In a message dated 12/10/2006 10:12:00 PM Central Standard Time, jfogal281 writes:
Real Estate Auction
SALE ID 5694-23
3311 YUPON ST APT 419
Houston, TX 77006
N of Hermann Park. 1BR 1BA 1,025sf+- condo. Built 2003. Tremont Tower subdivision.
Sells: 11:30am Fri, Dec 15th
Inspection: 1-4pm Sun. Dec. 3rd & 10th and 2 hrs prior to sale.
Opening bid: $50,000
Williams & Williams and the Seller expressly disclaim any liability for errors, omissions or changes regarding any information provided for these sales. Potential purchasers are strongly urged to rely solely upon their own inspections and opinions in preparing to purchase property and are expressly advised to not rely on any representations made by the seller or their agents.
In a message dated 12/10/2006 8:35:44 PM Central Standard Time, jfogal281 writes:
Look at the appraisals on these properties still with the appraisal district and the listings with relators and then look at this opening bid.$50,000.....just a bit of a discrepancy. This unit is appraised at $316,000. Something is terrible wrong? I though an appraised value was what something was worth or it's value..what it would sell for?
The strange, orange, structure, Tremont Tower, and its 76, almost empty units silently stand ... waiting for it's next humiliation. It is now up for auction, the finally indignity. After three years of problems, it is as if it has finally given up. Sadly, it was not the building's fault. And there is enough blame to go around. The General Partners: Tom Thibodeau, Jorge Casimiro and Armad Al Bana continue to prove their incompetence, while bragging of their 67 years of combined expertise,
You need go no further than three blocks, to see another of their fiasco's.
Hyde Park Crescent the upscale, luxury town houses starting at a mere $350,000 thousand. Thirty-seven of these 44 homes are defective. This has been testified too by Mr. Casimiro and Mr. Thibodeau in sworn statements, where they sued the roofer and subcontractors. Admitting in hardcopy and on video, not only were units defective ... but they knew it and sold them with no disclosure.
Mr. Casimiro goes on to state the 37 units had defective roofs, that lead to water intrusion into the electrical systems, the walls, ruined studs, plumbing, floorings, both hardwood and carpet. Auctions were a common occurrence there too ... along with monumental repairs... paid for by the homeowners, bankruptcies and foreclosures. Some still stand empty, some have for over two years. There are scores of families tied up in court battles and others hung out to dry by the arbitration clauses stuck in the new home contracts.
The same group was fired by the city of Bunkerhill after they were 7 months behind on the police station and had $120,000 dollars worth of mold damage. Houston Chronicle (2/14/02 Kim Canon)
They have been thrown out of the better business bureau, and used on the cover of the BBB bulletin as a prime example of example of bad business. They received the dubious honor of Contractors from Hell, in People Magazine and they were the subject of a seven page expose in Mother Jones Magazine.
Yet ,they continue to build with the blessings and protection of the city council, city inspectors, the courts. the DA, the Attorney General, the TRCC and the legislature.
No one seems to care. We have "the builders protection plan"here in Texas. Bob Perry funds it. paid lobbyists protect it and everyone cows down, and turns a blind eye... while builders run amuck thowing up 90 day wonder housing that will never last the term of the home buyers mortgage. The historical society won't have to fight for these houses they won't be around in a hundred years.
Our thanks, to the once sovereign Texas for all the consumer protection.
Homeless in Houston