Amber Frey's house in foreclosure?

I just heard about this on TV... is there a thread for it already?

Sorry if it's already being discussed, I searched and didnt find anything

Thanks if someone can let me know



I found this on TMZ

http://www.tmz.com/2008/09/19/amber-...me-foreclosed/

[LisaM22]

i guess the money from her book deal stopped coming in, she should of saved some for a rainy day and not bought a 1\2 million dollar house if this is true - jmho

[LisaM22]

here is a link so thread doesn't go poof

"Amber Frey May Lose Clovis Home"

http://cbs13.com/local/Amber.Frey.May.2.821774.html

Originally Posted by LisaM22

here is a link so thread doesn't go poof

"Amber Frey May Lose Clovis Home"

http://cbs13.com/local/Amber.Frey.May.2.821774.html

Thanks LisaM

sheesh, looks like she blew any money she got from her book etc.

She opened a Day Spa and bought the house

What I can't get over is why would she buy such an expensive house if she had to take out a mortgage for $431,000 in order to buy it?!?

I figure she must have gotten at least a decent amount of cash for her book but opening a business and then mortagaging yourself to the hilt for a fancy house at the same time seems pretty stupid!

jmo but she always seemed like a bit of a dimwit to me

[Katprint]

Originally Posted by Lostgirl

Thanks LisaM

sheesh, looks like she blew any money she got from her book etc.

She opened a Day Spa and bought the house

What I can't get over is why would she buy such an expensive house if she had to take out a mortgage for $431,000 in order to buy it?!?

I figure she must have gotten at least a decent amount of cash for her book but opening a business and then mortagaging yourself to the hilt for a fancy house at the same time seems pretty stupid!

jmo but she always seemed like a bit of a dimwit to me

Houses here in California cost a lot of money. Normally, buying a house is a good investment. Back when she bought her house, you practically couldn't but a decent house with hot and cold water for less than $500K, and everyone expected their houses would continue to appreciate at 20% per year like they had been doing for the prior 5-10 years. My husband's cousin bought a $800K house in Richmond, CA which is the same model as his neighbor's which recently fetched $400K in a foreclosure sale.

I think she is merely riding in the same sinking boat as so many other homeowners in today's market, particularly if she had an adjustable rate mortgage with a very low "teaser" rate that re-adjusted beyond her means but she wasn't able to refinance because her home had dropped in value. Perhaps some of you other posters have heard about the recent meltdown of the financial market and the feds' proposed $700 billion bailout ...

Katprint
Always only my own opinions

Yes I'm aware of the current financial situation and the mortgage crisis etc but I still think it's a bit foolish to bite off more than you can chew.

She opened a business "Escape" spa AND bought a house

I think that would be great if she could afford it but imo when you have to take out a mortgage of $431,000 in order to get the place and justify a large mortage by pinning your hopes on the housing market continuing to increase in value it's kinda risky.... maybe she should have waited until she knew how her business was doing first because IF the bottoms falls out of the housing market (which has happened before and will happen again) you're gonna find yourself losing the house and probably your investment as well.

A good friend of mine opened a similar type of business (massages, facials, nails, make-up, aromatherapy...etc etc) and in order to make it successful she almost worked night and day for the first 2 years.
Now it's doing great but it was a lot of hard work, long hours, headaches....plus employees who don't work out and hiring new people until she finally has a reliable staff and steady clientele.

On another site a lady who lives in Clovis posted that $500,000 would have been a VERY expensive house for that area and that most houses in Clovis (2-3 years ago when Amber purchased) were $200-$350 thousand... I don't know if that's the case or not because i don't live in the Clovis area of Fresno and I'm not familiar with the real estate value in that area but if her comments are accurate then it sounds like Amber bought an expensive house for the area.

Plus what about her husband?
He's a dept of corrections officer and supposedly makes good money... is she split from him and once again a single mom?

I dunno... I get the feeling that maybe Amber doesnt make the wisest choices in men or finances.

JMO of course

[BorderCollieMom]

I cant believe theres a thread on this.

