🔴 C.A.R. named as a defendant in seller class action lawsuit | Appraiser Identity Theft
- Appraiser Identity Theft
- C.A.R. named as a defendant in seller class action lawsuit
- Bay Area 10 County Report
- Luxury home of the week
- Willow Glen Listings
- Your Local Housing Market Report https://hmbt.co/bT7qRJ
- Money Smarts Starts Here: https://financiaintelligence.blogspot.com
- Homebuyer Workshop https://event.webinarjam.com/register/6/8oz4kcg
- Find your next home here: https://www.onereal.com/vito-scarnecchia-1
🔴 C.A.R. named as a defendant in seller class action lawsuit | Appraiser Identity Theft
We're talking about a class action lawsuit in California for the California association of Realtors. Appraiser hacked a bunch of people. You need to know about what's going on there. And then we'll talk about Bay Area Luxury and Willow Glenn homes for sale.
If you had an appraisal done, Contact your lender and make sure that you're not one of those people who got hacked. The lender has to hire a third-party unbiased person. It goes through a lottery system. What happened was a couple people went in with somebody else's appraisal license and contact information and
basically fraudulently delivered an appraisal. But what also happened is they have your contact information. You can go to this site and there's a link down here in my copy in the blog. If you need to check a look, that's where you go to file a complaint. Check with your lender first.
Please let everybody know about this. This is important for your identity and credentials, it's in your social security and everything. I just saw this. Make sure you tell everybody, please. Thanks.
I read this earlier. This is a letter from our interim.
from our car president saying that we were named as a defendant, not we, they were named as a defendant in a copycat lawsuit, just like the one that went on in Missouri. And I think there's one in Texas and all these different states, California is now part of this copycat class action lawsuit. If you feel like you've been wrong, please make sure you do talk to a lawyer, but understand that lawyers make the lion's share if for example, let me see if I actually have that I have.
I did the numbers here. So the one in Missouri was 1. 8 billion. And if they actually do get that they're in appeals right now. Let's just assume conservatively that the lawyer takes 20 percent of that 1. 8 million. That's a legacy amount of money. He's never going to have to work again. How much do you get as a plaintiff?
In this particular one, it was 26, 260, 000 plaintiffs. The remainder was 1. 4 billion. So you get a measly fifty-five hundred dollars, so I'm not defending it I think we do need to change the way things are done as a matter of fact.
Changing the Real Estate Industry: A Discussion
I have options for you
I understand that. We're doing a lot of things to change the industry, but doing it in a punitive way hurts a lot of people and it only makes one person really wealthy. So just be careful of that. I'm not saying don't be part of that class action lawsuit. I can't tell you otherwise.
I keep myself below the radar. When we give options to a seller, we present the options. And I always say this is the best way to get your house sold. But when you're and come to me, I give you options of selling it. I'll get it on the market today. Or if you need repairs, we can help you with that.
Or if you want a full turnkey, we can do that too. So I give you tons of options. Obviously, you're going to have to pay them somehow, some way. There are a lot of undiscovered countries that we don't know how to work with right now.
Nothing's really going to change somehow, some way you're going to have to pay the buyer's agent. You can say, I'm only gonna pay 'em 1% you can go 2%, two-point half percent, 3%. There's a marketing reason why you would want to pay them more
Yeah, so if you're interested in selling or understanding how I give you options to list your house It's because I've been doing this for years We give you options. We allow you to figure out how to best present and represent your house and you make the decision. There's your negotiation.
The Monday luxury house of the week. Let's get this going here. This is 217 Atherton. It's listed for a measly 23. 5 million, with five bedrooms, six full baths, two half baths, and 7, 800 square feet. This gargantuan beauty looks at this thing. It's just gorgeous. I think this is Cape Cod or colonial but it's just been designed completely.
Every nook and cranny in this house. It's just beautiful Beautifully styled beautifully designed just gorgeous get a little loft up there to do your homework That's just awesome. Look at the bathtub tray ceiling Beautiful house. If you want to look more into it, go down to the links below and you can take a look at it anytime you want.
Willow Glen house of the week is Tara Bella. Look at this cute little house.
It looks like it has maybe an ADU back there. Oh, it's a pergola. That is nice. Wow, that is just a first-class pergola. Look at that. Just pure entertainment. Get out of the sun. You could probably watch TV. There's a heater back there. So you have cool nights, especially now. You have fans. I love my pergola.
I love it. I'll sit out there in the dead of summer, under the shade. and just work. It's just beautiful. Okay, let's look inside this house. I probably wouldn't have started with the dining room, maybe the kitchen. Look at that. It's gorgeous. Viking range.
