From the Queens Courier:Wendy Bowne, President of the Richmond Hill Block Association (RHBA), said that she, as well as other local residents, has been asking for action at 87-41 110th Street – a graffiti-strewn home with multiple Department of Buildings (DOB) violations – for months.
The two-story shingle home, with two bedrooms and one bath on each floor, sits on a 25’ x 100’ lot, according to Achievers, the real estate agency that is trying to sell it. The asking price is $299,000, though the home is not in a livable condition.
Between April 2004 and January 2006, according to the DOB, five violations were issued to respondent Inshanall Bibi Farid, including “Work without a Permit.”
Andy Ally of Achievers explained that they are attempting to do a “short sale,” meaning the lender is accepting less than the total amount due.
As recently as last week, Bank of America, the servicer of the home’s mortgage, received an offer of “short sale,” according to Rick Simon, spokesperson for Bank of America Home Loans. He said that, despite what many think, the home is not, in fact, in foreclosure.
6 comments:
If Bank of America is the owner than they must be contacted to clean up the violations and fined. What's different about them than a citizen who owns it - go after them - fine them big time!
If I were a neighbor, I wouldn't sit by and watch my neighborhood (and my property value) go down the sh*ter. I'd get out there and paint over that graffiti and clean up that yard. I don't think the owner (B of A) is going to have you arrested.
$299,000?????
This bubble is NOT GOING TO BE OVER for a long time
Maybe $99K as is..would be the RIGHT PRICE
Maybe $99K as is..would be the RIGHT PRICE
COULD NOT AGREE MORE, SELL IT TO SOMEONE WHO CAN AFFORD IT AND WILL FIX IT UP AND ACTUALLY LIVE IN IT!
At 299K, buy it, knock down, build some crap, and voila, housing for an additional 12 families which the infrastructure can't handle.
An average shabby house in Queens should not cost more than $200,000 given that the median income in the borough is about $50,000.
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