Shrine today,hard sell tomorrow

Modesto Bee ^ | 4/26/03 | Jack Doo

[RGSpincich]

It was the home where they planned to raise a family. Now the front lawn is a shrine, where people by the thousands have come to mourn the woman who lived there. It is Scott and Laci Peterson's house at 523 Covena Ave. in Modesto. It is not for sale, but the real estate questions already are flying: Is Scott Peterson allowed to sell it? What is it worth and what could it sell for?

[BunnySlippers]

Who pays the mortgage if it cannot be sold untill SP is found guilty?

Just guessing here but I'll bet that the bank or lending institution would file a lien against a future sale. So the lien would have to be paid before the property title could transfer to another party.

[runningbear]

I heard that over this weekend, Fox News, (I don't get it) has been saying sources(?)which I am presuming is the Tabloids?.... NE for one.... I haven't heard SP making a call other to try Laci, and or his dad?

[KneelBeforeZod]

first forensics professor??? I thought Dr. Chang would qualify. But the AJ dept is a mere shadow of what it was. More likely they need to get rid of the useless PhDs over there.

[MaggieMay]

Thanks RGSpincich for the ping. Howlin great find, thanks for the post!

What do you think of this information,Ray?
(Howlin, provided the link to this article in her post).New York Post, Online Editon.
"Meanwhile it has been reveiled that Amber Frey, the Fresno masseuse who had an affair with Scott Pettson, contacted Police on Dec. 30th six days after Laci's disappearance and nearly a month before going public.

Frey,28, has been traumatised by media coverage.... and has gone inot hiding.

She hs left her 2 year old child,who Peterson sometimes collected from daycare, with her parents,Ron Frey said."

[STOCKHRSE]

Thanks for the ping RG

[STOCKHRSE]

Areyou talking about the friend that was called? Yes I know about that. Can't call name at moment but their son is named Connor. They were close friends socially and had a child just before or after the murder.

[RGSpincich]

the bank or lending institution would file a lien against a future sale. So the lien would have to be paid before the property title could transfer

Actually that's already built into the Deed of Trust the lender currently has on the property. That's how they secure the debt at origination. So the lender is in pretty good shape, except for probably not getting monthly payments. The lender could own the property in about 4 mos. if it foreclosed.

[RGSpincich]

Loomis is actually where I went, just north of Sacramento. Beautiful weather, clear roads. Made good time.

[Velveeta]

Have you all seen this???

BODIES LOCATED WEEKS EARLIER

Investigators say they found Laci's and Connor's corpses in March; then
By William Brand, STAFF WRITER
POINT ISABEL -- Weeks before the remains of Modesto's Laci Peterson and her unborn son, Connor, washed up on the Richmond shoreline, investigators say they had found her watery grave through side-scan sonar that penetrated the inky darkness inside a Chevron shipping channel.
But before they could retrieve the bodies, they believe a heavily laden tanker passed over or near the burial spot, churning up the channel's bottom and dislodging the sunken corpses.

The wind, choppy waves and high incoming tides influenced by the full moon -- as well as gases from the deteriorating remains -- combined to eventually bring the bodies to shore.

Sources say the original grave site was miles away from where the only suspect in the case, Laci's husband, Scott Peterson, told police he had gone fishing Christmas Eve. That was the day Laci, eight months pregnant, was reported missing, triggering a search that caught national attention.....snip....

http://www.trivalleyherald.com/Stories/0,1413,86~10669~1353963,00.html

[RGSpincich]

Don't know if you got pinged to this. It clears up some of the questions.

[STOCKHRSE]

"I am thinkning he can't afford this house now and, unless Lee and Jackie keep making the payments, the bank will own this house shortly"

You play the game and deal with the rules I suppose. Anyone know the taxes(property) ont his value house in Modesto.

[RGSpincich]

WOW! Post#29

[STOCKHRSE]

Fox news now.....Laci

[RGSpincich]

Property tax should be close to $2,000. per year. Maybe a little under.

[Arthalion]

I disagree that crimes like this don't impact the neighborhood. My sister lives just down the street from the Peterson house and was looking at selling recently (she's sick of the media attention...her kids can't even play in their own yard!). She bought the house in 1997 for $165,000, and it was appraised in November 2002 for $235,000. She spoke with three realtors, and all three, specifically citing the Peterson case a few houses down, told her that she'd be lucky to see $190,000 out of it right now. Until the trial is over, the property values of the entire area have been depressed.

I mentioned to her that people have succesfully sued their neighbors for lost profits when their neighbors actions have depressed their property values, and she was interested to hear it. She's since talked it over with a few neighbors who also want to sell, and they're considering suing the Peterson estate! Whether or not anything happens with it, she'll be moving off Covena, and into a quieter neighborhood.

[nicmarlo]

before they could retrieve the bodies, they believe a heavily laden tanker passed over or near the burial spot, churning up the channel's bottom and dislodging the sunken corpses.

How about this being a possibility as to why Laci's body was dismembered?

[Reaganwuzthebest]

The police did an excellent job of keeping quiet about this information. Fortunately the bodies came to shore where they did instead of ending up somewhere else out of sight.

[Rheo]

Wasn't that the Wards?...can't remember the first name.

But didn't he say Scott called him on the 23rd, after fishing and then called back to see if they had seen Laci?..or do I have 2 different people mixed up?

[RGSpincich]

Property Tax Update - In the year 2000 property tax was $1,608.

LINK

[clouda]

From ABC news. Is this them?

The Reeds say they're not sure what to think of Scott Peterson's arrest last week. Greg Reed said he last spoke to Scott on Christmas Eve, hours before Laci was reported missing. Reed said Scott called him from his cell phone to firm up New Year's Eve plans they had.

"On the afternoon he called from his mobile phone to mine, and we had spoke probably once or twice a week, so it wasn't a phone call that I would see as unordinary. He sounded chipper and looking forward to getting together," Reed said.

Reed said Scott never mentioned that he had been fishing that day, but he said he didn't find it unusual since it was a short conversation.

Later that day, the Reeds heard from Scott again, but his demeanor had changed. "It went from a wonderful celebration of Christmas to a frantic voice mail message from Scott that evening looking for Laci, wondering if I had talked to her that morning," Kristen said.