So the big difference is location, right? Los Altos versus Willow Glen. San Jose. San Jose is always going to struggle with houses over 2 million because we have a new law in place that you have to pay more transfer tax now whereas other cities don't do that. It's a five-bedroom, four-bath, 5900 square feet on Almost a quarter acre lot, very well manicured.
And it's right down the street from Lincoln, but this is where. Main Street is right here. If you can see that so you're still walking distance, but I'll definitely lose your buzz if you're walking Okay, there you go.
Monday 10 County Report: Market Analysis
Bay Area 10 County Report
We need to go to the Monday 10 county report, I've added a few calls and a couple columns just to show just to show numbers right because We're talking about a supply shortage right now in Santa Clara County.
We only have 545 houses for sale right now, 545 it should be 1, 700 to be a balanced market. That's why prices are continuing to go up. We have a sales price to list price ratio of almost 3 percent over the list price. We're down 5 percent from last year and Santa Clara has 500 million closed so far year to date after four weeks in the market and out of the Bay Area where the highest volume market is still the highest volume County as far as closings are concerned now where you can get your best buy is always going to be Napa and Solano.
And Sonoma is still not a lot to look at. There are 600 houses here to look at houses are still selling for almost 2 percent over the list price. So your best buy right now is Santa Cruz, your best buy is actually San Mateo, if you can afford it. Contra Costa, which is above the Delta, 86, 87%. And you're looking at about a million dollars versus 2 our average was. Just over 2 million last year.
There you go. We have 1177 closed so far year to date.
That's the number of active. There you go. And 357 closed this last week. 357 versus almost 500 last week. Versus 339 the week before. Supply is short.
Inventory Shortage: A Current Market Challenge
On Thursdays, we look through the inventory of each city. And what we saw was inventory popped up just a little bit, but it's nowhere where we need to be. Again, it's nothing to be worried about because January is a cold month.
Typically we don't have a lot of listings. It's a great time to sell. It's a great time to buy because there's not a lot of buyers out there. So just keep that in mind.
Conclusion: Recap and Final Thoughts
Today, we talked about appraiser identity theft, a car named as a defendant's class action lawsuit. Luxury house of the week and Willow Glen house of the week and inventory short inventories low.
We need more listings. That's it. Make it a good week. I'm Vito with Albitano. We'll see you out there.
Fraud on the rise http://blog.abitano.com/2023/08/title-theft-is-on-rise-what-is-it-how.html
Your Local Housing Market Report https://hmbt.co/bT7qRJ
Money Smarts Starts Here: https://financiaintelligence.blogspot.com
Homebuyer Workshop https://event.webinarjam.com/register/6/8oz4kcg
Find your next home here: https://www.onereal.com/vito-scarnecchia-1
Important Real Estate Updates: Appraiser Identity Theft, Class Action Lawsuit, and Luxury Real Estate Spotlight
This video discusses the latest developments in the California real estate arena with updates on the appraiser identity theft case that impacted many Californians, and the class action lawsuit affecting the California Association of Realtors. It also provides crucial tips on what individuals can do if they think they might be victims of identity theft. Furthermore, the presenter reviews the week's luxury and Willow Glenn homes for sale, emphasizing the gorgeous and unique features of the chosen properties. The video concludes with updates on real estate listing shortages, encouraging viewers to consider buying and selling in the current market climate.
00:00 Appraiser Identity Theft: What You Need to Know
01:20 Class Action Lawsuit Against California Association of Realtors
02:19 Understanding the Real Estate Industry and Your Options
03:40 Luxury House of the Week: A Look at 217 Atherton
04:28 Willow Glen House of the Week: Exploring Tara Bella
05:43 The Monday 10 County Report: Real Estate Market Analysis
07:52 Conclusion: Recap and Final Thoughts
Title: C.A.R. named as a defendant in seller class action lawsuit | Appraiser Identity Theft
In this blog post, we will be discussing a class action lawsuit in California involving the California Association of Realtors (C.A.R.), appraiser identity theft, and provide information about Bay Area Luxury and Willow Glen homes for sale. It is important to stay informed about these issues and take necessary precautions to protect your identity and credentials.
Appraiser Identity Theft:
One of the most crucial topics we need to address is appraiser identity theft. Recently, there have been cases where appraisers have hacked into systems, compromising the personal information of numerous individuals. If you have had an appraisal done, it is essential to reach out to your lender and confirm that your information has not been compromised. Lenders are required to hire independent third parties through a lottery system to maintain an unbiased appraisal process. Unfortunately, there have been instances where individuals fraudulently used someone else's appraisal license and contact information to deliver appraisals. This not only compromises the appraisal process but also exposes your contact information. If you suspect any wrongdoing, it is recommended to file a complaint through the provided link and consult with your lawyer. Spread awareness about this issue as it impacts your identity and security.
