Real Estate | Bettina Network's Blog

Posts Tagged ‘Real Estate’

Real Estate Tax Article Response

Tuesday, September 3rd, 2019

Thank you for the article on elder abuse and real estate taxes. I am not one to start movements or even protests. Instead, I sit home, cry and try to remember what was.

My father lost his home because of the games played with him around his house. It was our family homes. I was not old enough nor employed to be able to help. I am now both, but he is gone and so is our family home. He spent the last years of his life in a Senior Home and he was miserable. How I hate those who caused this. It is all about greed.

Count me in on anything you do around these issues. I know how painful it was for him as he tried to save a home on which he owed very little. Our mortgage had been paid in full since our family lived in that house and owned it for many decades. He took out a small mortgage to make needed repairs and got caught in the real estate taxes game.

The same things happened to him that you described. He thought he could defer the taxes as a lien on the house, but the city pushed him off. They didn’t say no – they couldn’t because he qualified. What they did was everything they could to not accept his application. The bank let it be known that they would not allow the deferral and would not sign off on one if the city decided to accept his application. Caught in a bind he didn’t know what to do. He wrote to everyone and every institution he could think of looking for help. No one responded. He thought and expected people to do the right thing, but they never do when money is involved. I believe the person who bought the house out of foreclosure for a fraction of its value was somehow connected to the bank and/or the city or both. The house was fixed up and then resold and the people who did this made well over $200,000 that I could count.

Please put my name on a list of people you send out notices whenever you do something about all of this. I don’t have much, but I have myself and a little money left over from my job each week. I want to do what I can to make sure others don’t suffer the way my father did at the end of his life.

He lived less than two years in that Senior Citizen place. All of his papers, furnishings, clothes and memorabilia were gone. There was no place for it in his tiny room and even if there was space the bank made sure nothing survived. A sheriff showed up with a truck and hauled away all that was dear to him while he watched, cried and begged them to stop. It was one of the worse moments of my life. I shall take those memories to my grave.

God bless you and may your work succeed. Much pain can be alleviated if only people acted out of a sense of goodness. We are all human – we err – we try and sometimes succeed and sometimes don’t – but when we put aside our humanity for that corporate suit we become something else. I saw that something else through what happened to my father.

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Project 1 – Estate Sales after the Sale!*

*This contribution is to the Bettina Network Foundation, inc which is a 501(c)3 organization and tax deductible.

Project 2 – #WellsFargoBoycott*

This contribution is to the Bettina Network Foundation, inc. which is a 501(c)3 organization and tax deductible.

Project 3 – Growing Bettina Network’s Blog

into a major media outlet bringing to the public news, recipes, thoughts, reviews of businesses, etc. from the perspective of those who belong to Bettina Network’s Lifestyle Community.

Project 4 – Boycott the Twenty Dollar ($20) bill

You can send a check to Bettina Network, inc. P. O. Box 380585 Cambridge, MA. 02238 to support this blog! Please make your check out to “Bettina Network, inc.” since the blog income is not the foundation income.

If you prefer your gift go to the Foundation, make your check payable to Bettina Network Foundation, inc. The money we receive for the Foundation currently is going to support the Wells Fargo Boycott.

_________________________________________________________

Want to join us? Have a home that you want to open to become one of Bettina Network’s Hedge Schools? Call us and lets talk – or email us.

Ed. Note: Members of the Bettina Network Lifestyle Community can contribute to the Bettina Network Blog whenever they have anything they want to say and be heard by this fantastic group of people. Send your blog to bettinanetwork@comcast.net or mail it to us at P. O. Box 380585 Cambridge, MA. 02238 or call us on the telephone at 617-497-9166 to tell us what you want to say and we will write it for you.

Volunteer with Bettina Network Foundation, inc. to work estate sales; to help move items from one home to another; to contribute your ideas on how we can better use our resources in this effort to relieve and eliminate homelessness and poverty. We also need photographers; designers; and more. However much or little time you have, we are grateful.

Send your event information to be included in Bettina Network’s Menu of Events to: bettina-network@comcast.net

This is a curated blog so you cannot write your responses at the end of each entry. TO RESPOND TO THIS BLOG email bettina-network@comcast.net





Zillow, Realtors, Racism

Monday, May 6th, 2019

We have known for generations that the segregated neighborhoods that refuse to show any signs of integration, which cause segregated schools, which are enabled by redlining (although today there are more sophisticated names than redlining), are caused by the collusion between realtors, those serving the professional real estate community, banks and other financial institutions.

We am having an experience of what that is like in 2019 because one of our own is selling her house and is mind blown by what she is experiencing.

