Daily Archives: February 19, 2016

And speaking of drawn out foreclosures

45 Doubling

45 Doubling Road

I’ve been following the progress of a foreclosure action on 45 Doubling Road, now barely getting warmed up after three years. I signed up to receive a notification from the court each time something happens on the case, and today I learn that, after one filing for bankruptcy and a lifting of the stay after that delay maneuver failed, a new filing has occurred.

The client who first asked me to monitor this house because he was interested in bidding on it has long since moved on; the house, and its owner, remain.

There’s nothing morally wrong with staying in your house as long as you possibly can, but if you want a view of why Connecticut is still struggling to clear the market of houses laid low in the 2008 debacle, go to the docket for this case and see all the dozens of motions, orders, appeals, defaults, and so on that have been going on.

This is a typical foreclosure case in Connecticut. Down in Florida, where foreclosures take, on average, 6 months, the market’s digested the foreclosed home supply and returned to normal. In the Nutmeg State, those 2008 homes are still years away from being sold.

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Abandoned project on Meeting House finally hits the market

CCF Meetin House

24 Meeting House Road, circa 2008

24-28 Meeting House Road, Jimmy Licata’s failed two-house undertaking partially built back in 2000, has finally cleared foreclosure and the foreclosing lender has put it up for sale, asking $4.995 for the two, 4-acre lots. It’s a large meadow, and you could indeed put up two nice homes here, but I don’t know about $2.5 for each building site; homes on Meeting House have had trouble selling in the higher range, and so this much for a building site may discourage spec builders. On the other hand, Regis Philbin’s house, further down at the end of the street, did sell for $3 million and was promptly razed, so I understand listing agent Joe Barber’s thinking here.

Of course, part of that difficulty can be attributed to the twin Licata disasters flanking the street, this one on the east side of the road, and his former wife’s on the west (Greenwich Time ran an article on the wife’s difficulties at 21 Meeting House in 2011, but mistakenly illustrated it with pictures of 24 – hehehe). I myself wrote about the (correct) location in 2008, and you can read that here.

In any event, the property’s available, and if the neighbors on Meeting House are lucky, it will soon be sold to someone who’ll do something productive with it.

meeting house

Circa 2011 – not aging gracefully

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Why do they so hate the poor?

Mohammed Ullah

Mr. Mohamed Ullah holds affidavit attesting that neither dogs nor humans pissed on his produce while it spent the night outside on the sidewalk

Weepy coverage of a NYC store keeper who, as he has in the past, stacked fruit and produce up on the sidewalk in front of his store and had to watch as the sanitation department tossed it out.

No sympathy for the storekeep – he’s already accumulated $60,000 in fines for doing the same thing, repeatedly, but the media and the “man in the street” are outraged that the “food” was sent to the landfill instead of being fed to soup kitchen patrons.

What, I ask, have the homeless done to deserve being served food that’s been left out in the open 24 hours in New York City?

Would you trust that food? Then don’t serve it to others.

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Obama views Scalia’s casket “Just to make sure the son of a bitch is really dead.”

Justice Antonin Scalia

Should I ask them to open the damn thing? I still don’t trust the bastard.

Wednesday the White House said the president would not be attending Justice Scalia’s funeral, but could not supply the reason for his refusal, and wouldn’t rule out his golfing during what’s forecast to be a balmy weekend.

On Thursday,  with the president under fire even from (some) liberals, it said that the reason Obumski would be a no-show was that Joe Biden was actually the guy who had some kind of relationship with the conservative judge, so it’d be more appropriate to send him.

Today, it’s been explained that Obama is in such a rush to replace Scalia that he’ll be spending the next 48 hours perusing resumes and simply, gosh darn it, just doesn’t have time to take off for funerals. He did, however, manage a brief appearance (25 minutes) at a memorial service at the court today, for reasons explained above.

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Bidding war in December, closing today

derilct train

3 Juniper Lane

3 Juniper Lane, on the train tracks in Riverside, came on the market back in early December (I was in Maine), priced at $895,000 and was gone in 4 days via bidding war. The winning price, it was reported today, was $1,020,000.

The links are all mostly down now, but it was strictly a land deal: 12,000 + sq. ft. in the R-12 zone, so 3,979 sq.ft. above ground permissible. While I make fun of Juniper’s close location to the tracks (hence the photo), the houses are on the other side of the road from them, so that’s a bit more attractive than those on Militates or Summit, maybe, which have trains s backyard neighbors.

In any event, I’m sure a builder will do well here paying this amount for a building site.

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Greenwich DTC’s Trini Lopez: “I did NOT call my fellow Dems racist pigs”

I didn’t understand Housecat’s comment that even Democrats read this blog until I found this story in Greenwich Time relating to my previous post about the Greenwich Town Committee’s sole candidate for chairman withdrawing his name from nomination.

Lopez upset many of his party colleagues and other community members when he wrote an email to DTC leaders announcing the end of his campaign for chairman, a missive that also blasted Democrats for their alleged indifference to major issues in the town and a lack of diversity in its ranks.

The email lambasted the mostly white DTC for a “sickening lack of diversity” and appearing “not just resistant to diversity, but wholly inoculated from it.”