C.A.R.'s Involvement in a Class Action Lawsuit:
In the letter addressed by the interim president of C.A.R., it was stated that the association has been named as a defendant in a copycat class action lawsuit, similar to the ones that have occurred in Missouri, Texas, and several other states. If you believe that you have been wronged, it is advisable to seek legal counsel. However, it is important to be aware that in such cases, the majority of the settlement goes to the lawyers rather than the plaintiffs. For example, in the Missouri lawsuit, which had a settlement of 1.8 billion dollars, even if the lawyers received a conservative 20 percent, they would still receive a substantial amount. On the other hand, the remaining amount, divided among the 26,260,000 plaintiffs, results in a meager sum of approximately fifty-five hundred dollars per plaintiff. This calls for a reevaluation of the current system, as it primarily benefits the lawyers and makes only one individual wealthy. While I am not discouraging you from participating in the class action lawsuit, it is crucial to understand the dynamics involved.
Options for Sellers:
As we navigate through the intricacies of the real estate industry, it is important to understand the options available to sellers. When you approach us to list your house, we provide you with a range of options tailored to your specific needs. Whether you want to sell your house quickly, need repairs before listing, or prefer a full turnkey service, we offer various alternatives. However, it is essential to acknowledge that there are costs associated with these options. While we are working to change industry practices, it is important to understand that certain aspects, such as paying the buyer's agent, will remain unchanged. The marketing reasons behind varying commission rates should also be taken into consideration. We aim to provide you with the necessary information and empower you to make the best decision for the sale of your house.
Bay Area Luxury and Willow Glen Homes:
In this blog post, we also showcase two exceptional properties in the Bay Area: 217 Atherton and Tara Bella. Starting with 217 Atherton, this luxurious property offers five bedrooms, six full baths, two half baths, and spans over 7,800 square feet. The attention to detail in this Cape Cod or Colonial-style house is awe-inspiring. From the intricate design to the beautiful bathtub and tray ceiling, every aspect has been meticulously crafted. If you wish to explore this property further, please refer to the links provided in the blog.
Moving on to Willow Glen, we present Tara Bella, a charming house with a stunning pergola. This pergola adds to the entertainment value of the property, providing shade and a relaxing space to escape the sun. The house features five bedrooms, four baths, and a generous 5,900 square feet of living space. The location of this house is near the main street, offering convenient access to amenities. If you are interested in this delightful property, you can find additional information in the provided links.
As we delve into the housing market, it is important to consider the supply and demand dynamics in various countries. In Santa Clara County, homes for sale are currently in short supply, with only 545 houses available. To achieve a balanced market, there should be around 1,700 listings. As a result, prices continue to rise, with properties often selling for nearly 3 percent over the list price. Santa Clara County remains the highest volume market in the Bay Area, with 500 million dollars closed so far this year.
For those seeking the best deals, Santa Cruz, San Mateo, and Contra Costa offer attractive options. Santa Cruz exemplifies a buyer's market, with reasonable prices and homes selling for close to the list price. San Mateo, though more expensive, provides high-quality properties for those who can afford them. Contra Costa, located above the Delta, also presents great value with an average price of around one million dollars, compared to over two million dollars last year.
In conclusion, this blog post has covered important topics such as appraiser identity theft and C.A.R.'s involvement in a class action lawsuit. We have also highlighted two remarkable properties in the Bay Area: 217 Atherton and Tara Bella. Additionally, we provided an overview of the housing market, emphasizing the shortage of inventory and its impact on prices. Stay informed, make informed decisions, and remember that we are here to assist you in navigating the real estate landscape. Make it a great week, and we look forward to serving you!
- Vito with Albitano
1. Post Option 1:
"🚨 Important Alert 🚨 Appraiser Identity Theft is on the rise in California! If you've had an appraisal done recently, make sure your information is safe. Contact your lender and take the necessary precautions to protect your identity. #AppraiserIdentityTheft #CaliforniaClassActionLawsuit"
2. Post Option 2:
"🔴 Attention Sellers in California! 📢 C.A.R. has been named as a defendant in a class-action lawsuit. Are you affected? Consult a lawyer to know your options. Let's stand up for seller's rights! #CaliforniaRealEstate #ClassActionLawsuit"
3. Post Option 3:
"🏠 Looking for luxury homes in the Bay Area? 🌉 Check out these beautiful properties in Willow Glen! Don't miss the opportunity to own your dream house in this sought-after location. #BayAreaLuxury #WillowGlenHomes"
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