Slade Smiley’s House Financials

Is Slade Smiley from the reality show, ‘The Real Wives of Orange County’, as rich as he tries to appear? I’m not sure, but a source reveals the financial info from his 2002 home purchase in Coto De Caza.

If Slade is so well off, why did he need to take out 2 lines of credit, one on the day of buying the house and the other 1 month later, totalling $234,550? Then, a year later took out a second mortgage for $225,300

Also, when he “bought” the house there is no information re: the sellers. All the other info has the buyer and seller when the property changed hands. Why is there none of that info for Slade? Slade’s info only has who the lender is (CountryWide)

Slade is only listed as the “borrower” and not the “buyer” of this house. Now how he can borrow a total of $1,739,850 (initial borrow, 2 lines of credit and a second mortgage) on a house he does not own is beyond me.

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