phil.rice

This is an open letter to:

HUD
451 7th St S.W.
Washington DC 20410
Attn: Alphonso Jackson

re:  1301 Florence Street, Aurora, CO  80010

Attachments:  MLS pg1, listing history, deed, photo essay, foreclosure

In September, 2002, Juan and Norberto Butanda bought the house at 1301 Florence Street in Aurora, Colorado.  The asking price was $145,000.  Phil Haas, the listing agent, added $4,000 to the asking price.  The mortgage broker, Washington Mutual, and appraiser all played along.  Most importantly, the good people at HUD played along.  The Batundas got an FHA loan in the amount of $146,924.  Two years later the Batundas needed to sell.  In December 2004, this property was offered as a short sale.  The final asking price was $126,000, i.e., they were $20,000 short of the loan amount.  And at that price, there were no buyers.

In April, 2005 (after 129 days on market) Juan and Norberto Butanda gave up and walked away.  A few months later, HUD foreclosed on the property and took possession.  Title transferred from HUD to Washington Mutual on 12/15/05.  Two months later, on 02/10/06, the property was listed on MLS with an asking price of $110,000.  Steve Cramer of Exit One is the listing agent.  MLS shows the property went under contract on March 2nd, 2006 (20 DOM).  As of 08/28/06, the property status in MLS remains unchanged – still under contract – 6 months later.

On 08/31/06, there is not any kind of “for sale” sign on the property.  There is a notice posted in the front window where Michaelson, Connor & Boul – (the M&M contractor) takes responsibility for the property – with a reference to FHA case number 052-232970.

This property is located directly across the street from West Middle School.  Children from the neighborhood walk by this property on the way to and from school everyday.

The condition of the property is poor.  There is extensive deferred maintenance of the exterior paint.  An exterior light fixture hangs by shoe string.  The landscape is below the acceptable standard, even for this ghetto neighborhood.  There are 2 tickets stuck to the window.  Each is a notice of violation from the Aurora City Code Enforcement department.  One of the tickets is old and faded, the other is new.  The new one says HUD is a chronic violator,

No further written notices of violations will be given.  Any additional violation(s) will result in an immediate Summons to Court.

Hello people at HUD.  Is anybody home?  Why is it taking so long to sell this house?

What is the problem?

Is this property for sale, or not?  Is Michaelson, Connor & Boul responsible, or not?

Mr Alphonso Jackson:  Please clean up your act.  Specifically, if the house is for sale, put a “for sale” sign in the yard.  Clean up the yard, clean up the house, and clean up the MLS listing.  Either lower the price or get a new real estate agent – or both.  How hard can this be?   This is not your first time.

If the house is not for sale, and MCB is not on the case,

1. Get the case number out of the window
2. Update the MLS listing status to say withdrawn.
3. Notify the owner of the house (WaMu?) to get busy.

Do we need to issue a court summons to get somebody’s attention?  Alphonso Jackson – sell this house to someone who will shovel the sidewalk this winter when it snows.

Sincerely,

Philip G Rice
11268 E Linvale Dr.
Aurora, CO  80014
720-282-3376

cc:  distribution list

Attachments:  MLS pg1, listing history, deed, photo essay, foreclosure

– End of Letter –

tags

mkg appraisal philip+g+rice aurora colorado 80014 mortgage fraud real+estate less+than+perfect new+century FHA HUD yard+sign veatch

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This entry was posted on Monday, September 18th, 2006 at 6:16 pm and is filed under Mortgage Fraud. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.