April 7, 2013

A Day of Rest Should be Observed with Real Estate

Today is Sunday, and that means… no A-Z Blog Challenge today. The schedule’s been set that we do a new letter every Monday through Saturday, and on Sunday you can go to church or look at Open Houses.  Or in the case of this story, courtesy of Burbed reader nomadic, you can combine both.

Judge Rules Against Bay Area Church Leaders In Real Estate Case

130406-vallejo-marqueeVALLEJO (KPIX 5) – A California state judge has ruled against two leaders of a prominent Bay Area church accused of bilking parishioners in an alleged investment scheme.

The judge ruled that General Assembly Church leaders Lacy Hawkins and Michael Parker operated a real estate investment company without a license, in violation of securities law.

KPIX 5 has been investigating Lacy Hawkins and Michael Parker’s involvement in the business deal, that church members said cost them millions of dollars. General Assembly Church has locations in Union City and Vallejo.

Hundreds of parishioners mortgaged their homes and drained retirement accounts on the promise of investment returns as high as 30 percent. Some said they were even promised salvation.

Yes, it’s not enough to have a religious leader in a fraud case, it has to have a realty component. And this one’s actually pretty interesting. Seems this was one of those We’re Here To Run Your Life For You kinds of churches, where you can’t even wipe your nose without permission.

130406-vallejo-churchAnd the Supreme Leader pretty much was ordering parishioners to buy into their real estate trusts or tout them to each other.  The investment vehicles weren’t exactly transparent about the real estate in them.  Unless you count the Woodlands of Ascension project they bought in Louisiana. Which was, mo konmprann, swamp.  Leadership blamed lack of progress on Katrina, but the Army Corps of Engineers said the land was always swamp.

The victims are claiming they were brainwashed into investing with the church’s leaders. We’re imagining just what kind of techniques were used. Maybe “Buy now or you’ll be priced out forever and that, my friends, is the definition of HELL.” 

Also the church leadership quickly realized that paying the real estate agent (who was part of the church) regular commissions for flipping properties was a loser… for them. The agent went from $20,000 a month to $1600 biweekly, as straight salary.  Meanwhile, the church reported to the IRS that they had paid him the commissions, so he owes more than a million in taxes.

The investment’s books were not open to the membership, either, so they didn’t realize that the vehicles were classic Ponzi schemes.

This is an Open Thread. Are you attending religious services this weekend, Open Houses, both, or neither?  And we’ll be back with the next letter in the Challenge tomorrow, G for God. Or Grab. Or both.

Comments (2) -- Posted by: madhaus @ 5:02 am






March 3, 2013

How do you REALLY feel about Real Estate Professionals?

It’s been a while since we had a realtards thread.  But today’s Not So Professional Agent isn’t being given the Burbed Loving Hug of Attention for his brilliant listing copy.  Thanks very much to Burbed reader J from Alameda for alerting us to this story.

130302-hitnrun-sceneSonoma Co. real estate agent held in fatal hit-run

Henry K. Lee, San Francisco Chronicle | Updated 7:52 am, Saturday, March 2, 2013

Photo from KTVU, no credit specified

(03-02) 07:49 PST SANTA ROSA — A Santa Rosa man turned himself in Friday in connection with a fatal hit-and-run crash that killed a pedestrian, police said.

Steven Harry Heath, 60, was arrested on suspicion of vehicular manslaughter and felony hit-and-run in the crash Wednesday that killed 64-year-old George Michael Black of Pacifica, Santa Rosa police said.

Black was walking on the 4600 block of Montgomery Drive shortly after 1 p.m. Wednesday when he was hit by a car that fled the scene, police said. Black died at the scene.

On Friday, a Santa Rosa law firm contacted police on behalf of Heath, who works as a real estate agent. Heath’s attorney told officers that the vehicle from the crash would be found at Heath’s home, authorities said.

130302-hitnrun-heathLet’s review.  Real estate “professional” in a Mercedes S550 hits a pedestrian in broad daylight, and flees the scene. Unlucky stroller who had traveled to Santa Rosa to attend a healing program is pronounced dead seven minutes later#1 Agent in Sonoma the last 3 years running then requests his lawyer contact police two entire days later to say they’ll find what they’re looking for at the hit-and-run driver’s house. Why two whole days? We’re going to make an educated guess that it was long enough for all possible alcohol in someone’s bloodstream to dissipate.

