVANS MOVIE AD Yellow Rose of Texas $7.69 Time Remaining: 3d 20h 52m Buy It Now for only: $7.69 |
 ROY ROGERS DALE EVANS GABBY HAYES MAN FROM OKLAHOMA 11x14 print 1945 $8.95 Time Remaining: 6d 3h 45m Buy It Now for only: $9.95 |
 ROY ROGERS DALE EVANS Vintage 1944 UTAH Close up PHOTO $17.95 Time Remaining: 2d 10h 29m Buy It Now for only: $17.95 |
 ROY ROGERS DALE EVANS 1944 LIGHTS OF OLD SANTA FE PHOTO $19.95 Time Remaining: 2d 10h 29m Buy It Now for only: $19.95 |
 1950 BELLS OF CORONADO MOVIE POSTER Roy Rogers Trigger Dale Evans WESTERN $410.00 Time Remaining: 5h 29m Buy It Now for only: $410.00 |
 ROY ROGERS DALE EVANS GABBY HAYES MY PAL TRIGGER 11x14 TC print 1946 $8.95 Time Remaining: 6d 3h 45m Buy It Now for only: $9.95 |
 Dale Evans Hollywood Walk Of Fame Card Roy Rogers show $2.00 Time Remaining: 20d 22h 33m Buy It Now for only: $2.00 |
 ROY ROGERS DALE EVANS ORIG REPUBLIC PICTURES WESTERN $12.00 Time Remaining: 24d 19h 56m Buy It Now for only: $12.00 |
 ROY ROGERS on TRIGGER DALE EVANS GABBY HAYES HELDORADO 11x14 TC print 1946 $8.95 Time Remaining: 6d 3h 45m Buy It Now for only: $9.95 |
 1957 ROY ROGERS DALE EVANS AND DUSTY PAPER DOLL BOOK VERY GOOD COND MANY UNCUT $24.99 Time Remaining: 22d 5h 29m Buy It Now for only: $24.99 |
 ROY ROGERS DALE EVANS Vintage 1946 photo MY PAL TRIGGER $12.99 Time Remaining: 12d 22h 15m Buy It Now for only: $12.99 |
 ROY ROGERS DALE EVANS GABBY HAYES ROLL ON TEXAS MOON 11x14 TC print 1946 $8.95 Time Remaining: 6d 3h 45m Buy It Now for only: $9.95 |
 APACHE ROSE still ROY ROGERS Dale Evans l445 $6.25 Time Remaining: 5d 11h 32m Buy It Now for only: $6.25 |
 TWILLIGHT IN SIERRAS ROY ROGERS DALE EVANS LOBBY CARD $24.99 Time Remaining: 6d 52m Buy It Now for only: $24.99 |
 ROY ROGERS DALE EVANS BELLS OF SAN ANGELO 11x14 western TC print 1947 $8.95 Time Remaining: 6d 3h 47m Buy It Now for only: $9.95 |
 Roy Rogers Estelita R Pat Brady Dale Evans 8x10 BW $6.99 Time Remaining: 18d 6h 3m Buy It Now for only: $6.99 |
 ROY ROGERS AND DALE EVANS PHOTOGRAPH 1 $12.00 Time Remaining: 3d 8h 42m Buy It Now for only: $12.00 |
 ROY ROGERS AND DALE EVANS PHOTOGRAPH 3 $12.00 Time Remaining: 3d 8h 42m Buy It Now for only: $12.00 |
 ROY ROGERS DALE EVANS BELLS OF CORONADO 11x14 western TC print 1950 $8.95 Time Remaining: 6d 3h 47m Buy It Now for only: $9.95 |
 ROY ROGERS AND DALE EVANS PHOTOGRAPH 6 $12.00 Time Remaining: 3d 8h 42m Buy It Now for only: $12.00 |
 ROY ROGERS AND DALE EVANS PHOTOGRAPH 2 $12.00 Time Remaining: 3d 8h 42m Buy It Now for only: $12.00 |
 ROY ROGERS DALE EVANS THE YELLOW ROSE OF TEXAS 11x14 TC print 1944 $8.95 Time Remaining: 6d 4h 23m Buy It Now for only: $9.95 |
 ROY ROGERS AND DALE EVANS PHOTOGRAPH 5 $12.00 Time Remaining: 3d 8h 42m Buy It Now for only: $12.00 |
 ROY ROGERS AND DALE EVANS PHOTOGRAPH 7 $12.00 Time Remaining: 3d 8h 42m Buy It Now for only: $12.00 |
 ROY ROGERS DALE EVANS THE YELLOW ROSE OF TEXAS 11x14 western print 1944 $8.95 Time Remaining: 6d 4h 23m Buy It Now for only: $9.95 |
 1948X10 BW Photo movie Utah Roy Rogers Dale Evens $15.99 Time Remaining: 21d 12h 2m Buy It Now for only: $15.99 |
 Roy Rogers Dale Evans Original 1944 Photo Cowboy and the Senorita Western $14.95 Time Remaining: 8d 7h 42m Buy It Now for only: $14.95 |
 DALE EVANS COLLECTIBLE ORNAMENT original box tag Roy Rogers Merchandising $6.50 Time Remaining: 6d 9h 47m |
 Roy Rogers Estelita R Pat Brady Dale Evans 8x10 BW 1 $6.99 Time Remaining: 18d 6h 1m Buy It Now for only: $6.99 |
 Rare ROY ROGERS DALE EVANS 8x10 Auto Photo Reprint $8.99 Time Remaining: 16d 7h 40m Buy It Now for only: $8.99 |
