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.|
|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 email@example.com|
- 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:
|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.