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.

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