Jose Baez Both Homes in Foreclosure

[cuppy199]

IMO I believe what we are seeing is the Listing price, a high listing price IMO and not the actual Sale price..and I doubt the listing price reflects the current Market Value of the home.
I'd like to see the comparable listings and the final sell price for similar homes in that neighbourhood.

Its sale by owner my guess he made his own and didnt even compare.

 

[nums24]

You should be able to tell the rental from the owner occupied property. The rental property can't have the Homestead or Save Our Homes tax benefit, only an owner occupied dwelling.

Here is the rental property tax bill, I do not any exemption codes listed on this bill.

 

[countzero]

Did you see the first post of this thread LOL??? I attached the Lis Pendens notice. I downloaded it from the Osceola County Recorder. You can find the mortgage info there too.

Yep, I did. It was my Oh duh moment.

Ok, from reading the first page, JB mortgaged this home using his ML CMA account. In other words, he had money in ML and used it to guarantee the loan. When ML was purchased by BOA, they lost a boat load of money, especially on the mortgage side of ML. So what money was left in that account,probably close to nothing, went towards paying the mortgage balance when JB failed to pay his monthly payments.

The loan was apparently bundled and sold to US Bank, as BOA had to dump most of the bad loans. Not uncommon for this to occur either.

So JB lost his money in ML and then failed to pay his mortgage. That's all folks.

Now, where is the current sales listing ..... it shouldn't be a FSOB either.

 

[nums24]

You should be able to tell the rental from the owner occupied property. The rental property can't have the Homestead or Save Our Homes tax benefit, only an owner occupied dwelling.

Here is the foreclosed property tax bill, this one has AX, HX exemption codes:

 

[countzero]

Here is the rental property tax bill

Thanks. The plat descriptions on the foreclosure do not match the plat descriptions on the tax bill.

 

[nums24]

Yep, I did. It was my Oh duh moment.

Ok, from reading the first page, JB mortgaged this home using his ML CMA account. In other words, he had money in ML and used it to guarantee the loan. When ML was purchased by BOA, they lost a boat load of money, especially on the mortgage side of ML. So what money was left in that account,probably close to nothing, went towards paying the mortgage balance when JB failed to pay his monthly payments.

The loan was apparently bundled and sold to US Bank, as BOA had to dump most of the bad loans. Not uncommon for this to occur either.

So JB lost his money in ML and then failed to pay his mortgage. That's all folks.

Now, where is the current sales listing ..... it shouldn't be a FSOB either.

I can't find a current MLS listing anywhere, yet.

Here is the mortgage assignment:

 

[countzero]

Here is the foreclosed property tax bill:

Thanks, yep. the plat descriptions match.

So, this property tax bill was paid

Paid
07/08/2010
Receipt #
$6,958.77 2700887

 

[nums24]

IMO I believe what we are seeing is the Listing price, a high listing price IMO and not the actual Sale price..and I doubt the listing price reflects the current Market Value of the home.
I'd like to see the comparable listings and the final sell price for similar homes in that neighbourhood.

I believe that too. Here are some comps from homes.com:


Pin Address Sold Price Sq.Ft Beds Baths Sold Date
1. 1407 WATER LILLY LN
Kissimmee , FL 34744 $499,000 3847 5 4 3/26/2010

2. 1771 LEE JANZEN DR
Kissimmee , FL 34744 $260,000 3213 4 3 3/2/2010

3. 1803 LEE JANZEN DR
Kissimmee , FL 34744 $205,000 2354 4 3 6/25/2010

4. 1401 SWEET BAY CT
Kissimmee , FL 34744 $271,000 2279 4 3 3/2/2010

5. 2782 KISSIMMEE BAY CIR
Kissimmee , FL 34744 $295,000 3827 5 2 12/24/2009

6. 1741 SAINT TROPEZ CT
Kissimmee , FL 34744 $179,000 1704 3 2 11/23/2009

7. 1708 SAINT TROPEZ CT
Kissimmee , FL 34744 $155,000 1758 3 2 4/26/2010

8. 1701 ELSIE PARK CT
Kissimmee , FL 34744 $218,000 2670 3 3 4/28/2010

9. 1715 Elsie Park Ct
Kissimmee , FL 34744 $279,000 0 0 0 7/29/2009

10. 2762 KISSIMMEE BAY CIR
Kissimmee , FL 34744 $218,000 2849 4 3 4/8/2010

 

[countzero]

I can't find a current MLS listing anywhere, yet.

Here is the mortgage assignment:

Thanks, but this really isn't important other than to show JB was stupid enough to use his personal ML account to buy property he can't afford. No a smart business decision. But he certainly wasn't the only person who did this back in late 06 early 07. Some people were foreclosed on within 6-9 months of signing their papers.

 

[RR0004]

JB's house has been sold??

It looks like it was for sale by owner and has sold.

I have attached the listing. That would explain the motion to dismiss on the docket:

07/09/2010 NOTICE OF APPEARANCE JOSE BAEZ AND LORENA BAEZ

07/09/2010 DEFENDANTS' MOTION TO DISMISS COMPLAINT (JOSE BAEZ AND LORENA BAEZ)

See...and he no doubt made some money...foreclosure and all. They probably waived any penalties that accrued...IMO.