130302-hitnrun-pepperwoodPerhaps you think we’re being cynical.  Well, the readership of sfgate.com is far more so, as several commenters hypothesized that Heath had his attorney transfer his assets to the law firm. We think that’s nonsensical speculation, and that he asked the law firm to transfer his wealth to some deserving relative outside the United States.  Heath, we note, is British and probably has relatives in non-US locales.

Here is just one of those assets: his house on 5562 Pepperwood Road. None of the real estate portals have any specific information on the house other than the lot size (11,246 sf) because they aren’t in the public recorder’s office search results either (yes, we checked).

We are now opening the floor to discuss whatever you’d like about those wonderful real estate professionals in your life, or about anyone who would leave the scene and lawyer up when the right thing to do was fucking call 911 because you just ran your fucking 6,000 pound vehicle into some innocent party’s 175 pound body.  We usually don’t pick on realtards by name, but we’re going to make a giant-ass exception in this case because.

Oh yeah, and this is an Open Thread. It’s March! Time for some Spring Bounce! Let us know how many Mercedes S-class vehicles you see parked at Open Houses!

Comments (12) -- Posted by: madhaus @ 5:14 am

October 7, 2012

Palo Alto plagued by home burglaries

Thanks to Burbed reader Petsmart Groomer for bringing this to our attention.  Seems all isn’t as perfect as proclaimed in Palo Alto.

Residents fight burglaries with lights, cameras, action

Neighbors devising crime-fighting strategies

by Sue Dremann, Palo Alto Weekly Staff, Friday, October 5, 2012, 8:59 AM

121007-burglaries-incidentsMany Palo Alto neighborhoods are organizing in ways they have not since the rise of Neighborhood Watch programs in the 1980s, following a string of home burglaries that have plagued the city.

From surveillance cameras to neighborhood-warning signs, residents are strategizing to deter and perhaps even catch the thieves, who have made off with tens of thousands of dollars in jewelry, cash and electronics since late last year.

Email lists from Crescent Park to Barron Park are crackling with the latest news about suspicious vehicles cruising residential streets. Last week, concerned north Palo Alto residents discussed a white van seen on their streets and gave information about it, complete with license number, to the Palo Alto police.

Neighbors’ increasing vigilance might help nab thieves like the ones who on Sept. 24 pilfered UPS parcels from a Crescent Park front porch within 30 seconds of the delivery. The resident, who asked that her name and home information not be made public, has shared images from her surveillance video with her neighbors and with police, she said.

121007-burglaries-94301What’s this? Crime rate up in Palo Alto, the most perfectest amazingest, wonderfulest Specialiest place in the universe? Nooooooooooo!

But we here at Burbed are confident that this approach of crowd-sourcing suspicious incidents will lead to these lowlife scum getting caught… until, as is often the case with crime in a wealthy neighborhood, the victims discover that the perpetrators were the teenaged children of their own neighbors.  We already know what those spoiled brats have been up to, hurling milkshakes at innocent pedestrians.

And don’t get too smug looking at that incident map on the top right. While that was what spotcrime.com generated for “Palo Alto, CA,” entering specific zip codes yields more crime events away from the Middlefield and Embarcadero area.   This incident map for 94301 shows more burglary and theft further northwest, and in only half the time period covered.

And dang it, that time period reported just missed the hurled milkshake.  But good news. There has been at least one arrest for car burglary.

 

Comments (14) -- Posted by: madhaus @ 5:02 am

October 5, 2012

UPDATEDx2 with a MURDER: WOW! Sunrise and Sunset included! PRICED TO SELL !!!

9:50 AM: See end for update.  It’s worth it.
12:09 PM: Another update on the other murder.

It’s time to play Build a Ginormous House Somewhere Not As Expensive As The Real Bay Area and then try to find a buyer! Ready?  It’s Burbed reader J from Alameda‘s turn with this lovely Lafayette listing.

