San Francisco Foreclosure Auction Investors: DMG Asset Management

DMG Asset Management is an investment company specializing in acquiring and flipping at a profit foreclosed homes from bank auctions held at San Francisco City Hall and elsewhere in the San Francisco Bay Area, then evicting families, sometimes elderly and disabled, from their homes.

Management of the company includes the following (click on name for reference and click on pic for larger version):

Wan Wong purchases homes at San Francisco foreclosure auctions. sf-auction-investor.wan-wong
Gilbert Chung purchases homes at San Francisco foreclosure auctions, tel. +1 916-947-8625
Angela Jane Woo Lee, apparently resides with husband Marcus Lee at 370 San Benito Way, San Francisco, CA 94127, tel. +1 415-420-8881
Daniel Woo, tel. +1 415-298-7298 or +1 415-706-6170, photo likely correct but not definite

After DMG Asset Management acquires the properties at foreclosure auctions, they often have to evict the homeowners in the homes they purchased. For example, DMG Asset Management reached an agreement to evict Mary Ann Serrano and her disabled daughter and is trying now to evict elderly and disabled homeowner Larry Faulks and his disabled brother. Attorney Jak Marquez of Marquez & Dowling, 703 Market St., Suite 1610, San Francisco, CA 94103, tel. 415-495-8500 x12, assists DMG with their evictions.

Daniel Woo has another business called Sure, Inc., at the same 16th Ave address as DMG, tel. +1 415-387-0917, which he apparently uses to fix up foreclosed homes to prepare them for sale.

Next, DMG Asset Management “flips” the homes and offers them for sale, often through the Climb Real Estate company with an office at 251 Rhode Island St. #105, San Francisco, CA, 94103, tel. +1 415-431-8888.

Marcus Lee is Sales Director and the “top producer” at Climb Real Estate, as well as Angela Lee’s husband, who also listed as residing at either 370 San Benito way or 566 16th Ave, San Francisco, CA 94118, tel. +1 415-999-2022, email marcus@climbsf.com

For example:

  • The home at 43 Arlington Drive, South San Francisco, CA 94080, which Foreclosure Radar reports that DMG Assets bought for $325,000 at a foreclosure auction on April 13, 2012, is listed on the Climb Real Estate website for $480,000.
  • The home at 767 Claridge Drive, Pacifica, CA 94044, which Foreclosure Radar reports that DMG Assets bought for $325,000 at a foreclosure auction on May 22, 2012, is listed on the Climb Real Estate website for $435,000.
  • The home at 75 Crestview Ave, Daly City, CA 94015, which Foreclosure Radar reports that DMG Assets bought for $470,000 at a foreclosure auction on May 3, 2012, is listed on the Climb Real Estate website for $629,000.
  • The home at 224 Fox Sparrow Lane, Brisbane, CA 94005, which Foreclosure Radar reports that DMG Assets bought for $510,000 at a foreclosure auction on March 26, 2012, is listed on the Climb Real Estate website for $639,000.

According to Foreclosure Radar on October 6, 2012, DMG Asset Management purchased the following 26 condominiums and single family homes at foreclosure auctions in San Mateo, San Francisco, Marina, and Sonoma counties:

Address City State Zip
1 SAN BRUNO AVE G BRISBANE CA 94005
113 ROCK WREN LN BRISBANE CA 94005
224 FOX SPARROW LN BRISBANE CA 94005
206 MELISSA CIR DALY CITY CA 94014
75 CRESTVIEW AVE DALY CITY CA 94015
9 CRESTON AVE DALY CITY CA 94015
1110 BIEBER AVE MENLO PARK CA 94025
265 EL DORADO DR PACIFICA CA 94044
531 HEATHCLIFF DR PACIFICA CA 94044
767 CLARIDGE DR PACIFICA CA 94044
3590 EXETER DR SAN BRUNO CA 94066
1026 HOLLY ST SAN CARLOS CA 94070
1083 SUNNYSIDE DR SOUTH SAN FRANCISCO CA 94080
3663 ERRIS CT SOUTH SAN FRANCISCO CA 94080
43 ARLINGTON DR SOUTH SAN FRANCISCO CA 94080
750 VAN NESS AVE 205 SAN FRANCISCO CA 94102
1272 RHODE ISLAND ST 18 SAN FRANCISCO CA 94107
745 MOULTRIE ST SAN FRANCISCO CA 94110
369 BALTIMORE WAY SAN FRANCISCO CA 94112
39 CORDOVA ST SAN FRANCISCO CA 94112
1710 QUINT ST SAN FRANCISCO CA 94124
25 CAMEO WAY SAN FRANCISCO CA 94131
30 DUNSMUIR ST SAN FRANCISCO CA 94134
490 GIRARD ST SAN FRANCISCO CA 94134
177 CANAL ST SAN RAFAEL CA 94901
35 FAIRFAX ST SAN RAFAEL CA 94901
2616 COFFEY LN SANTA ROSA CA 95403