<shaking head>

I live here in fresno and we had to put up with the Amber-Scott fiasco from the get-go......believe me........we here don't give a crap about either......he got life...she got MORE than her 15 minutes of fame....we just wish she would go away.....

Originally Posted by Pooh1

I live here in fresno and we had to put up with the Amber-Scott fiasco from the get-go......believe me........we here don't give a crap about either......he got life...she got MORE than her 15 minutes of fame....we just wish she would go away.....

well with her house in foreclosure... you might get your wish

[Tracian]

Originally Posted by Pooh1

I live here in fresno and we had to put up with the Amber-Scott fiasco from the get-go......believe me........we here don't give a crap about either......he got life...she got MORE than her 15 minutes of fame....we just wish she would go away.....

ITA

For Laci and Connor

[LisaM22]

Originally Posted by Katprint

Houses here in California cost a lot of money. Normally, buying a house is a good investment. Back when she bought her house, you practically couldn't but a decent house with hot and cold water for less than $500K, and everyone expected their houses would continue to appreciate at 20% per year like they had been doing for the prior 5-10 years. My husband's cousin bought a $800K house in Richmond, CA which is the same model as his neighbor's which recently fetched $400K in a foreclosure sale.

I think she is merely riding in the same sinking boat as so many other homeowners in today's market, particularly if she had an adjustable rate mortgage with a very low "teaser" rate that re-adjusted beyond her means but she wasn't able to refinance because her home had dropped in value. Perhaps some of you other posters have heard about the recent meltdown of the financial market and the feds' proposed $700 billion bailout ...

Katprint
Always only my own opinions

maybe not in your neighborhood, but I bet there are houses under 1\2 a million in California, or do only the rich own homes? everyone else rents? I am guessing she was surviving on much less when she met SP - I think she still owns the club, so she should be fine, just needs to downgrade her lifestyle imo

[VC2]

i think it is of interest because she was propped by GA and others as some sort of heroine when imo she was less than.

She did have a chance to make great choices for herself and her child/ren (not sure if she had more than one) given the book and her publicity which she took full advantage of and imo took advantage of Laci's death. There are many a woman who was the "other woman" but few showed the relish she did in it.

IMO

[Tracian]

Originally Posted by VC2

i think it is of interest because she was propped by GA and others as some sort of heroine when imo she was less than.

She did have a chance to make great choices for herself and her child/ren (not sure if she had more than one) given the book and her publicity which she took full advantage of and imo took advantage of Laci's death. There are many a woman who was the "other woman" but few showed the relish she did in it.

IMO

To my knowledge, she has two children, one born either during or right after the trial...at least in that time frame.

I think her book was blood money...she was the unwitting mistress of Scott Peterson, but to profit off it in such a fashion was a real poor choice to say the least.

People wanted to know her story, so be it, but to use such a tragic event as a 'windfall' to indulge one's own desires for material enrichment..just wrong...

Guess this could be a good analogy when discussing Karma...

Originally Posted by Lostgirl

Yes I'm aware of the current financial situation and the mortgage crisis etc but I still think it's a bit foolish to bite off more than you can chew.

She opened a business "Escape" spa AND bought a house

I think that would be great if she could afford it but imo when you have to take out a mortgage of $431,000 in order to get the place and justify a large mortage by pinning your hopes on the housing market continuing to increase in value it's kinda risky.... maybe she should have waited until she knew how her business was doing first because IF the bottoms falls out of the housing market (which has happened before and will happen again) you're gonna find yourself losing the house and probably your investment as well.

A good friend of mine opened a similar type of business (massages, facials, nails, make-up, aromatherapy...etc etc) and in order to make it successful she almost worked night and day for the first 2 years.
Now it's doing great but it was a lot of hard work, long hours, headaches....plus employees who don't work out and hiring new people until she finally has a reliable staff and steady clientele.

On another site a lady who lives in Clovis posted that $500,000 would have been a VERY expensive house for that area and that most houses in Clovis (2-3 years ago when Amber purchased) were $200-$350 thousand... I don't know if that's the case or not because i don't live in the Clovis area of Fresno and I'm not familiar with the real estate value in that area but if her comments are accurate then it sounds like Amber bought an expensive house for the area.

