An Insider's Guide to North San Diego County's Coastal Real Estate
Jim Klinge, broker-associate
617 Saxony Place, Suite 101
Encinitas, CA 92024
Klinge Realty
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Are you looking for an experienced agent to help you buy or sell a home? Contact Jim the Realtor!

Jim Klinge
Cell/Text: (858) 997-3801
701 Palomar Airport Road, Suite 300
Carlsbad, CA 92011

Posted by on Aug 30, 2018 in Bubbleinfo TV, Foreclosures/REOs, Jim's Take on the Market, Rancho Santa Fe, REO Pre-Listings | 5 comments | Print Print

RSF Bank-Owned Mold Farm

This sold for $4,000,000 in 2001. On 9/11/2007, the former owners of this property took out a mortgage for $8,500,000, and the bank foreclosed in 2014…….but they haven’t sold it yet:

It will be back on the market some day!

We might see this REO sooner, now that the bank foreclosed after the former owner who got sentenced to 34 months (WaMu/Chase had $4.5 million in loans):


  1. Just another day in the Ranch. Lot of sketchy-ness not too far below the surface.

  2. His wife practically WALKED!

    Sentences like that don’t deter others. It INSPIRES them!

    She should spend 5 years in a chain gang on the border picking up discarded water bottles. AND pay DOUBLE what she stole. Then another 5 years sweeping the I-5 with a broom for thinking she could get away with it. And an ovary clipping.

    If we can have “hate crimes,” we should have “thinking you could get away with it” crimes.

    The husband just required a brick wall, and five passionate marksmen.

  3. His wife practically WALKED!

    She’s already out of jail by now.

  4. Here is an interview/infomercial of the guy

  5. Bankruptcy fraud and tax evasion. Makes me wonder how many of his clients have been setup to fail using his “techniques”. I guess when it comes down to it, if you were one of his clients and you were misled by his counsel, then you’re off the hook?

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