local realtor may have stolen property from mentally disabled man

[bearishgurl]

[quote=CA renter]Okay, I’m going to retract my statement about it being *very* shady. After looking at the condition of the house (via the internet), and comparing it to the comps, this would be an exceptionally good deal, and might not warrant *very shady.*

However, the fact that this house was not put on the open market leads me to believe that the trustee of the estate did not do his/her job. Everyone knows that the best price is achieved by opening up the market to the greatest possible number of potential buyers. If the son is disabled enough to live in a group home, he’s not capable of making the decisions for the estate, and I’m sure his parents would have wanted to maximize whatever the estate could get for the home in order to care for their son. Because of that alone, this looks unethical, to say the least. It warrants some more attention.

An afterthought…maybe the neighbors were such good friends that they are trying to help this son by flipping the house for the highest possible price and then giving him the net profits. It’s a long shot, but at least it’s a possibility. Just trying to think of the different angles.[/quote]

It is possible that the disabled former resident is a brother or nephew of Victor Gilbert Olson. You would have to order the probate docs to see what kind of provisions were made for the disabled son and that would be expensive. Since Hatfield is only about seven miles away, he could go view them at the Madge Bradley Bldg, 1409 Fourth Ave SD 92101.

****

And yes, CAR … JOE and JANE are on my desk, front and center. Since I finished my work, I’ve had to spend 65 hours cleaning my home inside and out … long story. My people are due in tomorrow and Christmas Day but are leaving before New Years, at which time, I expect to address Joe and Jane’s situation. Thank you for your patience.

[bearishgurl]

[quote=CA renter]Thanks, Brian!

Through my searches, I had come up with 4591 Orchard Ave. Forgot that Hatfield had mentioned that this was the next-door neighbor.

Even if the house was bought decades ago, don’t you think that an $80,000 valuation seems WAY below value, even if the assessment had just gone up by 2% each year? I’ve seen a lot of houses that were purchased way back when (including my MIL’s house that was purchased by her parents), but have not seen a valuation that low for a home in an area like this. They also updated the owner’s name, so I’m wondering why the amount doesn’t match up. And the sale price of $480K looks VERY shady.

Either way, I think Hatfield is on to something here. I’m glad he’s decided to look into it further. I will do whatever I can to help, too.[/quote]

I’ve viewed dozens of grant deeds on microfilm of parcels in 92106 (Roseville) and 92107 (Hill St/upper OB), some with 270 degree views, in which the tax stamps revealed that the property sold for $40-44K between 1970 and 1974. It was not uncommon at all.

[CA renter]

Thanks for doing the research on this, BG. That is definitely your forte!

Still deserves a closer look, IMO. The home was sold for below market value. In a case like this, it doesn’t matter if the neighbor was in the right place at the right time; the trustee has an obligation to get the highest price for the estate. I’ve been the trustee/executor of a couple of estates/trusts, and can assure you that I would never sell something without putting it on the open market for a sufficient enough time to attract the highest price. A trustee can be sued for that. In this particular case, if the only beneficiary is the disabled son, the trustee might feel emboldened to do things that aren’t in the best interests of the beneficiary.

[Hatfield]

[quote=bearishgurl]It appears that the “sales” data (parcel transfer transactions) for the last two years has been removed from the assessor’s new system so I cannot corroborate Hatfield’s purported sales price. If anyone can find it, let us know.[/quote]

Actually, the sales data was the only thing I was able to pull up on my own. I can’t figure out how to make a deep link to it, but you can go to https://arcc.sdcounty.ca.gov/Pages/Property-Sales.aspx and type in either the APN or the Street Address, you can see the $480k sales price yourself.

As others have mentioned, there are a LOT of properties in OB with comically low assessed values. I think houses here were cheeeeeep in the 60s and 70s, and my guess is that this property had been in the family for a long time until the recent sale.

As for whether I want justice or revenge, I’m not sure how to answer that. When I first heard about the sales price my first reaction was “shit, I would have bought that property for that price.” But then when I heard the particulars I felt rather sickened. If in fact the benefactor of the estate is disabled, I would like to see him made whole, and if in fact the neighbors took advantage of his situation, there should be consequences for that.

Sorry, I just got in and it’s late, and I was only able to skim the thread before heading to bed. I’ll give it a deeper read in the morning Thank you all for your remarkable research.

[Anonymous]

There’s no better way to enjoy the Holiday season than a little stalking in the company of friends.

[FlyerInHi]

That’s called gossip that people partake in at church or on the townsquare. Public records are public so people can look and talk.

[FlyerInHi]

CAr, the document date on the tax bill is 2010. So I’m assuming probate was that year. Then in 2014, the house was sold to the current owner.

[Author]

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