Plus what about her husband?
He's a dept of corrections officer and supposedly makes good money... is she split from him and once again a single mom?

I dunno... I get the feeling that maybe Amber doesnt make the wisest choices in men or finances.

JMO of course

There's a lot of people losing their homes right now. No need to bash a mother who's trying to give her children a good life. I wish her the best, and her children, too. imo

Originally Posted by Tracian

Don't pretend to know my views. First off, Catherine Crier is in the media, that is her business, much like Ann Rule she is an investigative reporter, and this is how they make their living.

As far as Anne Bird...she is not high on my list of wonderful. She was (using the term loosely) 'lucky' enough to have an infamous family member that she could turn a buck on...of course Bird did not have a high profile attorney like Alred to make her more marketable.

Case in point, Amber, IMO, thought she was the flavor of the week, she made money, and thought the gravy train would not end, she was wrong...she put all her eggs in the Scott basket, and is loosing her house...Laci put all her eggs in that same basket and lost her life, and the life of her unborn child...so forgive me, if I can't muster up too much sympathy for a woman, whose ONLY claim to the money she purchased her home with was on the backs of two murdered people.

Anybody is free to write a book. Rationalizing that Catherine Crier gets a pass because that's her business is really a poor response, imo. Anybody can write a book, there's no lock on the market. Get real. Free enterprise.

Anne Bird was there, she lived it. Ann Rule writes about many murder cases. She makes money too.

Amber put SP on death row. Don't you get it?

Some people should worry about their own karma. It's looking pretty bad from my seat. imo

Originally Posted by LisaM22

maybe not in your neighborhood, but I bet there are houses under 1\2 a million in California, or do only the rich own homes? everyone else rents? I am guessing she was surviving on much less when she met SP - I think she still owns the club, so she should be fine, just needs to downgrade her lifestyle imo

Exactly Lisa,

From what the lady on the other site said (she lives in Clovis about 4 streets over from Ambers house on Loyola Avenue)
$500,000 PLUS in 2005 was expensive since the average house in that area was selling for $200,000 to $350,000 tops.

I checked out her information by going to Citydata.com and looked at Clovis statistics, she was right on the money.

In 2005 the average single family new house cost was $251,200

Plus at it's peak (2006) the Estimated median house value:

Clovis - $371,100

California - $535,700

So Amber spending over $500,000 in Clovis was expensive for a single family dwelling on a residential sized lot in 2005 when the average was $251,200

LINK

[Tracian]

Originally Posted by Joan Weiss

Anybody is free to write a book. Rationalizing that Catherine Crier gets a pass because that's her business is really a poor response, imo. Anybody can write a book, there's no lock on the market. Get real. Free enterprise.

Anne Bird was there, she lived it. Ann Rule writes about many murder cases. She makes money too.

Amber put SP on death row. Don't you get it?

Some people should worry about their own karma. It's looking pretty bad from my seat. imo

Amber was not the only evidence in this case. Even if she was, she could have wrote her book, and had a modest lifestyle...being Scott Peterson's unwitting mistress does not a star make.

Sorry, we disagree, but that is what happens sometimes...Amber Frey, I am sure didn't even really write this book, IIRC she had lots of help from real writers, so comparing her to professional writers is really just ridiculous.

You can hail Amber as a hero all you desire, I support your right to do so, but think about how Sharon Rocha feels about Amber and her book, I take my cue from the real victims in this case.

Have a nice evening.

Originally Posted by Joan Weiss

There's a lot of people losing their homes right now. No need to bash a mother who's trying to give her children a good life. I wish her the best, and her children, too. imo

How is it a good life for your kids to buy a house you can't afford?

She bought way beyond her means, she has been in default of mortgage payments since May and is presently $16,000 in arrears.

It's going to be auctioned within days and her butt will be back in the rental market dragging her kids with her...

I lost count... is it 2? 3? different baby daddys at this point?

