Multi-Million Dollar Kirkland Mansion Taken Over by Squatters
The Seattle Times recently wrote a story about a multi-million dollar mansion in Kirkland’s upscale West of Market neighborhood that has been taken over by squatters. The home, currently listed for $3.3 million and owned by First Citizens Bank (through their acquisition of Venture Bank from the FDIC) recently saw a family consisting of two adults and two children move into the property and claim ownership of it entirely. A notice has been posted on the door claiming that “all rights, interest and title in the property” has been transferred to Priority Rose Children’s Outreach of Bothell. A two week old Charity according to the article. Coincidentally, the charity shares the same listed phone number as a Bothell company called NW Note elimination. A company that “specializes” in “eliminating mortgages” through what many would call dubious practices. When police were called in to investigate they were shown a document by the new occupant claiming ownership. Since the police don’t often involve themselves in these type of cases, it will be up to the bank to evict the squatters through proper eviction proceedings and eventually physical removal from the property by the King County Sheriff.
You can read the entire article here.
What are your thoughts regarding this story? How long do you think it will take the bank to evict the squatters? Post your comments below.
Categories: Featured, Foreclosures Tags: bank owned, eviction, Kirkland, squatters
Major Leage All-Star Purchases Malibu Foreclosure Property
Ryan Braun, the All-Star outfielder for the Milwaukee Brewers knows a good deal when he sees one. Braun just closed escrow on a bank owned foreclosure property located in Malibu that was once listed during the peak real estate prices of 2007 for $8.9M. Braun picked up the Mediteranian styled ocean view villa for the bargain basement price of $4.85M
To read the full story follow this link.
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