Post by happyhaddock on Sept 19, 2008 11:38:15 GMT -5
Frey close to losing Clovis house
Scott Peterson's former girlfriend is more than $16,000 behind.
By Chris Collins / The Fresno Bee 09/18/08
Amber Frey, who was thrust into the national spotlight as the former girlfriend of convicted murderer Scott Peterson, has fallen behind on mortgage payments and may lose her Clovis home to foreclosure, according to Fresno County records.
Frey took out a $431,000 loan three years ago to buy a $539,000 house at 887 Loyola Ave. in north Clovis. But by May, she was more than $16,000 behind on her mortgage payments, according to records in the Fresno County Recorder's Office.
Also in late 2005, Frey -- a trained massage therapist -- leased space in a northwest Clovis shopping center for a day spa and massage salon. The Escape Day Spa opened last year in the Parkway Trails shopping center at Willow and Nees avenues.
A message left for Frey at the business was not returned. Frey's former Los Angeles attorney, Gloria Allred, did not return an e-mail message or phone call.
Frey, who dated Peterson in 2002, testified for the prosecution at his 2004 trial. Peterson was convicted of killing his pregnant wife, Laci, and their unborn child on Christmas Eve 2002 and now sits on death row in San Quentin.
Frey later wrote a book about her role in the trial. In the past, Frey's father, Ron Frey, has refused to say how much money his daughter made from the book.
County records show that a notice of default on Frey's home was issued Sept. 4. It said the house would be put up for sale at a public auction outside the Fresno County Superior Court building on Wednesday unless she was able to take action to save her home.
Most of the time, a foreclosed home does not sell at an auction because the existing debt comes with the house, said Terance Frazier, a Fresno real-estate investor and foreclosure expert.
Because home values have plummeted in the last two years, banks are looking for ways to keep homeowners from foreclosing -- including reducing monthly payments -- so they can continue to pay off their mortgage.
Frazier said Frey may be able to renegotiate her loan with her bank before the auction.
But if she doesn't, she could be evicted from her home in a matter of days after the bank takes ownership of the house, Frazier said.
The reporter can be reached at ccollins@fresnobee.com or (559) 441-6412.
Scott Peterson's former girlfriend is more than $16,000 behind.
By Chris Collins / The Fresno Bee 09/18/08
Amber Frey, who was thrust into the national spotlight as the former girlfriend of convicted murderer Scott Peterson, has fallen behind on mortgage payments and may lose her Clovis home to foreclosure, according to Fresno County records.
Frey took out a $431,000 loan three years ago to buy a $539,000 house at 887 Loyola Ave. in north Clovis. But by May, she was more than $16,000 behind on her mortgage payments, according to records in the Fresno County Recorder's Office.
Also in late 2005, Frey -- a trained massage therapist -- leased space in a northwest Clovis shopping center for a day spa and massage salon. The Escape Day Spa opened last year in the Parkway Trails shopping center at Willow and Nees avenues.
A message left for Frey at the business was not returned. Frey's former Los Angeles attorney, Gloria Allred, did not return an e-mail message or phone call.
Frey, who dated Peterson in 2002, testified for the prosecution at his 2004 trial. Peterson was convicted of killing his pregnant wife, Laci, and their unborn child on Christmas Eve 2002 and now sits on death row in San Quentin.
Frey later wrote a book about her role in the trial. In the past, Frey's father, Ron Frey, has refused to say how much money his daughter made from the book.
County records show that a notice of default on Frey's home was issued Sept. 4. It said the house would be put up for sale at a public auction outside the Fresno County Superior Court building on Wednesday unless she was able to take action to save her home.
Most of the time, a foreclosed home does not sell at an auction because the existing debt comes with the house, said Terance Frazier, a Fresno real-estate investor and foreclosure expert.
Because home values have plummeted in the last two years, banks are looking for ways to keep homeowners from foreclosing -- including reducing monthly payments -- so they can continue to pay off their mortgage.
Frazier said Frey may be able to renegotiate her loan with her bank before the auction.
But if she doesn't, she could be evicted from her home in a matter of days after the bank takes ownership of the house, Frazier said.
The reporter can be reached at ccollins@fresnobee.com or (559) 441-6412.