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Jun 16 - He thought he snagged a villa for $9,100. He got a foot-wide strip of land.


 


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 1 month ago '11        #1
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Sin 2165 heat pts2165
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Jun 16 - He thought he snagged a villa for $9,100. He got a foot-wide strip of land.
 

 
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Kerville Holness thought he’d done a great job snapping up a $177,000 Tamarac villa for only $9,100.
But that’s not what he actually bought during a Broward online auction of properties that had defaulted on their taxes.

He got a 1-foot-wide, 100-foot-long strip of land on Northwest 100th Way — valued at $50.
It starts at the curb where two mailboxes have been installed, goes under the wall separating the garages of two adjoining Spring Lake villas, then extends out to the back of the lot.
And officials say he’s stuck with the deal.
So what can Holness do now? Make the people living there get their mailboxes off his grass? Remove the water meters that are in his ground? Maybe try to charge rent to both villas for the joint wall and roof that sit on his land?
“If I’m vindictive enough, I can cut right through the garage wall and the home to get to my air space, but what use would that be to me?” Holness said.

What he wants is for the county to void the deal and give him his money back.
“It’s deception,” said Holness, a first-time auction bidder from Tamarac. “There was no demarcation to show you it’s just a line going through [the villa duplex], even though they have the tools to show that.”
Holness said that property appraiser pictures linked to the auction site showed the villa as being the parcel he was bidding on.

But the appraiser’s site and information on the county’s tax site also show the negligible value of the property, that there is no building value, that the land takes up only 100 square feet and that the property is one-foot wide.
Officials say state law does not allow the refund Holness is seeking.
The message from county officials and real estate experts is that auction participants need to do their homework and make sure they’ve checked for all possible problems a property might have.
“He may go to court and find some error in the sale procedure,” said Gary Singer, a real estate attorney who writes a weekly column for the South Florida Sun Sentinel. “Generally speaking, he bought what he was supposed to have bought.”
How did this happen?
Officials aren’t sure why the strip was never attached to either of the adjoining properties, but instead remained in possession of the developer, GHO Tamarac II. It could have been overlooked. After the company dissolved, taxes stopped being paid on the property, leading to the March auction.
Holness said the property shouldn’t have been put up for sale. County memos he obtained from last summer show the county’s Records, Taxes and Treasury Division had raised that question with the appraiser’s office because of the parcel’s odd location under two homesteaded properties. But tax division director Tom Kennedy said if the property is on the tax rolls, it must be auctioned.
One memo suggested the adjacent villa owners would have the most interest, but neither bid on the property.
One of the owners, Tina DeFeo, bought her villa in April, after the auction.
“It makes no sense,” DeFeo said. “I don’t know how you buy a strip of grass like that.”
DeFeo said she’ll check with the title insurance company to see why the issue wasn’t flagged, but she said she wouldn’t be paying any money to Holness.
“If we have to move our mailbox, we’ll move our mailbox,” she said.
Richard Sherman, deputy general counsel for the appraiser’s office, said tiny parcels like the one Holness bought aren’t common, but do happen. State law requires the appraiser’s office to put a value on every property, he said.
Holness could try to work out a deal with one of the villa owners to take ownership of the property, but it’s not likely he would recoup everything he spent, Singer said. Any chance of collecting any type of rent or fee from the current villa owners could be hurt if no such payments were required by the previous owner, Singer said.
Buyer beware
Bottom line: Taking part in the county tax deed auctions is a risky venture.
The county put a new warning Thursday on top of the online auction site, telling investors to “do your research” and that “Tax Deed sales are not for the uninformed.” The county doesn’t guarantee any of the properties, which are sold as-is.
While the notice is new, tax officials say the same information was already in six other places on the site in instructions to potential bidders.
Holness was one of four bidders on the Tamarac parcel. He beat out Antoine Rutherford of Miramar by $100.
But Rutherford, another first-time bidder who also thought he was bidding on a villa, also ended up buying something he didn’t want.

In the March auction, he paid $6,100 for a vacant Lauderhill parcel that he saw as having development potential. But the land he bought was for one of 30 condo units that used to be on the property. Rutherford said the building was demolished after a fire nine years ago. If the a*sociation ever sells the property, he could see some return, but he has no control over that.
Will he be bidding again in the future?
“No, that’s it,” Rutherford said. “If I do do it, I’ll have to go to the place and analyze it myself.”
Singer said that’s a good idea.
“Any kind of clerk’s auction is buyer beware to the max,” he said.

visit this link https://www.sun-sentinel. .. coy-story.html
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44 comments
 

 1 month ago '07        #2
In Disguise 153 heat pts153
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Thought the city owned the curb and the homeowner maintains it.
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 1 month ago '19        #3
Gold Face 3 heat pts
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Tamarac

Clean safe and cheap

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 1 month ago '17        #4
Willy Boban 248 heat pts248
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Jr already phucking up his inheritance money.

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 1 month ago '17        #5
Willy Boban 248 heat pts248
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He should donate it to drug addicts and let them camp out there until the owners buy it from him.