Rogers Dale
The Mark is Selected…the Fix is In…sting Underway
Trevor showed up at an open house party held by a local Realtor, Mary, for a new homebuyer. Several neighbors had dropped in for the welcoming event. A friend of the Title Company who had closed the loan for the new homeowner had invited Trevor to the gathering, as he was new in town and had stopped at the Title Company making inquires about future purchase business. Mary peeking out the window witnesses a sharply dressed middle aged man probably in his late 30s she surmised driving a brand new Mercedes. Upon entering, Trevor was dripping in bling with a huge Rolex watch, a heavy gold chain on his wrist and tailored suit that looked very expensive dressed out with a fine silk tie and a gold ring with an onyx setting bordered with small diamonds. It was a rare sight to see someone with French cuff links and a pleated white shirt. The light shinned off his carefully trimmed jet-black hair with a light amount of hair gel while showing good contrast with a deep tan. Mary noted that he was somewhat handsome man over six feet tall with a slight northeaster accent. He almost looked out of place but had an electric smile and a warm manner. There were about 20 people at the party. Introductions were made and Trevor indicated that he was involved in real estate investments. As small clusters of people gathered in various areas of the dining room and kitchen each sampling the bounty of passing dishes Trevor made his way from each group making small talk and further discussing the benefits of real estate investing with each. Betty Jane listening to the discussion appeared to be in deep thought. Finally, Betty Jane, a recent divorcee, asked Trevor if it was a good time to invest. Trevor turned his sharp focus in Betty Jane’s direction. Betty Jane was a friend of the new homebuyer and had used the same Realtor and Title closer on her loan and purchase twelve months ago. She had a comfort level with the professionals in the room. Betty Jane finally indicated to Trevor that she had recently became interested in finding property that would give good cash flow over something other than she was getting in CDs at the bank. Trevor engaged her further. A lengthy discussion followed. Numbers and information was exchanged. The game was on.
Betty Jane had excellent credit and was a professional marketing manager in her own right and had assets in the bank as well as a full investment portfolio which was just barely going sideways with the recent market climate. She wasn’t losing any money, but she wasn’t making much either. While at work Trevor called to make small talk and inquire as to the depth of Betty Jane’s commitment to find a good investment property.
A week passed and Trevor called Betty Jane to indicate that he might have something on the radar in the way of a stellar investment but would check it out fully before bothering her with anything that would not be in her best interest.
A few days later, Trevor called to say he had found a property but after doing a careful due diligence found the property had a termite problem. Likewise the owner wasn’t forthcoming about a settling problem of unstable soil in the neighbors house which could effect the for sale property so he rejected that possibility but was still looking for other opportunities. Trevor explained that he ran in different investment circles and was able to locate properties with extremely motivated seller’s who would listen to offers. Trevor’s stock began to rise.
