Another Strange Foreclosure Tale…

Wow…ok, this is another good foreclosure tale here!

Cheronda Guyton, a Wells Fargo Senior Vice President for foreclosed properties has been using a 12 million dollar Malibu mansion that Wells foreclosed on as a personal weekend getaway home!!

Real estate agents have offers for the property but Wells Fargo has denied the prospective buyers from viewing the property.

No wonder why…Cheronda has been living it up Malibu style in a rent-free 12 million dollar beach home! She can’t have prospective buyers party-crashing now can she??

She even held a huge bash at the end of August where guests arrived via yacht and docked at the home’s waterfront entrance! This is great stuff–I couldn’t make this up!

Another wonderfully amusing yet sad tale in the land of foreclosures, short sales, and bank mis-behavings…

Oh, and in case you were wondering, the property was about 3,800 sq. ft. Valued at 12 million, that makes it about $3157.00 per sq. ft. And who says the average Phoenix home at $125.00 a sq. ft isn’t affordable???

Related posts:

1. Why Wells Fargo will foreclose on your property..
2. Foreclosure Rates Fell in late 2010
3. Wells Fargo no longer postponing foreclosures…
4. Bank CEO’s make how much??
5. Foreclosure scandal continues…