I was digging around in the Snohomish County public records and I came across this interesting property history. Original purchase price is unknown, but records indicate that the serial refinancer owned the property since at least 1976.
| Date | Document | Amount |
|---|---|---|
| 03.01.2002 | Deed of Trust | $12,528 |
| 03.07.2002 | Deed of Trust | $82,787 |
| 06.21.2002 | Deed of Trust | $17,973 |
| 08.15.2002 | Deed of Trust | $20,263 |
| 03.31.2003 | Deed of Trust | $118,000 |
| 10.07.2003 | Deed of Trust | $6,680 |
| 11.25.2003 | Deed of Trust | $8,752 |
| 07.22.2004 | Deed of Trust | $18,653 |
| 05.02.2005 | Deed of Trust | $23,461 |
| 09.27.2005 | Deed of Trust | $28,457 |
| 01.23.2006 | Deed of Trust | $159,820 |
| 02.08.2006 | Deed of Trust | $10,458 |
| 03.17.2006 | Deed of Trust | $15,401 |
| 11.03.2006 | Deed of Trust | $30,982 |
| 12.19.2006 | Deed of Trust | $41,976 |
| 11.24.2008 | Notice of Trustee Sale | $157,544 |
| 07.07.2009 | Trustee Deed | $159,820 |
Granted, we’re not talking about a lot of money here (relative to the cost of most Seattle-area homes), but fifteen refinances in less than five years?!? Followed (not surprisingly) by a foreclosure last year. That has to be some kind of a record.