Her neighborhood is one of the “upper class” neighborhoods in Cambridge, MA. It is about 99% white and for the last 37 years that she has lived and owned a house in that neighborhood there has been no change. One black man lives in the neighborhood and has lived there longer by a fluke of government contracts. Architects built an apartment building using HUD money. Those HUD contracts were to bring “affordable housing” into the neighborhood and to help insure people with very little could afford to buy condominiums and live and raise their families in a really fantastic place.

Unfortunately, the HUD contracts were only for one generation of buyers, so once the condominiums were sold if the people who bought them were foreclosed on or met some other kind of tragedy which mandated they move then the builders were free to take back the condo’s and resell them at market rate to whoever, no matter their wealth or financial status.

Since the terms to buy were way beyond what most in the economic/financial situation to which those contracts were pointed and the terms under which the condo’s were being sold were generous to encourage such buyers – people bought who could not afford the condo’s they were put into and in short order the buildings units were being foreclosed or people were forced out by turning over their deeds or whatever arrangements they made to get out of what they bought as a dream, which was actually a nightmare. There were no safety measures in place under that HUD contract which could have helped many retain their homes.

One lone African American man remains in the neighborhood because somehow he managed to keep his condo and is still there today. Otherwise, it is like looking for hens teeth to find any other African American homeowners, unless they are temporary residents under the wing of Harvard University.

So now the stage is set. Along comes one of our leaders – an African American woman who buys into the neighborhood. That was horrific on its own. But that settled down and she lived a mostly peaceful, rewarding life making many friends of her neighbors.

She decides to sell. Looks up Zillow and find her house has a Zillow Estimate of about $4.9 million. And then the fun starts.

That Estimate stays for several months after the house is listed on Zillow and is close to professional appraisals of the house. Until, apparently, Zillow discovers the African American residents and the house tumbles in value on Zillow by almost $1 million dollars within two to three days.

How did Zillow do that? And what are they counting on to erase their attack? The way they set up their Estimate. In one to two months that history will be history and things will look normal – well, sort of.

To reach that Estimate, Zillow compared her property not to other houses in the Brattle Street, Gold Crown Historical District, but made a comparison of her house to homes in Brighton/Alston, Central Square, etc. and the size of the homes to which her home was compared were 1,000 to 2,000 square feet smaller. A comparative value, found from such circumstances would be much lower than one if the house was compared to those actually similar.

When Zillow was called and emailed to say – why? They did not respond.

What happened to the house that after a few months with the house on Zillow at $4.9 million approximately, the Zillow Estimate drops to $3.5 million – which is actually substantially below the value of the house in todays market and that drop happened within about 24 to 48 hours..

After more investigation, we discovered the answer. It has to do with race.

What is that called? Why are they allowed to do such? What are the alternatives?

That made us look around to ask – Zillow can’t be alone with these practices and are there official places which make this possible and Zillow comfortable in what it is doing?

Let’s investigate!!!!! Stay tuned for more. We have started some investigative work to look closer and deeper.

____________________________________________________

Learn More About How We Use Your Donation!

Donate to Bettina’s

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Select Payment Method
Personal Info

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This is a secure SSL encrypted payment.
Billing Details

Donation Total: $5.00 One Time

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Project 1 – Estate Sales after the Sale

Project 2 – #WellsFargoBoycott

Project 3 – Growing Bettina Network’s Blog

into a major media outlet bringing to the public news, recipes, thoughts, reviews of businesses, etc. from the perspective of those who belong to Bettina Network’s Lifestyle Community.

You can send a check to Bettina Network, inc. P. O. Box 380585 Cambridge, MA. 02238 to support this blog! Please make your check out to “Bettina Network, inc.” since the blog income is not the foundation income.

If you prefer your gift go to the Foundation, make your check payable to Bettina Network Foundation, inc. The money we receive for the Foundation currently is going to support the Wells Fargo Boycott.

_________________________________________________________

Want to join us? Have a home that you want to open to become one of Bettina Network’s Hedge Schools? Call us and lets talk – or email us.

Ed. Note: Members of the Bettina Network Lifestyle Community can contribute to the Bettina Network Blog whenever they have anything they want to say and be heard by this fantastic group of people. Send your blog to bettinanetwork@comcast.net or mail it to us at P. O. Box 380585 Cambridge, MA. 02238 or call us on the telephone at 617-497-9166 to tell us what you want to say and we will write it for you.

Volunteer with Bettina Network Foundation, inc. to work estate sales; to help move items from one home to another; to contribute your ideas on how we can better use our resources in this effort to relieve and eliminate homelessness and poverty. We also need photographers; designers; and more. However much or little time you have, we are grateful.

Send your event information to be included in Bettina Network’s Menu of Events to: bettina-network@comcast.net

This is a curated blog so you cannot write your responses at the end of each entry. TO RESPOND TO THIS BLOG email bettina-network@comcast.net or info@bettina-network.com

TO LEARN MORE try www.bettina-network.co










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