People make many choices in life both good and bad. Some people are traveling the highway to hell, some to heaven, and most have no clue where they are going one day to the next. In the aftermath of the housing bubble, many people find themselves caught up in morally ambiguous situations. People who continue to occupy real estate they have no equity in and do not pay for are not breaking any laws, and they are receiving a significant reward for their behavior. That doesn't make it right.
The couple that is the focus of today's featured article are also occupying real estate they don't own and aren't paying for. Rather than being rewarded, these people are going to jail. Is there really much difference between them and the multitudes of delinquent borrowers?
UPLAND - A couple living in a five-bedroom home on North Euclid Avenue were arrested Tuesday after investigators suspected an illegal case of squatting on the upscale property.
Richard and Pamela Scott were arrested by Upland police on suspicion of felony forgery, burglary and filing a false document with the county recorder's office.
Richard Scott allegedly had forged a deed trust document for the property, in which he claimed ownership of it, and filed the document with the county, said Vance Welch, a deputy district attorney with the San Bernardino County District's Attorney's real estate fraud unit.
Scott had tried to cloud up the title owner sequence for the property by indicating on the deed that he was renting the home to the Moorish Science Temple of America, and they were in turn granting it back to him, Welch said.
At least this joker was wise enough to get the chain of title correct. The vagrant in Montana was so stupid that he put Yahweh as the grantor.
The clever twist this guy put on it was to put the title in some entity he controlled and he merely signed a lease. It distances him from the crime and when the real foreclosure occurs, he can cloud title and claim his bogus lease is valid. Fortunately, the San Bernardino County District Attorney is smart enough to see through this charade.
"What Mr. Scott did was doctor a false document and he had it notarized and he filed it in the County of San Bernardino," Welch said. "At that point, your victim is not (only) the person who owns the house. The victim is the county because it impedes the county's record-keeping ability."
At this point is crime is small, but if he had gotten away with it for a time, he may have tried to sell the house. The transaction might have gone through because the title looks correct. If a new owner is involved and the criminal is long gone with the sales proceeds, then it is a big crime that hurts many people.
Police officers, who arrived with an arrest warrant Tuesday morning, had trouble getting the couple to open the door so they forced it open.
Richard Scott had run to the back of the house, but police were stationed behind it.
The Scotts are expected to be arraigned today in San Bernardino Superior Court, with a pre-preliminary hearing likely to be set later this month.
"I don't know that we've been involved in prosecutions of this nature in the past, however, I think this is an upcoming problem, not just in our community, but all communities with the foreclosures going on," Upland police Sgt. Greg Signorio said. "There are stories of this happening in other places."
Shortly after the arrest, Carolyn Spencer, a Realtor tasked with being responsible for the home for Wells Fargo, and contractors were busy boarding up the front door and securing windows inside the home.
The couple had lived in the home, located on the southwest corner of 23rd Street and Euclid, for the past month and had completely furnished it, Spencer said. The couple had apparently been living with their children.
A family that squats together stays together?
The home's previous owner had moved out in December after Wells Fargo had foreclosed on the home last fall.
Spencer found out about the couple when she went to check on the property last month and found a moving van at the front of the home.
"This guy was in a moving van and he jumps out of the van and he says `Get off of my property. I'm gonna have you arrested,"' Spencer said. "He was in my face, and I was really shaken."
What a loser. This guy tries to intimidate the realtor when she goes up to the property. I know a guy in Las Vegas i can send over... just kidding.
The bank was about to initiate repairs to the home before putting it back on the market sometime later this spring, Spencer said.
Welch said Scott has prior felonies for forgery and firearms possession. Welch said he is on probation for prior crimes and would likely stay in custody longer than his wife, who has no prior record.
Welch said he wants potential squatters to know that similar instances won't be tolerated in San Bernardino County. The prosecutor hopes other police departments in the region take a more active role in investigating similar instances in their own communities and thanked the Upland Police Department and Upland Detective Anthony Wilson for taking the case on.
