Saturday, September 20, 2008

Zero down. Fieldstone loses on this one.

206 MORESBY Ln Redwood City, CA 94063
Price: $650,000
Beds: 3
Baths: 2.5
Sq. Ft.: 1,405


Nice place in Redwood City, east of 101. Owners are looking at quite a loss though. Well, maybe not really since they didn't put down a PENNY when they bought it. And people wonder how we got into this mess? Fieldstone is looking at a 90k loss, if they sell at asking.

Event date 4/26/2005
Sale amount $738,000
1st party Chien,David
2nd party Castillo,Jorge & Sagrario
Owner address 206 Moresby Ln
Redwood City, CA
94063
Lender # 1 Fieldstone Mortgage Co
Loan amount # 1 $590,400
Rate type # 1 Variable
Lender # 2 Fieldstone Mortgage Co
Loan amount # 2 $147,600
Rate type # 2 Fixed

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