She's a clown

[Tracian]

Originally Posted by Lostgirl

How is it a good life for your kids to buy a house you can't afford?

She bought way beyond her means, she has been in default of mortgage payments since May and is presently $16,000 in arrears.

It's going to be auctioned within days and her butt will be back in the rental market dragging her kids with her...

I lost count... is it 2? 3? different baby daddys at this point?

She's a clown

ITA...she thought she hit the big times, and the gravy train would keep chugging along....but that is the way with blood money, it tends to dry up with the next big case...

Originally Posted by Lostgirl

How is it a good life for your kids to buy a house you can't afford?

She bought way beyond her means, she has been in default of mortgage payments since May and is presently $16,000 in arrears.

It's going to be auctioned within days and her butt will be back in the rental market dragging her kids with her...

I lost count... is it 2? 3? different baby daddys at this point?

She's a clown

Who cares how many daddies there are? Is it affecting your life? She didn't abort and she didn't kill them. She loves her children. I don't see anything wrong with that. imo

Originally Posted by Joan Weiss

Who cares how many daddies there are? Is it affecting your life? She didn't abort and she didn't kill them. She loves her children. I don't see anything wrong with that. imo

This is the same woman who let a total stranger pick her kid up from school after rolling around between the sheets with him, she didn't actually know a dang thing about him, just a pack of lies that she swallowed, hook, line and sinker!

she's a real great mother and now we know that she's also a financial wizard!

AMBER FREY FOR PRESIDENT!

Originally Posted by litchfield29

I think the Internet is a wonderful tool, but frankly, it causes a lot of problems for individuals. There is no possible reason for us to know that. While it is public information, if accurate, that doesn't mean we have to fly it all over the world.

GEEZ! I couldn't care less, and I'm not going to try and figure out her finances, or why she financed XXX amount. I have a huge loan on my house, so what?? Many do.

In the scheme of things today, I don't think it's an issue worth discussing. JMHO

And while Scotts trial was Public Information...Amber didn't need to write her book & fly it all over the world pushing it on every talk show that would book her...but she chose to do so and expose Sharon Rocha to more heartache... all for $$$$$

Karma is a *****....it was blood money and the are coming home to roost

She didnt care that Sharon Rocha would prefer for her to just go quietly away and leave Lacis memory alone.

Nope, Amber wanted her blood money so she could buy a fancy house, well she got her fancy house, now she's losing it and people are talking about it...

I call that "getting her just desserts"

Live by the sword, Die by the sword.

JMO

[aubrey04]

IMO, this is awful. 500k is not a lot for a house in that area. It's not like she bought a multi-million dollar home. The economy and housing market are in the gutter right now. A lot of people are in the same shoes as Amber is in now.

I think it is extremely sad.. She has two children whom this will effect.

[LisaM22]

Originally Posted by aubrey04

IMO, this is awful. 500k is not a lot for a house in that area. It's not like she bought a multi-million dollar home. The economy and housing market are in the gutter right now. A lot of people are in the same shoes as Amber is in now.

I think it is extremely sad.. She has two children whom this will effect.

nope - only a 1\2 a million dollar house - it wasn't multi millions - but it WAS more then she could afford it seems

[LisaM22]

Originally Posted by Tracian

To my knowledge, she has two children, one born either during or right after the trial...at least in that time frame.

I think her book was blood money...she was the unwitting mistress of Scott Peterson, but to profit off it in such a fashion was a real poor choice to say the least.

People wanted to know her story, so be it, but to use such a tragic event as a 'windfall' to indulge one's own desires for material enrichment..just wrong...

Guess this could be a good analogy when discussing Karma...

was thinking the same thing

Originally Posted by LisaM22

was thinking the same thing

Imo, she earned it, and as demonstrated by this thread, is still earning it.

[hiitsme]

Did Gloria Allred provide Amber Frey with probono counsel? Perhaps some of the book proceeds went to legal fees. I believe Amber conducted herself impeccably during this whole ordeal. While I did not read the book, I've heard that it was very factual, not selacious, and did not in anyway cause further pain to Laci's family. If SP had not been arrested, Amber Frey may have been his next victim.

