Not that long ago I wrote about a woman that chained herself to her front porch to prevent her home from being foreclosed on. I’m afraid the story has turned into the pleading mother begging for the return of her child, only to have murdered it herself.
June isn’t an innocent victim here of banks gone wild, although I would pay good money to see that video. She is a serial defaulter. Court documents show that she has purchased and lost seven homes in California for non-payment.
Joe Stemmer sold two Palm Springs properties to Reyno in 2006. The original note on the homes was for $44,000 each.
Stemmer says she made two payments at the agreed note amount of $256 a month. But then he claims the payments stopped and the excuses started.
Apparently Reyno borrowed and borrowed against her primary home to consolidate credit card debts and buy properties or try to make payments on other properties. Silly.
A real estate investor once told me that if you are going to play with the big boys you better not cry when you get bit. June, you got bit. You tried to create a real estate empire on the foundation of shifting sand and it is now crumbling around you. Yours is not a case of an innocent family being booted out of the only shelter they have. Unfortunately yours is a case of someone who highly leverged their shelter to dig a deeper hole and obligate themselves to things they could not really afford.
June, please, for the sake of all of the people that I fight and care for our here that are in terrible situations, please let your house go and move on so we can get real help for innocent homeowners in trouble. You’re not innocent.