FORECLOSURE - 310 WILDWOOD DR, South San Francisco, CA 94080
REO on 12/24/2007. Now listed for $629,900.
Does anyone know Fern King from South San Francisco? If so, I'd love to know the story behind this home. I don't know how much Fern paid for 310 Wildwood, because none of the popular sites seem to have any purchases listed prior to 12/24/2007. What we do know from property shark is that Fern refinanced in March of 2000 for $222k. Not a big deal, right? But then Fern refinanced twice more...
Nov 2003 - $410k
Aug 2006 - $725k
Now, I'm no real estate expert, and certainly no mortgage expert. And this is just info from free web sites. But is there any possible explanation for this? Fern took out at least $500,000 in cash over the course of 6 years. Then on 12/24/2007, Christmas Eve, Fern lost the home to foreclosure. Final bill on the loan - $646,671.
If anyone knows Fern's story, I'd love to hear it.
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our family use to live 2 doors down from Fern, husband & son. my parents bought our home in 1971 for $29,000 and i was 2 yrs old at the time. Fern and her family had already been living there. we were pretty close to the family as she had son my age & one day Fern up & left/divorced husband and moved to Hawaii. my mom was in shock cuz she never said a word. the ex-husband & son lived in the home then the ex husband passed away & i just assumed the son inherited the home, had no idea Fern still carried note on it all these years. we moved in 1987 & parents sold our home for $189,500 and we moved up north. my mom just mentioned Fern the other day so i googled her name and found out she was living not even 10 miles away from us now but passed away this past March. guess i should have googled her last year. hope this helps, if you want more details i would need to ask my mom as i don't remember alot of details but she does.
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