[TobyTiger]

Originally Posted by Pooh1

I live here in fresno and we had to put up with the Amber-Scott fiasco from the get-go......believe me........we here don't give a crap about either......he got life...she got MORE than her 15 minutes of fame....we just wish she would go away.....

Interesting that the online news articles regarding Amber's house aren't coming from our media area either.

There are many other less known individuals who are suffering from the housing crisis, and economic woes affecting small businesses, who didn't overspend beyond their means. The problem in this case appears to be buying a home beyond her financial means and investing too much in a business (perhaps anticipating more revenue from book sales which didn't materialize) that has suffered from the overall economic downturn. For example, with rising gas and food prices, it would be my speculation that going to a day spa wouldn't be a necessity. There are also several other businesses of this type in the area for those who can afford their services.

My opinion only.

[LisaM22]

Originally Posted by Joan Weiss

Who cares how many daddies there are? Is it affecting your life? She didn't abort and she didn't kill them. She loves her children. I don't see anything wrong with that. imo

the daddy that she did not tell was the real daddy cared I bet as well as the one that wasn't the real daddy - what a mess - jmho

[LisaM22]

Originally Posted by Joan Weiss

Imo, she earned it, and as demonstrated by this thread, is still earning it.

yep, that karma can really bite ya in the behind if your not carefull

[catpaws]

Originally Posted by cyottee

Amber was Scotts victim,Lacy and Conners hero,and is a surtvivor.
I wish her nothing but the best of life!

BTW-jealousy is an ugly,useless and destructive emotion.

Yes, my hero as well. I give her credit for being young as a lot of young people don't make the right choices. It took guts to get up there and admit to a relationship with Scott. In her world, he was perfect and gave her hope that her future would be bright. Almost everyone who met him was impressed with Scott. Remember, he even had Sharon snowed. In my opinion she did the right thing for the case even though I'm sure it was hard - most people don't like to admit to mistakes. She almost paid for it with her life as I feel sure Scott would have killed her had she met him like he requested that last time.

I hope she'll survive her financial crisis. Many people with more brains than Amber are in messes right now regarding housing.

MOO

[LisaM22]

Originally Posted by TobyTiger

Interesting that the online news articles regarding Amber's house aren't coming from our media area either.

There are many other less known individuals who are suffering from the housing crisis, and economic woes affecting small businesses, who didn't overspend beyond their means. The problem in this case appears to be buying a home beyond her financial means and investing too much in a business (perhaps anticipating more revenue from book sales which didn't materialize) that has suffered from the overall economic downturn. For example, with rising gas and food prices, it would be my speculation that going to a day spa wouldn't be a necessity. There are also several other businesses of this type in the area for those who can afford their services.

My opinion only.

if I remember correctly it was a adult orientated day spa too, she should of made it family oriented, maybe she will give that a try someday, think it would work out better for her - jmho

[Pinetree]

What happened to the 2nd babys daddy? Did she marry him? Are they still together?

Originally Posted by Pinetree

What happened to the 2nd babys daddy? Did she marry him? Are they still together?

The 2nd baby daddy was her boss the chiropractor, he didn't marry her.

IIRC he didn't want kids and the relationship didn't last.

In 2006 she married a dept of corrections officer named Hernandez

No kids so far from the husband and on a couple other forums I've read that he's no longer living with her

Who knows, maybe that's why she can't afford the payments on her house anymore?

One things for sure, if she divorces her husband...she won't be alone for long.... she seems to from one lousy relationship to another in record time.

[Tracian]

Originally Posted by hiitsme

Did Gloria Allred provide Amber Frey with probono counsel? Perhaps some of the book proceeds went to legal fees. I believe Amber conducted herself impeccably during this whole ordeal. While I did not read the book, I've heard that it was very factual, not selacious, and did not in anyway cause further pain to Laci's family. If SP had not been arrested, Amber Frey may have been his next victim.

Gloria Allred worked pro-bono, so it was not to pay off legal fees.

And, yes it did cause a certain amount of pain to Sharon Rocha, after all it was her daughter murdered.