A week later, Trevor called Betty Jane regarding an incredible deal that he had found and wanted to show the property to her with the listing Realtor. Since this was an exclusive property other Realtors were not being invited to sell it. The property was vacant and needed some improvements to bring it up to the neighborhood standards but had great square footage and otherwise in good structural condition. Betty Jane saw the potential and many of the homes in the area were selling in excess of $400,000.
Incredibly, Trevor called Betty Jane and indicated that he was in contact with a national writer who was looking for a large home in the area while he studied research material in the historical archives at the University in the area of Indian culture. This was to be the first in a series of three books, which would take some ten years to complete. It was a fiction based but needed to be factual in the background information. He wanted to lease with an option to buy a home similar to what Trevor was touting to Betty Jane but wanted some specific remodeling completed before moving in. The author wanted to remain below the radar and wanted to use a third party intermediary to negotiate and protect his identity. In this case, it was the author’s business manager. Trevor met with Betty Jane and showed her the agreement. Remarkably the terms included paying $5,000 per month including all utilities and deposits, and Trevor showed Betty Jane a cashiers check for $12,000 representing the first and last month’s rent and $2,000 option money. The option price was set at $600,000 or appraised value in three years. The improvements would certainly make the property worth a lot more, Betty Jane reasoned. The stipulation of the lease-option was that the property had to be remodeled to meet the specifications of the anonymous author who demanded secrecy, security, and floor plan modifications with a new kitchen as the author professed to be a gourmet cook. Trevor showed Betty Jane a virtual plan of the remodeled property that the author had agreed to in the lease option agreement. Trevor went on to explain the author was demanding autonomy and did not want any publicity while he worked on his next series of books. For that reason a high security fence was to be built in the back to shield him from prying eyes. Trevor’s contractor connection had already bid the property construction work out at $85,000. However, to take care of this opportunity, Betty Jane would need to move quickly to lock up this rare deal. The sales price was set at the appraised price of $425,000.00. This was about $40,000 more than the closest comparable but there was this great lease option and there were improvements to be made. Betty Jane decided to go ahead. With Betty Jane's excellent credit she was able to get a 90% Combined Loan To Value with an 80% first of $340,000 at 6.5% and 10% LTV second mortgage of $42,500 at 8%. The total payment was $2,149.03/month on the first mortgage and $311.85 on the second for a total principal and interest payment of $2,149.03 + $311.85 = $2,460.88/month plus $390/month in taxes and $280/month insurance for a total payment of $3,130.88/month. And even with paying the utilities budgeted at $800/month including lawn care and maintenance that would still leave approximately $3,130.88 + $800 = $3,930.88 outgo with $5,000 in rent would give $1,069.12/month in estimated cash flow each month. With a 10% down payment of $42,500 and $8,000 in closing cost Betty Jane’s total investment was now $50,500 for which she figured she would get $12,829.44/$50,500 = 25.40% Return On Equity. Trevor showed her with the depreciation with land value backed out at $100,000 the improvement remainder of $325,000/27.5 years = $11,818.18/year in depreciation. The interest deduction would amount to $22,100 on the first mortgage and $3,400.00 on the second mortgage for a total deduction of $25,500. This would make for depreciation deduction of $11,818.18/year plus $25,500 the first years interest for a grand total of $37,318 to offset the rental income. The future appreciation and option exercise price Trevor demonstrated to Betty Jane was a situation investors dreamed about.
With the improvements the Return on Equity was now at 9.94%. The only thing Betty Jane needed to do was to arrange for the $85,000 construction funds to make the improvements on the purchase. For this Betty Jane took out a Home Equity Line Of Credit on her personal residence. All the mortgages and the closing were completed in three weeks from start to finish. The appraiser had to supply some additional comparables with notes of the impending improvements the lender signed off. The closing was held at a Title company of the seller’s and Trevor’s choosing. Betty Jane received the signed Lease Option Agreement with the $12,000 check from the author’s business manager and she wrote a check out to the construction company which promised to complete all the work in two weeks and thus needed the entire $85,000 up front. This she gave to Trevor. On the closing statement was a $40,000 amount paid from the seller’s side payable to Trevor for contract assignment and consulting. Trevor indicated to Betty Jane that this was normal and customary in his investment practice and at any rate he reinforced to her that since she was getting such a great deal she shouldn’t mind sharing some of the profits. Besides, the seller was paying for it. Closing went on and Betty Jane was the proud owner of the property to be leased to a famous author.