121004-hunsaker-redfin1901 HUNSAKER CANYON Rd
Lafayette, CA 94549
$1,998,000

4 Beds
3.5 Baths
6,200 Sq. Ft.
$322 / Sq. Ft.
Built: 2003
Lot Size: 13.50 Acres
On Redfin: 39 days
Type: Detached
Stories: 3+
Community: Burton Valley
MLS#: 40587017
Style: Other
View: Canyon, Carquinez, City Lights, Forest, Hills, Mountains, Mt. Diablo, Valley
County: Contra Costa

WOW! $1+M price reduction! What a buy!! 13+- acres. Gated 360% View! Italian Villa/ stone, hardwood fls, custom & antique lighting. Finest materials including stone, hardwood, beautiful moldings and mllwork. Sunrise and Sunset included ! Rm for pool tennis/guest house/vineyard. PRICED TO SELL !!!

121004-hunsaker-kawlums-archHere’s why J from A sent this in:

As promised, a lovely chateau – in the Lafayette hills. Of note: a million dollar price reduction, a reasonable $322 a square foot and lots of columns.

Somehow it seems that 3.5 bathrooms spread across 6,200 sq feet of living space is not quite the usual ratio – a new way to measure houses – bathrooms per square feet? I am sure the buyer will be happy to have an elevator to navigate all those stories. Enjoy!

121004-hunsaker-kawlums-balconyYou’re right, J. We’ve noted the business of beaucoup bathrooms in ginormous houses for people with too much money and not enough taste. No wonder this place had a million dollar price reduction.  According to the LA Times, this house needs at minimum 8 rooms for waste disposal and sluicing.

Good thing it was PRICED TO SELL !!! We’ve seen enough houses that were priced to stay empty or priced to sit on the listing service for years and years.

Like, um, this house:

121004-hunsaker-listing-history

Even Zillow thinks the house is worth $2,169,784. Instant equity!  Ka-ching!

Update 9:50 AM: Burbed reader magdalena alerts us to this 2005 SF Chronicle article that specifically mentions the house.  In a this-would-never-be-believed-as-fiction tragedy, the wife of criminal defense lawyer Daniel Horowitz was murdered in “the entryway of the home.” Wikipedia says she was murdered in a mobile home on the property while their “dream house” was being completed.  The murder occurred four days after the beginning of a high-profile trial where Horowitz was defending Susan Polk, accused of killing her husband in their Orinda home. Horowitz had taken the case after Polk had fired her previous lawyers for encouraging her to plead insanity.

This led to a mistrial, but as Horowitz prepared for Polk’s second trial, she fired him, convinced that he had something to do with his wife’s murder.  16 year old Scott Dyleski was convicted of the murder; supposedly he intended to kill a neighbor who had run over his dog and went to the wrong house.  Polk’s story manages to get even more bizarre after Horowitz was fired (this Dateline NBC link confirms the mobile home claim from Wikipedia).

WOW!  Sunrise and sunset is just the entryway of what’s included with this house!

Update 12:09 PM: Murder kills home values as well as people.  Check out Susan Polk’s house.  We found a listing e-flyer, and Redfin has the price history:

 

 

Comments (27) -- Posted by: madhaus @ 5:03 am

July 18, 2012

Who wants to buy a meth lab?

This site has made a number of jokes about homes that could have been meth labs but probably weren’t.  But what if you could buy a real one?  Thanks very much to Burbed reader Cam for following up on our recent guide to NOT buying a meth lab.

5674 S SAN FELIPE Rd
San Jose, CA 95135
$1,199,950

120715-sanfelipe-redfin

120715-sanfelipe-hallwayBEDS:  4
BATHS:  3
SQ. FT.:  3,200
$/SQ. FT.:  $375
LOT SIZE:  1.72 Acres
PROPERTY TYPE: Detached Single Family
STYLE: Contemporary
STORIES: 1
VIEW: Mountains, Neighborhood
YEAR BUILT:  1915
COMMUNITY:  Evergreen
COUNTY:  Santa Clara
MLS#:  81205455
SOURCE:  MLSListings
STATUS: Active
ON REDFIN:  155 days

Now is the time to buy this small ranch in the prestigious Evergreen Hills area. New entrance bridge makes a statement. Perfect for the horse-lover (tack room, barn and fencing) or person interested in exploring the possibility of subdivision. Lots of extras including BBQ area, dog run/kennel, covered patio and a hot tub.