[Tracian]

Originally Posted by catpaws

Yes, my hero as well. I give her credit for being young as a lot of young people don't make the right choices. It took guts to get up there and admit to a relationship with Scott. In her world, he was perfect and gave her hope that her future would be bright. Almost everyone who met him was impressed with Scott. Remember, he even had Sharon snowed. In my opinion she did the right thing for the case even though I'm sure it was hard - most people don't like to admit to mistakes. She almost paid for it with her life as I feel sure Scott would have killed her had she met him like he requested that last time.

I hope she'll survive her financial crisis. Many people with more brains than Amber are in messes right now regarding housing.

MOO

Guts to admit her relationship with Scott? Are you kidding? Her friends all knew about their relationship, she sent out pictures of the two of them with Christmas cards that year.

Amber was smart to go to the police before one of her friends not only leaked this to the tabloids, but also contacted police to tell them of her.

Yes, she did the right thing, what should be expected of any citizen with information in regards to a criminal case, beyond that, IMO, the $$$$ clouded her judgement, she apparently thought the money would continue to pour in, that is why she over extended so far, not a wise move.

[TobyTiger]

Originally Posted by LisaM22

if I remember correctly it was a adult orientated day spa too, she should of made it family oriented, maybe she will give that a try someday, think it would work out better for her - jmho

Despite being in the same city, I do not know how successful it was/is.

[Tracian]

Originally Posted by ATLANTIS

who have had loved ones murdered...
I consider criticism of Sharon Rocha to be improper....let her critics walk a mile in her shoes before they start throwing stones...

As for Amber Frey she shouldn't have been /done the things she did...but I don't think she should be criticized now or people taking comfort in her losing her house...

I am not taking comfort in the loss of her house, but I do believe that she believed that her story would keep her in the lap of luxury, and that was a cruical error.

[GentleBreeze]

Originally Posted by ATLANTIS

who have had loved ones murdered...
I consider criticism of Sharon Rocha to be improper....let her critics walk a mile in her shoes before they start throwing stones...

As for Amber Frey she shouldn't have been /done the things she did...but I don't think she should be criticized now or people taking comfort in her losing her house...

I think due to our failing economy, Amber, like many others may have picked the wrong business to open. It is one of luxury and not a needed product. Many people are cutting back on their budgets and are excluding places like this.

I just read an article about how many golf courses are hurting and are not even running full time due to having less and less customers.

She has had this home since 2005 but she is like so many that we have read about where the incomes are down and they are unable to keep up with their mortgage payments.

I hate to see this happen to anyone.

imoo

Originally Posted by GentleBreeze

I think due to our failing economy, Amber, like many others may have picked the wrong business to open. It is one of luxury and not a needed product. Many people are cutting back on their budgets and are excluding places like this.

I just read an article about how many golf courses are hurting and are not even running full time due to having less and less customers.

She has had this home since 2005 but she is like so many that we have read about where the incomes are down and they are unable to keep up with their mortgage payments.

I hate to see this happen to anyone.

imoo

jmo but i see Ambers situation a little differently.

I just read an article about the mortgage crisis and the vast majority of people losing their homes were people who had little or no down payment and didn't qualify for regular mortgages so they took whatever they were offered in the way of financing.

Those people took the only choice they had to get into a home of their own for themselves and their children.

Amber wasn't in that situation, she had a small windfall of $$$$$
She leased space for her own business and filled it with all the amenities to provide an upscale spa experience and still had plenty of money to put down on the house (her house was $539,000 and she took out a loan of $431,000, that means she had over $100,000 as a down payment)

If she had bought a house that was average for her neighborhood she wouldn't have spent anymore than $350,000 tops (according to the statistics for Clovis and her neighborhood) and probably wouldn't be losing it now on account of her inability to make HUGE mortgage payments!

The girl has a history of poor judgment and she continues to have poor judgment.

Now once again she will be out on the street looking for a rental property when she could be settled in a nice comfortable home, sure it wouldn't have been as fancy but that shouldn't have been her number one priority