The contractors failed to show up on Monday as planned. Betty Jane called Trevor. The phone was disconnected. She called again. Disconnected. In a panic, Betty Jane called the original Title person, Patricia, who closed on her home loan and had made the introduction at the open house to find out if she had heard from Trevor. She stated that the last time she had seen Trevor was at the Open House but she asked why she was trying to find Trevor. Betty Jane told the story. There was dead silence on the other end of the line. Patricia took a deep breath and shared with Betty Jane that she may be a victim of fraud. Betty Jane broke down and cried. Patricia insisted that Betty Jane call the FBI and tell her story. Agent Ryan showed up at Betty Jane’s home and they went through all the details. Agent Ryan had been chasing this con man for over a year now. As the facts were revealed, the appraiser in conjunction with the Title Company by using two closing statements, one for the bank and one for the seller had all participated in perpetrating this fraud on Betty Jane. Agent Ryan shared that “Trevor” had closed three other deals on the same day and left town. The house was actually worth about $375,000 and needed work. “Trevor” had received $85,000 from Betty Jane and another $40,000 from the Title company for a total score of $125,000. The $12,000 check Betty Jane received bounced and was worthless. Betty Jane was left with a property worth less than $50,000 from what she paid for it. The market rents were only $2,000 per month if that. Now Betty Jane had a $3,130.88 plus a Home Equity Line Of Credit payment on her personal resident of $653.58/month with a massive shortfall to look at each month.
To cut the bleeding Betty Jane with her Realtor friend spiffed the property up as much as possible with paint and cosmetics and was able to sell the property for a little less than the mortgage. Betty Jane made up the difference out of the pocket. Betty Jane’s attorney sued the Title Company and the appraiser along with the participating Realtor and they have yet to go to court. This transaction had the potential to destroy Betty Jane’s excellent credit. It was a strain.
Agent Ryan, using a group picture from the open house party put out fresh photos of “Trevor” and two weeks later he was captured and charged with mortgage fraud among a litany of other charges. He still had some of the remainder cash but there were lots of people after their money and Betty Jane had little hope of getting all her money back. She was now, a lot wiser however.
Eventually, she did back in the real estate game with a team of good people and is slowly winning her way back.
Like any investment there are things to look for. If it sounds too good to be true, it probably is.
It’s always advisable to have an attorney at your side during negotiations and at closing. Get all the facts. Deal with established companies and brokers well known and long experienced in the community. Someone new in town just showing up is a red flag. Anyone can independently verify values. Start with the local assessor and work it from there. One can look very closely at the title history with one’s attorney to see if it’s a flip property or anything else that may not look right. One needs to take their time and not be rushed into these “great deals”. If you happen to miss one, there will be another coming along soon. Keeping the powder dry allows one to do something another day.
Dale Rogers
www.brokencredit.com
www.sellerhelpsbuyer.com
All rights reserved. Article may be reprinted as long as the content remains intact, unchanged, and all links remain active.
About the Author
Dale Rogers is a thirty-year mortgage veteran and frequent contributor to the Broken Credit Blog. The BCB is a free website created to assist the general public with information about credit repair and responsible mortgage lending.
www.BrokenCredit.com
www.sellerhelpsbuyer.com
what baseball card is the best and how much is it worth.?
These cards are all mini and from 1988 tops chewing gum.
Cal Ripken (not cal ripken jr.)
gary gaetti
dwight evans
dale murphy
frank viola
brook jacoby
mark Mcgwire
greg walker
roger clemens
which are worth the most?
Sorry but almost all of the cards from the explosion time (1980s'-1990s) have little to no value due to mass production. Out of those there, I would say Ripken. Clemens and McGwire are cheaters and their stock is dropping. Evans was another great player and the rest were really not much in their careers. Ripken is easily the best in this group.
ROLL ON, TEXAS MOON TRAILER ROY ROGERS DALE EVANS 1946