“I do not believe that anyone in this room is racist,” said Lopez, who is black. “I have seen things where it has been said that Lopez has called the DTC members racist pigs, with pictures of the KKK next to it. That is ridiculous. That is not how I feel. Those people don’t know me, and they don’t know my heart.”

God, I love this stuff.

Now, just to show that I’m a good guy, I’ll drop all further comments on the clear implications of Mr. Lopez’s attack on his peers, and instead show what’s in his heart. Here he is from some years ago, expressing his love for all of God’s creatures even, presumably, fellow Greenwich Democrats:

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(Another) price cut on Pintail Lane

11 Pintail

11 Pintail Lane

11 Pintail has dropped another $200,000, and is now priced at $1.995 million. It started off last spring at $2.850. That’s just about exactly what the Fountain clan has experienced over at our mother’s place, so I am (no longer) making fun of a mispricing like this. Instead, I compliment the owners and their agent for not ditzing around when they discovered that they’d priced it too high. They dropped it $500,000 within three weeks of hitting the market, then took two more price cuts of $200,000 each. That’s what we’ve done too – at this price level, a cut of, say, $75,000 isn’t going to lure back a buyer who’s looked at the place and rejected it. Big cuts can, plus they shorten the time a property sits overpriced on the market.

Will this be, finally, the right price for Pintail? I have no idea, but we’ll find out.

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Yes he’s an idiot but ….

bernie-sanders-rally

While it’s true that I failed at every single job I held in the private sector, and only got off welfare when I found politics, that doesn’t mean I know nothing about running a company or the largest economy in the world – trust me on this.

Maine’s colorful Governor Lepage is in the news again: just a few weeks after complaining that black drug dealers were coming north and impregnating Maine’s “white women” (specifically, he said.

“These are guys with the name D-Money, Smoothie, Shifty – these types of guys – they come from Connecticut and New York, they come up here, they sell their heroin, they go back home,” LePage told a large crowd. “Incidentally, half the time they impregnate a young white girl before they leave, which is a real sad thing because then we have another issue we have to deal with down the road.”), he’s now turned his attention to refugees- he’s against them, and the troubles they bring to our shores.

.   “And what happens is you get hepatitis C, tuberculosis, AIDS, HIV, the ‘ziki fly,’ all these other foreign type of diseases that find a way to our land.”

The Governor has a point about the drug dealers, but his theories on the the diseases refugees bring and indeed, even the existence of a “Ziki fly” are probably not as accurate as those with a passion for scientific accuracy might want. Nonetheless, I was struck by the media’s reaction to this rather irrelevant politician in contrast to their unblinking acceptance of the most errant nonsense spouted by politicians on the left.

For instance, the platform of  Bernie Sanders’ Socialist Party of America makes lots of demands, from “worker-controlled” production to lifetime unemployment benefits to the elimination of banks, insurance companies and all other financial institutions. It wants a cap on incomes no greater than 10X the average American’s salary (Leonardo Dicaprio, are you listening?) elimination of free trade and the cancellation of third world debt.

But wait, there’s more!

• We stand for unconditional disarmament by the United States.
• We call for an immediate 50% cut in the military budget, followed by additional cuts, with the aim of rapidly reducing the military budget to less than 10% of its current level, with the “peace dividend” directed to essential social services and to the cost of cleaning up contaminated military sites.
• We call for the disbanding of NATO and all other aggressive military alliances, and the closing of all overseas bases.
• We call for the U.S. to pay off its debt to the United Nations [done long ago, but never mind], an end to veto power in the UN, and an end to permanent membership on the UN Security Council.
• We call for a constitutional amendment requiring a binding vote of the people on all issues of war or military intervention.
• We support the right of soldiers to form unions to represent their views and interests.

The Socialist Party stands for worker control of industry through the democratic organization of the workplace, for the social ownership of the means of production and distribution

• We support militant, united labor action including hot cargo agreements, and boycotts, factory committees, secondary and sympathy strikes, sit-down strikes, general strikes, and ultimately the expropriation of workplaces. 
• We call for the repeal of …  all so-called “right-to-work” laws.
• We call for the same benefits for part-time workers as for full-time workers.
• We call for a 30 hour work week at no loss of pay, with six weeks annual paid vacation. 

And so on. Which is more ditzy, and more dangerous to our country: a presidential candidate committed to a communist revolution or a backwoods governor who doesn’t know an Italian pasta fro a tsetse fly? Yet Sanders is never confronted with his nonsense, (nor Hillary hers). No one has asked him to explain how a worker-controlled factory will determine production of, say, shoes: quantity, style, sizes, and so forth. No one’s asked what a 90% cut to our military budget would look like, and the consequences. No one’s asked the affect of a 30 hour workweek at 40-hour pay, 10 1/2 months work at 12 months pay would have on the economy. Instead, the media focuses on the circus clowns at the periphery of the ring.

This is no accident.

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NYT: Scalia ends; women, minorities hardest hit

Some blacks see delay in filling the Supreme Court vacancy as racist.

Obviously not one of those articles where ‘read the whole thing” is urged, but a small, early morning amusement.

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