It’s possible that the corporate “DMG” comes from the initials of the first names of Daniel Woo, Marcus Lee, and Gordon Chung.

ALERT: Demand DMG Assets Stop Eviction of Faulks Family

Update as of October 8, 2012: DMG Assets has agreed to postpone the eviction of the Faulks family for two weeks to try to reach a mutually acceptable settlement, so we have postponed the protest at the DMG office tomorrow, as well as the calls and emails from the action alert.


Update as of October 2, 2012: Mary Ann Serrano and her disabled daughter and DMG Assets “have reached a mutually agreeable solution”. However, the Faulks family wants to stop the eviction and remain in their home, so please come to protest actions and respond to the action alert below.


Investment firm DMG Asset Management is threatening a San Francisco family with eviction even though disabled family members can’t find housing elsewhere.

Larry Faulks and his brother — both disabled — as well as their renter want to stay in the home their parents purchased in 1962. DMG plans to evict them on Wednesday, October 10.

Please take action to help the Faulks family:

1) EMERGENCY RALLY
When: 4:00pm=6:00pm on Tuesday, October 9
Where: Home of DMG Principal Daniel Woo, 566-568 16th Avenue, between Anza and Balboa Streets, San Francisco

2) Call DMG management, their real estate agent, and their attorney with the following message:

* Daniel Woo, 415-298-7298 or 415-706-6170

* Angela Woo Lee, 415-420-8881

* Gilbert Chung, 916-947-8625

* Marcus Lee, +1 415-999-2022 (real estate agent)

* Jak Marquez, 415-495-8500 x12 (attorney)

Sample message:

Please stop the eviction of Larry Faulks and his brother — both disabled — as well as their renter. The Faulks family has lived in the family home at 25 Cameo Way in San Francisco for 50 years. Wells Fargo promised in writing not to foreclose on the Faulks during the modification process, but instead sold the property to you. Please sell the property back to Wells Fargo at the price you paid, so that Wells Fargo can offer the Faulks family a loan modification to remain in their home.

Please don’t put disabled people or seniors out onto the streets.

3) Please mark your calendar for a possible eviction defense at 7:00am on Wednesday, October 10.

For updates and this action alert: http://occupytheauctions.org/wordpress/?p=4769

Links: Profile

Foreclosure/Eviction Fighter Profiles

Here are some profiles of active Foreclosure and Eviction Fighters in San Francisco.

Links: Foreclosure and Eviction Fighters in San Francisco    Bay Area Fighters Outside San Francisco    Sign up as a Foreclosure/Eviction Fighter or a Home Defender