120715-sanfelipe-fireplaceHere’s what Cam had to say about this um, very unique (snort) property:

Found this just after the meth lab post.

Pending soon? Agent even included photos of the chemical stains!

The link is to a Redfin forums discussion which links to this property, and also points out the same address is on the DEA seizure list.  The home was seized in August, 2010.  So it’s a pretty safe bet that this house is the real thing.  Except this is interesting as it went into foreclosure the previous February.

120715-sanfelipe-hottubYup, it’s an REO.  And you know what that means, right?  It means the seller (also known as the bank) doesn’t know squat about anything that happened in this house.

Check out the fireplace! More importantly, check out the chemical stains next to the fireplace! No wonder they didn’t dare show us what was cooking in the kitchen.

This reminds us of that huge meth lab bust in March (not this one, in an apartment, like for RENTERS).  We don’t know if this house was seized because the police were tracking down a stolen iPad and hit the jackpot, or if the bank deliberately planted some “bath salts” in the hot tub because they really wanted SOMEONE to take it off their hands.

Comments (14) -- Posted by: madhaus @ 5:02 am

July 14, 2012

Call the Doctor, Call the Nurse: Assault with a Frothy Weapon on the Lady without the Alligator Purse

And OF COURSE it’s in Palo Alto!  Thanks very much to Burbed reader PKamp3 for this one!

Woman hit with milkshake loses $2,000

Purse flies into vehicle after altercation in downtown Palo Alto

by Sue Dremann, Palo Alto Weekly Staff

A woman who was struck with a milkshake and angrily threw her purse at a vehicle full of teenagers lost $2,000 after the handbag flew into the open vehicle window, Palo Alto police said Monday.

The incident started Sunday, June 24, just before midnight, Sgt. Brian Philip said. The woman was walking east on University Avenue near Rudy’s Pub when a white Range Rover full of male teenagers driving recklessly southbound on High Street approached.


View Larger Map

120711-milkshake-rangeroverCould this incident have any more “Yup, this is definitely Palo Alto” touches?  A Range Rover full of rowdy teens and an alligator purse with two thousand in cash?  Too bad it doesn’t mention whether the milkshake was garnished with Madagascar vanilla bean shavings.

This story was picked up by NBC Bay Area and even nationally, but there isn’t anything new in either of those stories.  Miss Lucy, reached on her belled steamboat enroute to Heaven, says to be sure to read the comments in the Palo Alto Online story.

Oh yeah, and this is definitely an Open Thread.

 

Comments (11) -- Posted by: madhaus @ 5:08 am

June 17, 2012

Who says nothing ever happens in Novato?

Bet you’ll never think about the northern Marin city of Novato in the same way after you read this.  Thanks very much to Burbed reader nomadic for this noteworthy news item from the North Bay!

Picasso lithograph stolen from Novato mansion recovered

KTVU.com and Wires, Monday June 11th, 2012

120616-obertz-satelliteNOVATO, Calif. — A Pablo Picasso lithograph worth $30,000 that was stolen from a Novato mansion owned by former Ukrainian Prime Minister Pavlo Lazarenko was recovered Sunday morning, a Novato police sergeant said.

The framed lithograph, titled "Femme au Chignon," was found around 8:20 a.m. propped against a fence along a curb on Burning Tree Drive by neighbors who were driving to a hiking trail, Sgt. Jennifer Welch said.

"It was placed there to be found," Welch said.

The lithograph is believed to have been taken from the furnished but unoccupied residence at 100 Obertz Lane that is owned by Lazarenko, who was serving time in a federal prison in Los Angeles for conspiracy and money laundering.

What a great story!  Stolen art, a foreigner with suitcases full of cash, and he’s in jail for not doing a better job hiding the suitcases.  Out of control teenfest!  But most important: Show-off mansion!

120616-obertz-redfin

120616-obertz-satellite[4]Holy crap, this HOUSE has almost a half acre of living space!  The tag “ginormous” we use for homes over five thousand square feet simply doesn’t do this one justice.  And while Redfin thinks you want the lot size in square feet, Zillow has the sense to translate it into acres: 11.21 of them.