"Any police department that doesn't take an active role in trying to stop this is not doing what they should be doing," Welch said. "The thing that we have learned is, if you let these guys operate and start looking the other way, it will pop up like a rash."
It is spreading like a rash. Most people squatting in homes they aren't paying for have no contact with the bank. The bank often does not know if the delinquent borrower occupies the property or if a traditional squatter has taken up residence. Given those circumstances, it isn't surprising that squatters are popping up everywhere shadow inventory is leaving many homes vacant and off the market.
Boom, bust, bear rally
Today's featured property has all the features of the housing bubble. One owner bought in 2001 and sold in 2006 for a huge windfall. The next owner went belly up. The third owner is the bear rally buyer trying to sell today.
The owner who paid $302,000 on 9/25/2001 later sold to the peak buyer for $545,000 on 11/22/2006. The first owner had the property just over 5 years and made $243,000 minus fees and expenses. Even renting it for minor negative cashflow, the appreciation alone probably netted this guy $200,000 -- which is also why the bust buyer played Ponzi. Unfortunately, the music stopped before he could get his five-year ride.
Don't buy if you might need to move
There is a reason people who might need to move in the next three to five years may want to rethink their purchase. With an unstable market and real estate commissions, there is no guarantee you will get out with your down payment.
The people selling today's featured property paid $485,000 using a $388,000 first mortgage and a $97,000 down payment. Early this year they refinanced with a $378,000 first mortgage. They have paid down their mortgage so far which would ordinarily earn them an A on my HELOC abuse grading system. However, they refinanced with a 5-year ARM at the bottom of the interest rate cycle. When they have to refinance in five years, the cost of money will likely be higher. Plus, this discipline may have been forced on them by a lender and a low appraisal.
Home Purchase Price … $485,000 Home Purchase Date .... 1/26/09
Net Gain (Loss) .......... $(38,594) Percent Change .......... -8.0% Annual Appreciation … -1.0%
Cost of Ownership ------------------------------------------------- $474,900 .......... Asking Price $16,622 .......... 3.5% Down FHA Financing 5.02% ............... Mortgage Interest Rate $458,279 .......... 30-Year Mortgage $98,557 .......... Income Requirement
$2,466 .......... Monthly Mortgage Payment
$412 .......... Property Tax $0 .......... Special Taxes and Levies (Mello Roos) $79 .......... Homeowners Insurance $190 .......... Homeowners Association Fees ============================================ $3,146 .......... Monthly Cash Outlays
-$408 .......... Tax Savings (% of Interest and Property Tax) -$549 .......... Equity Hidden in Payment $33 .......... Lost Income to Down Payment (net of taxes) $59 .......... Maintenance and Replacement Reserves ============================================ $2,282 .......... Monthly Cost of Ownership
Cash Acquisition Demands ------------------------------------------------------------------------------ $4,749 .......... Furnishing and Move In @1% $4,749 .......... Closing Costs @1% $4,583 ............ Interest Points @1% of Loan $16,622 .......... Down Payment ============================================ $30,702 .......... Total Cash Costs $34,900 ............ Emergency Cash Reserves ============================================ $65,602 .......... Total Savings Needed
Property Details for 9 OLYMPIA Irvine, CA 92604 ------------------------------------------------------------------------------ Beds: 3 Baths: 3 Sq. Ft.: 1619 $293/SF Lot Size: - Property Type: Residential, Condominium, Townhouse Style: Two Level View: Trees/Woods Year Built: 1977 Community: El Camino Real County: Orange MLS#: S646753 Source: SoCalMLS Status: Pending ------------------------------------------------------------------------------ Capturing the best that is Irvine, this wonderful home offers an ideal environment in which to raise a family. Encompassing three bedrooms and two-and-one-half bathrooms in just over 1,600 square feet, one will find elegant hardwood flooring, a spacious kitchen, romantic fireplace in the inviting living room, and energy-efficient dual-pane windows. A formal dining room along with an enclosed private patio, central air conditioning and an attached 2-car garage help complete this lovely home. You're just a short stroll to the pool and playgrounds, with close proximity to the huge Heritage Park that features tennis, softball, basketball, volleyball, a relaxing pond, and the huge library and Community & Arts Center. Enjoy the excitement that the world-famous William Woollett Aquatic Center brings, with its Olympic-size swimming pool and world-class events. Come and enjoy living in one of the safest cities in America - and a school district that is recognized as one of the best in the U. S.
