Leslie Clark Stipek


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Real Estate

13420 Savanna
Tustin, CA   92782

MAP
 
Purchased by Les Stipek 5/1993 for $167K (public records)
Purchased by Les Stipek 1995 for $150K (court testimony-Les)
Sold to Kevin Stipek 12/2000 for $200K
Refinanced 9/2001 for $208K by Downey S&L
Refinanced 3/2004 for $100K by Bank of America
Refinanced 6/2005 for $350K and $100K by Sierra Pacific Mortgage Co, $200K went to Les
Recently on the market (July 21, 2006) asking $529K but is no longer for sale.
Currently the home of Kevin and Les Stipek

Property Report:   Page 1   Page 2   Page 3  
 

 

12551 Welbe Drive
Santa Ana, CA   92705

MAP
 
Purchased 4/1999 for $585K
Refinance in 10/2005 for $975K and $195K by Bayrock Mortgage Corp, Les claims he took $200K out
A license for Bayrock Mortgage Corp could not be found in the California Department of Real Estate database. Hasn't made payment since May 2006
For Sale since July 26, 2006, asking $1.2 million and has been vacant for months.
Bank is expected to foreclose soon

Property Report:   Page 1   Page 2   Page 3  
 

 

1205 23rd ST
Manhattan Beach, CA   90266

MAP
 
Purchased by Les Stipek 4/2003 for $1,075K
Gave to daughter Kerri Cohen (Stipek) 3/2004
Refinanced 4/2003 for $860K by Americas Wholesale Lender
Refinanced 12/2003 for $113.5K by Countrywide Home Loans Inc
Refinanced 10/2005 for $1,330K by Express Capital Lending.
Refinanced 1/2006 for $300K by MortgageIT Inc.   The real estate license of MortgageIT Inc expired on 08/13/03
10/2005 and 1/2006 refinancing $700-800K out of equity. $200K went to Kerri. $500K-600K went to Les *
Court records indicate a contruction loan was taken on the home but Les stated in court that no construction has been done.
5/2006 loans delinquent
Bank foreclosed on the house
12/2006 trustee sale
$1,630K was owed on the house
$1,400K was the value stated in bankruptcy court
For Sale asking $1,849K.

Property Report:   Page 1   Page 2   Page 3  

* When questioned by Karen Naylor, Les stated he received $500-$600K from the refinance, when questioned by Gary Caris, Les denied saying he received $500-600K and then said he received $300K.