Foreclosure and Eviction Fighters in San Francisco

#  a  b  c  d  e  f  g  h  i  j  k  l  m  n  o  p  q  r  s  t  u  v  w  x  y  z 
Pic Name Lender Loan # Profile Home Defenders  
Bernetta Adolph Wells Fargo Profile ACCE
Julie Anderson (and Hanson Lee)  Wells Fargo Profile ACCE
Constance Bridgewater Chase / Diversified Mortgage Consultants Profile ACCE
acce.foreclosure.romeo-baful Romeo Bufal Chase / Washington Mutual  1835186059 Profile, Alert ACCE
Nora Carrasco Wells Fargo Profile ACCE
Dexter Cato American Home Mortgage / Wells Fargo Profile ACCE
Thida Chan Bank of America Profile ACCE
Denise Collins Nationstar (Fortress/Aurora) Alert ACCE
Dorothy Crawford Wells Fargo (World Savings Pick-a-Payment)  Profile ACCE
Maria and Washington Davila Wells Fargo 0044522993 (owner’s name is Felisa Yambao) Profile Occupy Bernal
Betty Davis Fannie Mae, previously Bank of America / Countrywide Profile, Alert ACCE
Alberto del Rio Wells Fargo 47339080 (owner’s name is Gloria Lomeli) Alert    Profile Occupy Bernal
acce.foreclosure.gladys-dewitt Gladys Dewitt Wells Fargo (World Savings Pick-a-Payment) 0041103565 Profile ACCE
Pei Jun Ding and Michael Dow Wells Fargo Profile ACCE
   Mike Doyle Nationstar (Fortress/Aurora) Profile ACCE
Peter Fairfield Wells Fargo Profile ACCE
Larry Faulks Wells Fargo Profile Alert ACCE
  Sherrell Fennell-Murphy Nationstar (Fortress/Aurora) Profile ACCE
Kathryn Galves Wells Fargo 0044722973 Evicted March 28, 2012
Mary Gebrian JP Morgan Chase Profile ACCE
Tommie German Wells Fargo 44751501 Profile Occupy Bernal
photo71.rotated-cropped Jemal and Jamila Mohamed Getu Vericrest 9800937154 Profile, Alert ACCE
Victor Granados  Wells Fargo 5000039031 Profile Occupy Bernal
Ian Haddow JP Morgan Chase / Washington Mutual Alert ACCE
Roxie Harris Bank of America / Countrywide Profile ACCE
Amparo Hildago Bank of America Profile ACCE
  Emilia Hughetti Wells Fargo Profile ACCE
Henry Johnson Wells Fargo Profile ACCE
  Jesus Juarez Chase / Washington Mutual Profile ACCE
Monica Kenney Wells Fargo / Fannie Mae Profile ACCE
  Archbishop Franzo King Wells Fargo Profile ACCE
Hanson Lee (and Julie Anderson) Citibank Profile ACCE
David Lewis Wells Fargo Profile ACCE
Eric Wells Fargo Occupy Bernal
DeDe Martinez Wells Fargo 0046809208 Profile Occupy Bernal
Sheila McInnis Wells Fargo Alert ACCE
Joseph Melton Bank of America / NY Mellon Profile ACCE
Kim Mitchell Nationstar (Fortress/Aurora) Alert ACCE
Robert Moses Homeward (American Home Mortgage) Alert ACCE
    Merrie Jo and Edzel Musni Bank of America Profile ACCE
Daniel Pociernicki Nationstar (Fortress/Aurora) Profile ACCE
   Bruce Ponte Nationstar (Fortress/Aurora) Profile Occupy Noe
Ana and Nelson Ramos Chase / Washington Mutual Profile ACCE
Delmy and Jenny Ramos Citibank Profile ACCE
Benjamin and Irma Reed Wells Fargo Profile ACCE
Ross Rhodes Wells Fargo Profile Occupy Bernal
Alfred Richardson Bank of America Profile ACCE
  Vivian Richardson Nationstar (Fortress/Aurora) Profile ACCE
Myrna Sebastian Wells Fargo Profile ACCE
Mary Ann Serrano Wells Fargo Alert ACCE
Alice Smith Citigroup / PennyMac Alert Profile ACCE
  Dawn Swidorski OneWest (Indy Mac) Profile ACCE
Pascal Thiam Sterling Bank (of Spokane, WA) Profile ACCE
   Josephine Tolbert Bank of America Profile ACCE
  Ernesto Viscarra Wells Fargo 46110532 Profile Occupy Bernal
Sheila Walsh Wells Fargo 0999083991 Profile ACCE
    Yin Wong PNC Profile ACCE

Bay Area Fighters Outside San Francisco

 

Pic Name Lender Loan # Profile Home Defenders
Don and Tina Baird Chase (Washington Mutual) ACCE