April 23, 2012

Trespassing Squatters Occupying Short Sale Property File TRO Against the Selling Agent. Yes You Read That Correctly.

Happy Monday!  We’ve got another exciting story for you, about some riveting residents who really respect realtards.  Read on!

Squatters issue restraining order against real estate agent

120421-antioch-squattersKTVU Channel 2,
Posted: 9:49 p.m. Friday, April 20, 2012

ANTIOCH, Calif. —  A Bay Area real estate agent said she’s being taken to court by squatters in Antioch who have taken over a house she’s trying to sell.

As many as three people have been living in the Concord home since December. Even though the owner never gave them permission to move in, they’re apparently not moving out without a fight.

Real estate agent Melissa Case said she can’t get too close to the four-bedroom, two-and-a-half bathroom home she’s listed for sale in Antioch because the unauthorized residents took her to court.

“I have a temporary restraining order against me right now,” Case said. “I cannot come within 50 yards of the home, which was filed by the squatters.”

Case is definitely a Real Estate Professional.  You can tell from the way she talks, because it reads just like listing copy we see every day here.  The home was filed by the squatters,  Got it.  So you’re going to love this next quote from Ms. Case:

“Actually the police came out and verified that their… rental agreement? [air quotes]… was false and full of misspellings.”

Because nothing says Real Estate Professional like an example of their work product written up full of misspellings.

Here’s the house, and it was not easy to find.  Case described it as a “four bedroom two and a half bath” but Redfin listed it as a 4/3.  Also just to really mess with our minds, the article also said it was in Concord (see the second paragraph above).  Do you have any idea how many freaking short sales there are in Antioch? Or Concord?  Let’s just say I have a feeling we’re not in Los Altos anymore.

5116 THISTLEWOOD Ct
Antioch, CA 94531
$149,000

120421-thistlewood-redfin

BEDS: 4
BATHS: 3
SQ. FT.: 1,873
$/SQ. FT.: $80
LOT SIZE: 5,900 Sq. Ft.
TYPE: Detached
STYLE: Traditional
STORIES: 2
YEAR BUILT: 1991
COMMUNITY: Antioch
COUNTY: Contra Costa
MLS#: 40568008
SOURCE: EBRD
STATUS: Pending
ON REDFIN: 23 days

End of Court Location and Across the street from the neighborhood park!! This home needs TLC.

End of Court!  Get it?  Get it?  Because the agent got taken to court!  Ahahahahahaha!

And speaking of short sales, the “homeowner in Berkeley” picked up this winner of a house for $460,000.  In 2004.  The current asking price is 23% less than what the house sold for, new, in 1992.  Perhaps “needs TLC” means “Teardown, Level and Condemn.”

Comments (18) -- Posted by: madhaus @ 5:08 am






April 10, 2011

SJ Merc Discovers Joy of Burbed Housing [Updated]

Here’s some copy that ought to have originated on Burbed.  But this is from from the San Jose Mercury News, or as the journos now call it, I Can’t Believe It’s Not Newsletter!  Thanks very much to Burbed reader Petsmart Groomer for calling this out in the Open Thread yesterday.

Bay Area homes you can buy for the national median price of $157,000

imageBy Patrick May, San Jose Mercury News   Posted:  04/09/2011 4:52 PM

The median price of a previously owned single-family home in America today is $157,000. What can you get for that in the Bay Area?

Headaches, mostly.

Here, where the median is nearly three times higher than the national, $157,000 will get you a 460-square-foot house in East Palo Alto that would fit inside a Saratoga walk-in closet. Or a two-bedroom in Antioch with mold, a squatter’s mattress in the kitchen, the oily remnants of an amateur grease-monkey operation out back, and what looks like a bullet hole dead-center in the front window.

image“Bring your tools & imagination to shine this piece of property,” the Realtor wrote on the online real estate site Redfin.

Want to spend that $157,000 on a San Jose bungalow on North 13th Street?

No problem.

OK. So there’s one small problem.

“Burned house,” says the real estate agent’s MLS note. “Don’t go in!”

Photos: Top right, 460 sf East Palo Alto house, Josie Lepe, SJMN.  Above left, SJ burnt house on 13th Street has received several offers.  Karen T Borchers, SJMN.

Wow, CAR (California Association of Realtors) must be pulling a Fry’s on the Merc for running this story.  Bet they’re going to pull all their advertising for weeks!  Nope, the Merc pulled this story within hours of posting it. In fact, the link above is to the mobile site, because it’s gone from the regular one (and if the mobile link doesn’t work, try this link to a cached copy from the Pasadena Star News.

But no problem, we’re going to find all the sites in this story and maybe even write them up in the coming days.  Meanwhile, what do you think is going to happen to Patrick May?

Update: This article mysteriously appeared yesterday afternoon for a few hours and then was thrown down the memory hole.  It’s back so I’ve changed the link, and also added the Merc’s pictures.  Too bad they didn’t take some inside the SF house.

image

This cozy charmer is at 2169 Addison Ave, East Palo Alto, weighing in at 460 square feet. Owner selling it only to establish a market value with bank so they’ll modify his loan.  Sold in 2003 for $278,000!

image

$157,000 will get you two homes in Antioch! 1117 Klengel Street, listed for $78,000, and conveniently bank-owned.  Bonus: Sold for $95,000 in… (drumroll) 1993!

image

Then take a look at 36 Texas Street:

Yes, it comes with roosters next door and a guy down the street dismantling his motorcycle on the front lawn. And yes, you’ll have to clear out that squatter’s mattress from the kitchen. And maybe, with all that motor oil soaked into the back yard, you’ll need the Environmental Protection Agency to sign off on the deal. But for $69,000, what do you expect?

image

A pre-heated house at 642 North 13th St. San Jose, plus agent had to threaten to Taser a squatter.  Price: $166,900.  The catch: Foreclosed in December for $350,000, and sold for $217K.  In 1998.  DAYUM, IT’S PENDING!

image

Vertigo house in Bayview-Hunters Point.  1482 Underwood Ave, SF.  “The easiest way to repair it is to tear it down.”   Price: $145,900  “The house is all crooked,” said realtor Alyce Cardinale.  Sold for $250K in 2000, foreclosed in 1997 and again in 2008!

image

imageHayward Contractor’s Delight, whoops the agent calls it “Carpenters Delights!”; train goes by every ten minutes.  22026 Western Blvd, Hayward.  Price: $155,000, originally listed for $189,000.
“It’s a fairly quiet neighborhood. Except for the train every ten minutes.”

Which one of these imagebargains will you be writing a check for?

Left, front of the house on Western Boulevard.  Right, agent David Ormonde shows door to garage from the kitchen in the Western Boulevard property. Photos, Karen T Borchers, SJMN.

Comments (7) -- Posted by: madhaus @ 5:03 am