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Scum lords listed2001-06-29 16:01:31 by P8
The Housing Project
The Bay Area's 45 Worst Slumlords, Real Estate Speculators, Gentrification Profiteers and Other Contributors to the Housing Crisis
This research was developed by a team of volunteers who interviewed tenant attorneys, tenant rights activists, and tenants throughout the Bay Area and conducted background research (mostly on the web) on the landlords recommended by these people. Were sure its not a complete list and would love for you to add to itwith information about other landlords or more details on the ones we already know about. A list of South and North Bay landlords is in the works, but to begin, here are our choices for the worst actors in San Francisco and the East Bay. Background articles on many of these landlords are available...
Been there, done that2007-08-21 14:24:15 by Kitten3401
the year 1996
the house: Bay Area (Morgan Hill)3200 sf. 4/3 on 1.7 acres hillside w/view of the valley. Before I go on there was the first house bought in '88 for 215K (nice, 2200 sf.,4/3, pool) sold in '91 for 325K to purchase Morgan Hill for 485K ARM)
1994 re-fi house, appriaser valued it at 485K. teaser rate ARM
1996 payments go up ($3200/mo was a lot at the time)
the house has to go, the market tanked. Foreclosure started. Ended up with a short sale (low balled: 350K ouch) large charge out and bankruptcy. Became Renters. Glad to be out from under the monthly nut stress. The mortgage was only part of the costs. Taxes, insurance, heat that monster, water(!) that landscape, not to mention vehicle repair - commutes etc.
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