ETA: oops, may have spoken too soon.

 

[nums24]

nums, there isn't a date of sale on this link ....... ???

Ok, this was an expired listing ....http://www.fizber.com/florida/buy-single-family-home-454981.html

CZ - I looked at the listing site and the house must have been listed using the "basic package", here is what I found in the FAQ section:

How long will my property be listed for?
If you choose a Basic package, we will list your ad for a month, with all other packages your ad will be shown until SOLD, no questions... UNTIL SOLD!

 

[countzero]

CZ - I looked at the listing site and the house must have been listed using the "basic package", here is what I found in the FAQ section:

How long will my property be listed for?
If you choose a Basic package, we will list your ad for a month, with all other packages your ad will be shown until SOLD, no questions... UNTIL SOLD!

Yep, we are sure he choose the basic package, no $$$ involved. I am still giggling over that. Anyhow, this listing of his is very, very old. Just checking the 34743 listings and a new one has a listing id#10656106 where JBs was id#454981, lol. So gotta give JB and 1/100 of credit for attempting to sell it. :angel:

 

[countzero]

Here is the rental property tax bill, I do not any exemption codes listed on this bill.

Just an FYI, this address is associated with JB when he had his real estate license. Maybe he should have stuck with it instead of doing what he is now.


Licensee Information
Name: BAEZ, JOSE ANGEL (Primary Name)
(DBA Name)
Main Address: 2781 WOODSTREAM CIRCLE
KISSIMMEE Florida 34743
County: OSCEOLA

License Mailing: 2781 WOODSTREAM CIRCLE
KISSIMMEE FL 34743
County: OSCEOLA

LicenseLocation:


License Information
License Type: Real Estate Broker or Sales
Rank:
License Number:
Status: Application Expired
Licensure Date:
Expires:

 

[SuziQ]

I respect everyone's right to an opinion, mine is that I don't wish foreclosure on Baez or anybody for that matter.

***Karma***

 

[OneLostGrl]

The guy's just doing his job. :waitasec:

Granted, it's a crappy job, but someones got to do it...it's like proctology

His job has nothing to do with my opinion of him. I adore hardworking, reasonably honest defense lawyers- I wouldn't be here without 'em.

 

[Intermezzo]

I believe that too. Here are some comps from homes.com:


Pin Address Sold Price Sq.Ft Beds Baths Sold Date
1. 1407 WATER LILLY LN
Kissimmee , FL 34744 $499,000 3847 5 4 3/26/2010

2. 1771 LEE JANZEN DR
Kissimmee , FL 34744 $260,000 3213 4 3 3/2/2010

3. 1803 LEE JANZEN DR
Kissimmee , FL 34744 $205,000 2354 4 3 6/25/2010

4. 1401 SWEET BAY CT
Kissimmee , FL 34744 $271,000 2279 4 3 3/2/2010

5. 2782 KISSIMMEE BAY CIR
Kissimmee , FL 34744 $295,000 3827 5 2 12/24/2009

6. 1741 SAINT TROPEZ CT
Kissimmee , FL 34744 $179,000 1704 3 2 11/23/2009

7. 1708 SAINT TROPEZ CT
Kissimmee , FL 34744 $155,000 1758 3 2 4/26/2010

8. 1701 ELSIE PARK CT
Kissimmee , FL 34744 $218,000 2670 3 3 4/28/2010

9. 1715 Elsie Park Ct
Kissimmee , FL 34744 $279,000 0 0 0 7/29/2009

10. 2762 KISSIMMEE BAY CIR
Kissimmee , FL 34744 $218,000 2849 4 3 4/8/2010

Thanks nums
I see a few homes with a larger square footage than his than sold for much less that his listing price..

His listing price does not match the comparables in that area...
:twocents:

 

[nums24]

Yep, we are sure he choose the basic package, no $$$ involved. I am still giggling over that. Anyhow, this listing of his is very, very old. Just checking the 34743 listings and a new one has a listing id#10656106 where JBs was id#454981, lol. So gotta give JB and 1/100 of credit for attempting to sell it. :angel:

So this was probably the original list price from when JB purchased the home. That makes sense! Thanks CountZero!

 

[nums24]

Say Nums24 - did you send her an urgent email! Kathi would be so excited!!!

I did, no reply.

 

[countzero]

So this was probably the original list price from when JB purchased the home. That makes sense! Thanks CountZero!

Yep, I don't know when JB "gave up" his real estate license, but it looks like he was playing the house flipping game at the wrong time. Out of the homes he was purchasing, he at some point in time decided to move into the fanciest one and claim it as his residence. Makes sense, until he could no longer afford it.

Again, he was among the millions out there who did this and now we JQ public are paying the price of their greed. IMO.

 

[Sparky]

Osceola County Property Appraiser

Input address. Gives you all the info on the property plus tax info.

Paid 07/08/2010 10:13AM Rcpt # xxxxxxx $6,958.77

http://ira.property-appraiser.org/PropertySearch/Default.aspx