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Real Estate is so hot in SoWal
- Thread starter Kurt
- Start date
Smiling JOe
SoWal Expert
Yep, I received one too. The company is registered in FL, but some of the officers are in CA. There is so much more money in CA. I know of developers that have gone to CA to get investers to buy here, because of the "cheap" prices. That is exaxtly what these guys are doing, but I guarantee you that these guys are looking for distressed properties. I am sending my letter back and requesting more info. on what they will give me for my property. I'll post again if they get back in touch with me.
RiverOtter
got any pics?
Smiling JOe said:
mmmmm :? Wonder if this could be waterman :mrgreen:
Kurt
Admin
Smiling JOe said:
Yeah I suppose they have to be registered in Fla.
Mine has a space at the bottom to fill in and send back in included envelope. In the space where it asks how much i want i think I'll double the value and send it back.
You're right I'm sure there looking for the 1 in 1000 that needs cash and has no idea of the value of their property.
RiverOtter
got any pics?
Waterman said:
Just funnin with ya :mrgreen: Would be interesting if you could find anything out. 8)
Smiling JOe
SoWal Expert
NRLL
ONE MAUCHLY
IRVINE CA 92618
Registered Agent of NRLL is:
FRIEDEN, JEFFREY
2630 BOBCAT VILLAGE CENTER ROAD #B
NORTH PORT FL 34286
Managers of NRLL are:
FRIEDMAN, ROBERT
9 GOODYEAR
IRVINE CA 92618
and
FRIEDEN, JEFFREY
9 GOODYEAR
IRVINE CA 92618
Is that what you are looking for?
I think we all should write to them and tell them we want 10x the current value, CASH, close in 30 days, no contingencies.
(Kurt, be careful asking for double the price. It may be a deal for the buyer...lol)
ONE MAUCHLY
IRVINE CA 92618
Registered Agent of NRLL is:
FRIEDEN, JEFFREY
2630 BOBCAT VILLAGE CENTER ROAD #B
NORTH PORT FL 34286
Managers of NRLL are:
FRIEDMAN, ROBERT
9 GOODYEAR
IRVINE CA 92618
and
FRIEDEN, JEFFREY
9 GOODYEAR
IRVINE CA 92618
Is that what you are looking for?
I think we all should write to them and tell them we want 10x the current value, CASH, close in 30 days, no contingencies.
(Kurt, be careful asking for double the price. It may be a deal for the buyer...lol)
Joe Complete
Beach Lover
Watch Out, they might be scammers...
Found this article online....
Buyer beware
Land that looks good on paper may be fraught with problems after purchase
By Brian Melley Associated Press
TERMO -- Norma and Mark Bernert couldn't afford to buy a piece of property in the San Francisco Bay area so they decided to enter the real estate market, sight unseen, in a subdivision hundreds of miles from home for a few thousand dollars.
It turned out to be their worst investment.
At an auction, the Bernerts bought in Moon Valley Ranch, one of the nation's so-called "antiquated subdivisions' that predate modern zoning, many lacking sewer, water and power and located in the middle of nowhere.
Sales thrive in these places where grandfather clauses allow purchase "as-is' and buyers are left to sort out the problems later.
Buyers in Moon Valley Ranch "get ripped off pretty well,' said Joe Bertotti, assistant director of Lassen County's community development department.
One company pitching lots in Moon Valley is online land marketer LandAuction.com , run by Robert Friedman and Jeffrey Frieden, entrepreneurs from Irvine.
LandAuction.com , also known as NRLL, lists properties in aging and forgotten developments: Concho Lakeland in Apache County, Ariz.; Hawaiian Ocean View Estates on the island of Hawaii; Shelter Cove in Humboldt County; and Deming Ranchettes in Luna County, N.M., to name a few.
Although the company has sold land for years in Moon Valley, Friedman said he's never been there.
"LandAuction.com deals in inexpensive land,' he said. "You cannot use a broad brush to say that these are in a flood plain or a flood zone or what have you. A lot of the properties you're talking about I'm sure are very nice properties.'
For years, local officials worried little about raw land sales that let counties fill tax coffers without having to provide services to absentee owners. "Government saw these things as cash cows in the beginning,' said Frank Schnidman, a Florida lawyer who has written about antiquated subdivision problems.
If buyers try to move into these poorly planned developments, they tax resources, overwhelm sewage systems and roads. In many instances, they simply stop paying taxes and eventually lose the land in a county tax auction.