ZEstimate: $5,052,500.  Rent ZEstimate: $7,045 a month.  That’s a little more house than you can get for that amount in Palo Alto.

Just how many suitcases did the former prime minister have with him?  It better have been worth the nine years in prison.

Comments (9) -- Posted by: madhaus @ 5:15 am

March 31, 2012

Is there a Grow House in your ‘hood?

120330-31st-growhouseRecently, there was a rather notable marijuana bust in San Mateo that netted 530 plants, due to a tip from a “concerned citizen.”  Every one of us probably has some kind of self-appointed concerned citizen living in our neighborhoods, and it’s thanks to people like them that we can discover there’s a pot house in an otherwise quiet, suburban subdivision.

Like this one.  Someone recently updated the Redfin record despite it not changing hands in nine years.

120330-31st-redfin

Check out the neighborhood, courtesy of Zillow.  This does not look like the meth district.  And the house isn’t just on the West side of El Camino, it’s on the West side of Alameda.  And on the Peninsula, West means more prestige, more appeal, and more Real.  If any part of San Mateo is going to aspire to Real Bay Areahood, this is a good place to start looking.

1206-31st-zillow

The local San Mateo Patch has some helpful hints on how you too can be a concerned citizen and rat your neighbors out for running a grow house.  Here’s how to tell what they’re up to:

Manheimer and Alcantara encourage the help of citizens in locating neighborhood grow sites. Each suggested some indicators that there might be an operation in your neighborhood.

"You’d hear whirring noises," says Alcantara, "because they need to have filtration inside the house. They need to get the oxygen out, and the carbon dioxide in for the plants, so they have filtration systems set up.

120330-31st-minivanYes, definitely call 911 at the first sign of a ceiling fan.  Those fiendish fixtures are a gateway appliance to high-energy lamps.  Here are some more tips from the San Mateo police:

  • Infrequent visits by individuals who stay for a couple hours and then leave.

Because everyone knows that suburban get-togethers last all the livelong day.

  • Lights in the house appear to be regulated, and on timers. Sometimes, rooms inside seem perpetually lit.

120330-31st-remodelI wonder who it was who suggested putting lights on timers (see Home Safety).

  • Initial construction and the noise that comes from that work.

Because nothing says grow house like noise from contractors.

  • A "skunky" marijuana odor, and other odors, such as those from mothballs, air fresheners or chlorine, which are used in an attempt to mask the marijuana smell.

120330-31st-cleanerIn fact, call 911 if you smell anything other than the approved chocolate chip cookie dough used during Open Houses.

  • Unusual garbage strewn across lawn. Items used for growing marijuana, such as wiring, PVC piping and nutrient containers, may be discarded and left around the house.

So that’s why we’re seeing so many nominations for the Burbed Good Housekeeping Tag of Approval.

  • Windows covered in dark plastic or newspaper.

Better have them check out the goth teen across the street for the blackout curtains, too.

  • 120330-31st-fenceExtra security, such as guard dogs, fences, or cars loitering for long periods of time.

Remember the words of Robert Frost: Bad neighbors make good fences.

Let us know about any questionable signs your neighbor is running something nefarious, or any interesting things you see when touring Open Houses.  This is an Open Thread, so open up.

Comments (10) -- Posted by: madhaus @ 5:04 am

October 29, 2011

Chinese Property Bubble? Here’s how they’re making more land!

It’s Halloween Weekend, so we’ve got a couple of creepy pieces for you both days.  Today, another dispatch from Beijing, courtesy of The New York Times.

Harassment and Evictions Bedevil Even China’s Well-Off

By ANDREW JACOBS,
Published: October 27, 2011

Photo, right: Yan Lianke outside his house, to be demolished.  (Shiho Fukada for NYT)

BEIJING — It is a familiar tale of modern China with a sadly predictable denouement. A group of people wake up to find demolition notices affixed to their homes. After they reject the government’s compensation as too meager, a dark campaign of harassment ensues. The bulldozers arrive in the dead of night. Score another win for the boundless authority of the state.

But the struggle unfolding at Huaxiang World Famous Garden, a gated, suburban-style community on the exurban fringe of the capital, is not like a majority of redevelopment battles that each year lead to the forced eviction and dispossession of countless families.

image(Photo, left: A banner vows to sacrifice “our blood and lives” to save homes.  Shiho Fukada for NYT.)