Thank you for reading the Irvine Housing Blog.
Astutely observing the housing market and combating California Kool-Aid since 2006.
Florida Mortgage Update for the Week of February 14, 2011
2011-02-14 08:47:50-05 According to Freddie Mac, mortgage rates made their largest 1-week jump in more than a year last week, tacking on 0.24 percent and bringing the average national 30-year fixed mortgage rate up to 5.05%. In some markets, rates are even higher. Related posts:
Home Builders Report Higher Sales Levels In January
2011-02-16 08:47:48-05 Homebuilder confidence in the market for newly-built, single family homes appears stable as the spring buying season gets underway. Related posts:
Single-Family Housing Starts Fell In January, Despite What The Headlines May Have Told You
2011-02-17 08:48:09-05 Annualized Single-Family Housing Starts dropped 1 percent in January to 413,000 units nationwide, it's lowest reading almost 2 years. The headlines would have you believe otherwise. Related posts:
New Home Sales Crater In January, Opening The Door For Deals With Builders
2011-02-25 08:48:02-05 In its monthly New Home Sales release, the U.S. Department of Commerce showed a 13 percent drop-off in annualized new construction sales between the months of December and January. It's the biggest one-month drop in New Home Sales since May 2010. Related posts:
Yahoo! MyBlogLog to be Discontinued (Just to clarify the title, I'm not saying Yahoo that MyBlogLog is going away either...)
They'll come and they'll go. Some will stay, others just won't stand the test of time. The announcement that MyBlogLog will be discontinued came as a surprise to me this morning. For those not familiar with MyBlogLog, it's a social network for the blogger community that is based in part on interactions facilitated by a popular web widget that some members install on their blogs. Bloggers sign up for free accounts on MyBlogLog and can initiate a blog community for one or more blogs they author.
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If you're using MyBlogLog, looks like you will too.
"Build your castles and mansions on people and relationships, they are the strongest foundations on earth." May this blog be just one more planted seed of wisdom that helps you or your business blossom today!
Will realtors ever stop lying to us? Apparently, they thought it best to show a market with robust sales even though the reality was low sales. Starting in 2007, just as sales volumes were plummeting because prices were high and qualifying buyers were scarce, the National Association of realtors revised their methodology in a way that overstated sales significantly over the last 4 years. In others words, if you thought sales rates were tolerably low, you were deceived by as much as 20% by the NAr.
This lie was completely self serving. The NAr wanted to dupe buyers into thinking the market was stable to induce transactions that never would have gone through if buyers had known the truth. Many of those buyers in 2007 and 2008 are now underwater, and with the double dip, the 2009 and 2010 buyers may join them.
What those buyers deserved was to be educated to the reality of the housing market. What they got instead was reassuring lies.
Realtor Group May Have Overstated Number of Existing Houses Sold Since 2007
By NICK TIMIRAOS
The housing crash may have been more severe than initial estimates have shown.
The National Association of Realtors, which produces a widely watched monthly estimate of sales of previously owned homes, is examining the possibility that it over-counted U.S. home sales dating back as far as 2007.
The group reported that there were 4.9 million sales of previously owned homes in 2010, down 5.7% from 5.2 million in 2009. But CoreLogic, a real-estate analytics firm based in Santa Ana, Calif., counted just 3.3 million homes sales last year, a drop of 10.8% from 3.7 million in 2009. CoreLogic says NAR could have overstated home sales by as much as 20%.
While revisions wouldn't affect reported home-price numbers, they could show that the housing market faces a bigger overhang in inventory, given the weaker demand.
