Purchased Private Street - In San Francisco

[Elliott]

timd said, "Title insurance is not going to help. Title insurance does not cover title issues that arise from the failure to pay property taxes."

If I were a homeowner who had purchased a property in the neighborhood, I would be asking why I'm not experiencing the quite enjoyment of the property that I purchased and was given a title insurance policy. Why is there a TV crew interviewing this couple out on 'my' street saying they might charge me "rent" for using the street I've been using for the last 15 years. I guess I could make a claim against the title company so that I could be made whole. If I went to a judge and said, "Your honor, I purchased this property in good faith, expecting that the private street would provide access and parking in accordance with the HOA bylaws."

One of the first real estate law classes I took was taught by a good, knowledgeable local lawyer. I remember him saying when there is a problem with real estate, the first thing he did was sue everybody so they all have to come to the table, so the issue will get resolved. He said, you sue everybody associated with the transaction, the realtor, the appraiser, the title company, the surveyor, the mortgage company, and anyone else he could put on the filing complaint.

 

[Deleted member 134708]

People bought it fair and square.

I hope they leave the street as-is and charge owners $500 a month to use spot #10, $500 for spot #15.

If homeowner doesn't want to play, spot #20 designated for them just went to the neighbor.

Called consequences. guess they should of been better about paying their debts.

Back to reality on realities terms in SF. The folks who bought the street will be investigated, charged with a hate crime and jailed.

 

[Mark K]

People bought it fair and square.

I hope they leave the street as-is and charge owners $500 a month to use spot #10, $500 for spot #15.

If homeowner doesn't want to play, spot #20 designated for them just went to the neighbor.

Called consequences. guess they should of been better about paying their debts.

I wonder if all of the people hoping that the homeowners get screwed would feel the same if the street was in a middle class or low income neighborhood?

"Trump Properties, Inc. buys private street in low income neighborhood and charges the poor and the elderly for access to their homes. News at 11."

 

[Deleted member 134708]

I wonder if all of the people hoping that the homeowners get screwed would feel the same if the street was in a middle class or low income neighborhood? QUOTE]

Why are they getting screwed? Who screwed them? Who forgot to pay the tax man?

Why are they getting screwed? Who screwed them? Who forgot to pay the tax man?

 

[Elliott]

Identity politics. Who knew Native Americans had slaves too?

 

[Mark K]

Who forgot to pay the tax man?

You're avoiding the point of the post, but probably the accountant for the HOA. The owners are paying the price for his mistake.

So charging the elderly or poor would be OK if someone made the same mistake?

 

[Deleted member 134708]

You're avoiding the point of the post, but probably the accountant for the HOA. The owners are paying the price for his mistake.

So charging the elderly or poor would be OK if someone made the same mistake?

Yes. I don't discriminate. Poor, rich, age, gender, non-gender etc. Actions have consequences. New owners have rights. Capitalism.

 

[Mr Rex]

I'm along ways away, but I'd bet some if not most of the owners never knew that it was a private street and I'll dare bet that most of the appraisals didn't indicate private access either.

 

[Elliott]

Some appraiser who checked "public" street could be sued for $$$$$. HO, "I relied on the appraisal report that represented a public street."

 

[Mark K]

Yes. I don't discriminate. Poor, rich, age, gender, non-gender etc. Actions have consequences. New owners have rights. Capitalism.

I don't have a problem with it but am willing to bet that many of the buyer's current cheerleaders would change their tune if the situation occurred in a 'disadvantaged' part of town instead of a wealthy part.

I still think that the owners will ultimately find out that they have fewer rights than they bargained for. Interesting case to follow. As I mentioned earlier, I was a court appointed appraiser for a private road case and the court ruling was not favorable to the buyers/new owners. They found out that their rights were about equal to adjacent owners that had a prescriptive easement over it.