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 1 month ago '06        #6
bigkilla 27 heat pts27
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On some sh*t I don’t like being petty... but if I got swindled like that I’m doing everything in my power on my 1 foot by 100 property to lower everyone’s property value until the neighborhood demands the town/city/state to give me my money back.
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 1 month ago '17        #7
lucifershammer 19 heat pts19
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the buyer should have smelled fishy twat from the start

how do u buy real estate without checking it out first?

a con wont work without greedy people
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 1 month ago '16        #8
Aztlan 137 heat pts137
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 bigkilla said
On some sh*t I don’t like being petty... but if I got swindled like that I’m doing everything in my power on my 1 foot by 100 property to lower everyone’s property value until the neighborhood demands the town/city/state to give me my money back.
Guy overspent by like 3600%

He better let off stink bombs on that bi*ch
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 1 month ago '17        #9
Willy Boban 248 heat pts248
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It starts at the curb where two mailboxes have been installed, goes under the wall separating the garages of two adjoining Spring Lake villas, then extends out to the back of the lot.


This sh*t sound wierd. Because this should mean that both properties are on his land with the joining walls.

So he can make them detach everything and redo it all off his strip of land.
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 1 month ago '11        #10
Sin 2165 heat pts2165 OP
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 bigkilla said
On some sh*t I don’t like being petty... but if I got swindled like that I’m doing everything in my power on my 1 foot by 100 property to lower everyone’s property value until the neighborhood demands the town/city/state to give me my money back.
I’d just put up a billboard and lease it out it will probably make $2000 over 5 years


[pic - click to view]



Last edited by Sin; 06-16-2019 at 11:20 AM..
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 1 month ago '17        #11
Willy Boban 248 heat pts248
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 Sin said
I’d just put up a billboard and lease it out
Hmmmm.

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 1 month ago '11        #12
Sin 2165 heat pts2165 OP
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 Willy Boban said
Hmmmm.

It probably won’t make his money back if it’s not on a busy street though

Edit: or he probably could make his money back if he crowd sourced the internet sold the rights to anyone who wanted to post anything for a 24, 48 or 72 hours


Last edited by Sin; 06-16-2019 at 11:34 AM..
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 1 month ago '08        #13
Chicken_N_I-Roc 29 heat pts29
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 Sin said
It probably won’t make his money back if it’s not on a busy street though

Edit: or he probably could make his money back if he crowd sourced the internet sold the rights to anyone who wanted to post anything for a 24, 48 or 72 hours
Sounds like a good idea to me.


Last edited by Chicken_N_I-Roc; 06-16-2019 at 11:49 AM..
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 1 month ago '11        #14
Sin 2165 heat pts2165 OP
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 Chicken_N_I-Roc said
Sounds like a hood idea to me?
One issue could ruin it all

If the neighborhood has a HOA he’s probably fu*ked, they’ll block everything
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 1 month ago '17        #15
dubsax 16 heat pts16
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its not being swindled.

on land auctions and most land purchases its up to the buyer to do due diligence in researching the property.

Nothing is getting voided.
He needs to charge for anyone occupying the property.
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 1 month ago '17        #16
Willy Boban 248 heat pts248
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 dubsax said
its not being swindled.

on land auctions and most land purchases its up to the buyer to do due diligence in researching the property.

Nothing is getting voided.
He needs to charge for anyone occupying the property.
My first question is what is the address of the sh*t up for bid. And how many bedrooms and bathrooms does it have.

Thread should have said Bx Member gets finessed at home auction.

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 1 month ago '08        #17
cohs 10 heat pts10
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And he gotta cut the grass
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 1 month ago '17        #18
DaQCKing 42 heat pts42
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Man that's some f*ghting sh*t right there
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 1 month ago '04        #19
LordBlanco|M 57 heat pts57
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fu*ked up but dude really thought he was going to own a decent sized plot of land for 9k? Lol
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 1 month ago '05        #20
projectd06 3 heat pts
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They dont give you an approximate square footage? Or a picture of the property? How did you not know what you were getting.
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 1 month ago '04        #21
drawn 10 heat pts10
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this dude is an idiot yooo i've worked in real estate and have purchased property before, and checking the legal description, size of the parcel, and the details on the county website and, AGAIN, within the closing documents is a MUST. This is a basic procedure.

This idiot must've went by the pictures only

"The appraiser’s site and information on the county’s tax site also show the negligible value of the property, that there is no building value, that the land takes up only 100 square feet and that the property is one-foot wide."
bruh.. he deserves to take that L

Rookie
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 1 month ago '18        #22
niruggg 66 heat pts66
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 bigkilla said
On some sh*t I don’t like being petty... but if I got swindled like that I’m doing everything in my power on my 1 foot by 100 property to lower everyone’s property value until the neighborhood demands the town/city/state to give me my money back.
setting up shop, cookouts like

[pic - click to view]

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 1 month ago '07        #23
Eddie..|M 13 heat pts13
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Nothing beats a good finesse story
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 1 month ago '19        #24
DrakeSavage 
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 Willy Boban said
It starts at the curb where two mailboxes have been installed, goes under the wall separating the garages of two adjoining Spring Lake villas, then extends out to the back of the lot.


This sh*t sound wierd. Because this should mean that both properties are on his land with the joining walls.

So he can make them detach everything and redo it all off his strip of land.
i a*sume the houses have been there so long that the only thing he can do is give them the land underneath their houses.

i a*sume whoever owns those places knows that they cant do anything. otherwise why wouldnt either neighbor want it. youd be scared the other bought it. but they both should be scared a random bought it. and yet its worth 50$ lol. bc they cant really do anything.
+1   

 1 month ago '09        #25
ShadyVsEminem 252 heat pts252
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Conned like the lad who bought a picture of an Xbox one on ebay for £450

[pic - click to view]



As bad as both stories are they were not fu*ked over as much as the people who signed up at Trump university
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