The residents involved are by and large middle class and privileged — doctors, financiers, retired government bureaucrats — who thought they were immune to such capriciousness. Among their ranks is one of China’s most successful fiction writers, Yan Lianke, whose satirical novels about famine, AIDS and the cruelties of the Cultural Revolution plumb the suffering of ordinary Chinese.

Just as notable is that their subdivision is new, the oldest house no more than five years old. At least three of the homes were completed this year. The local district government, however, says the residences and their pampered gardens must give way to a road-widening project that was announced in July. Everyone was given just three weeks to leave.

This is what happens when the rule of law is a complete fiction.  Moneyed interests, working hand in glove with a powerful government, and even supposedly rich people end up losing their homes… to even richer people who want that well-situated land.

imageAren’t you glad we live in the United States?Instead of obnoxious sound trucks, nasty text messages, mysterious thugs and early morning bulldozers, we just have the banks forge some title documents and claim they own your house because some ginormous spreadsheet somewhere says they do.  And didn’t we have Alan Greenspan propose burning houses down as the low-cost strategy?

This is why the word “Occupy” combined with any geographic place name is now banned as a search term in China.

And if you think this is scary, just wait until you read tomorrow’s article. Meanwhile, this is an Open Thread.  What Open Houses are you visiting and what Tricks will you play there?

Comments (17) -- Posted by: madhaus @ 5:07 am

August 14, 2011

Transient Guests Trash Short-Term Subleases

imageY Combinator isn’t all smart phone apps and hardware gizmos. One of their startups was a firm called Airbnb, for Air Bed ‘n Breakfast.  You could rent out short-term space on an air mattress or sofa, or rent out most or all of your home while you were elsewhere.

The firm had plenty of positive buzz until it got whacked with the chainsaw of crappily-handled crisis: a malicious set of renters who deliberately trashed a host’s San Francisco apartment, smashed into a locked closet, stole her jewelry and private papers, and wrote her emails every day saying how much they enjoyed her apartment., The host, who goes by EJ, blogged about the horrible experience coupled with the complete unwillingness by Airbnb to take any responsibility for this calamity, and called out the firm’s meaningless gladhanding.  While a well-funded firm with celebrity backers might be able to bat aside one plucky woman with a Blogger site, they couldn’t so easily ignore a widely-read tech journalist who would not drop the story or accept the firm’s whitewashing of the events.

imageIt’s always a great idea for a new business to take a rightfully angry customer with grounds for a tremendous lawsuit and try to intimidate them because you’re worried this could impact your funding.  You can’t buy publicity like this!

TechCrunch has been covering the Airbnb Stupidity Saga pretty thoroughly, so you can check it all out there.  Because of their coverage, another not-so-satisfied Airbnb host wrote in and he sent pictures (these are his pictures, not the other hapless host above).  Looks like he drew another Airbnb short straw and ended up with some meth-heads in his place.  This is what they did to his bathroom door.  He thinks they used an axe.

imageAnd here’s one of the many meth pipes they left all around his Oakland apartment.  As Troy the unfortunate host wrote:

In addition to valuables stolen, the thieves/addicts did thousands of dollars of bizarre damage to my rented home and left it littered with meth pipes. They were identity thieves, too and all my personal information was strewn about. Further investigation of my own led me to evidence that the people were not just thieves but were also dangerous. I too, feared for my own safety and would not stay at my house for some time.

I had a similar problem with haphazard communication from people at AirBnB. I gave them multiple opportunities to make me a happy customer to which they did but then retracted their offer after their was miscommunication among the team. Sometimes days went by without hearing from anyone, while I was fear-stricken, totally disoriented, and angry. It was almost the most absurd customer service crisis one could ever imagine. But I am one squeaky wheel, and we eventually found an agreeable solution that I was generally pleased with.

Although this all happened almost a month and a half ago, it wasn’t until this Monday that Airbnb announced that they were making some changes in their booking policies, and, incidentally, apologized to EJ for their mismanglement.

This is an open thread.  Let us know if you see any meth pipes when you look at Open Houses today.

Comments (4) -- Posted by: madhaus @ 5:35 am
 
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