At Moon Valley Ranch, the land is about as stark as the moon. Barren high desert stretches out for miles at California's untamed eastern edge where faded wooden street signs point down rutted paths. Amid junked cars and the rotting husks of former dwellings, a few homesteads stick out on the dusty plain. Located nearly 60 miles from Susanville, the subdivision has no power, sewer or city water supply.
Taxes are delinquent on 20 percent to 30 percent of the Moon Valley parcels, said Richard Egan, the county tax collector. Countywide, the delinquency rate is 3 percent.
In the days when the tax sale was held on the county courthouse steps, only a handful of bidders showed up. With tax sales on the Internet, the price of land has increased and people as far away as Florida and New York are bidding.
Norma Bernert acknowledged she and her husband didn't do their homework.
"It just seemed like something to start with,' she said of the 20-acre lot they bought from NRLL for $4,750 in 1999. With interest, they paid a total of $5,608.
They thought they would have a place to get away. But much land in Moon Valley is in a flood plain, and after Mark Bernert made the 370-mile journey, he found himself driving through heavy spring muck, his wife said.
In 2003, the couple tried to sell the land but found there was no local market for it. No real estate agent would list it.
Finally, an agent said he knew of a company that might buy it for a reduced price: NRLL. "I said, 'Wait a minute,' Norma Bernert said.
In the end, they sold it back for $2,500.
Found this article online....
Buyer beware
Land that looks good on paper may be fraught with problems after purchase
By Brian Melley Associated Press
TERMO -- Norma and Mark Bernert couldn't afford to buy a piece of property in the San Francisco Bay area so they decided to enter the real estate market, sight unseen, in a subdivision hundreds of miles from home for a few thousand dollars.
It turned out to be their worst investment.
At an auction, the Bernerts bought in Moon Valley Ranch, one of the nation's so-called "antiquated subdivisions' that predate modern zoning, many lacking sewer, water and power and located in the middle of nowhere.
Sales thrive in these places where grandfather clauses allow purchase "as-is' and buyers are left to sort out the problems later.
Buyers in Moon Valley Ranch "get ripped off pretty well,' said Joe Bertotti, assistant director of Lassen County's community development department.
One company pitching lots in Moon Valley is online land marketer LandAuction.com , run by Robert Friedman and Jeffrey Frieden, entrepreneurs from Irvine.
LandAuction.com , also known as NRLL, lists properties in aging and forgotten developments: Concho Lakeland in Apache County, Ariz.; Hawaiian Ocean View Estates on the island of Hawaii; Shelter Cove in Humboldt County; and Deming Ranchettes in Luna County, N.M., to name a few.
Although the company has sold land for years in Moon Valley, Friedman said he's never been there.
"LandAuction.com deals in inexpensive land,' he said. "You cannot use a broad brush to say that these are in a flood plain or a flood zone or what have you. A lot of the properties you're talking about I'm sure are very nice properties.'
For years, local officials worried little about raw land sales that let counties fill tax coffers without having to provide services to absentee owners. "Government saw these things as cash cows in the beginning,' said Frank Schnidman, a Florida lawyer who has written about antiquated subdivision problems.
If buyers try to move into these poorly planned developments, they tax resources, overwhelm sewage systems and roads. In many instances, they simply stop paying taxes and eventually lose the land in a county tax auction.
At Moon Valley Ranch, the land is about as stark as the moon. Barren high desert stretches out for miles at California's untamed eastern edge where faded wooden street signs point down rutted paths. Amid junked cars and the rotting husks of former dwellings, a few homesteads stick out on the dusty plain. Located nearly 60 miles from Susanville, the subdivision has no power, sewer or city water supply.
Taxes are delinquent on 20 percent to 30 percent of the Moon Valley parcels, said Richard Egan, the county tax collector. Countywide, the delinquency rate is 3 percent.
In the days when the tax sale was held on the county courthouse steps, only a handful of bidders showed up. With tax sales on the Internet, the price of land has increased and people as far away as Florida and New York are bidding.
Norma Bernert acknowledged she and her husband didn't do their homework.
"It just seemed like something to start with,' she said of the 20-acre lot they bought from NRLL for $4,750 in 1999. With interest, they paid a total of $5,608.
They thought they would have a place to get away. But much land in Moon Valley is in a flood plain, and after Mark Bernert made the 370-mile journey, he found himself driving through heavy spring muck, his wife said.
In 2003, the couple tried to sell the land but found there was no local market for it. No real estate agent would list it.
Finally, an agent said he knew of a company that might buy it for a reduced price: NRLL. "I said, 'Wait a minute,' Norma Bernert said.
In the end, they sold it back for $2,500.