This is the core of the deception. The actual sales numbers are a jumble of numbers the NAr can spin however they like; however, the months of supply calculation is a widely known market gauge with an accepted interpretation: more than 6 months of inventory is bad and less than 6 months is good. In order to manipulate this statistic, the denominator (home sales) needs to be as large as possible. Anything which overstates home sales directly impacts the months of supply.
In early 2007, months of supply had been above 6 months for about a year. Is anyone surprised they found a way to change their sales numbers to bring the months of supply down? This summer, existing-home sales sunk to lowest level ever recorded. I wonder how bad it really was? And how large did the months of supply get? And how many months of supply do we currently have?
Manipulating sales numbers for the months of supply calculation is very important to those who believe it is always a good time to buy. Steve Thomas of the now defunct Altera Real Estate used escrows rather than closed sales because it had the same effect.
In December, NAR said that it would take 8.1 months to sell some 3.6 million homes listed for sale at the current pace, but the number of months it would take could be even higher if sales are revised down. Any revisions wouldn't have an impact on homeowners, but it could have consequences for the real-estate industry. Downward revisions would show that "this horrific downturn in the housing market has been even more pronounced than what people thought, and people already thought it was pretty bad," said Thomas Lawler, an independent housing economist.
NAR said the data, which are used by economists, investors and the real-estate industry to gauge the health of the housing market, could be revised downward this summer. Lawrence Yun, chief economist at NAR, wasn't specific about whether and by how much the revisions could reduce reported sales, and he raised the possibility that the CoreLogic estimates have understated the number of home sales. "This is a very important issue, and we are looking at it carefully right now," Mr. Yun said.
Economists say any overstatement is the result of difficulty tracking data during market corrections. "This is an economic data issue, not a gaming-the-numbers issue," said Sam Khater, senior economist at CoreLogic. "Any time you get big shifts in the market, the numbers go haywire for a bit."
Over the past decade, a growing number of housing-research firms have sprouted up, offering new ways to track home sales.
CoreLogic, which was spun off from First American Financial Corp. last year, measures sales by tracking property records through local courthouses. The firm says its data covers approximately 85% of all home sales tracked by NAR.
NAR, which is due to report January home sales on Wednesday, uses a sample of sales data reported by local multiple-listing services to calculate monthly changes in sales.
So CoreLogic actually counts them and the NAr uses some statistical voodoo to estimate them? Hmmm... I wonder whose methodology will prevail?
To produce estimates of annual sales, it uses a model that is benchmarked to the figures reported in the decennial U.S. Census. The model requires making certain assumptions for population growth and other measures in between the census surveys.
Those models could have over-counted sales due to recent consolidation among multiple-listing services, which has resulted in those firms having wider coverage of housing markets. NAR's tally could be distorted if the firms "are sending us more home sales because they have a larger coverage area, but without informing us" that their reach has grown, said Mr. Yun.
Because not every home sale goes through a multiple-listing service, NAR must also make additional assumptions. For example, it must estimate what share of transactions are "for-sale by owner," and the housing downturn has sharply reduced that segment of the market. Consequently, the NAR could over-estimate sales if it hasn't properly adjusted for a smaller "for-sale by owner" share, said Mr. Yun.
NAR typically produces revisions of home-sales data at the end of every decade based on the latest Census survey data. But because the 2010 Census didn't ask U.S. residents about home sales, NAR must devise a new way to build its home-sales model.
So the NAr's methodology is rooted in a ten-year old piece of data that is no longer being collected? I think they have some significant revising to do.
Here's what I don't get. If every major retailer can operate a national database of their store inventory, why can't the NAr. Why can't the NAr simply query their database and tell us exactly how many homes sold, where they sold, and for how much? They try to make themselves valuable by being the purveyors of vital information, but they operate arcane systems and produce unreliable reports.
Several economists approached NAR late last year with questions about its modeling. NAR economists promised to study the issue during a December conference call that included economists from the Mortgage Bankers Association, Fannie Mae, Freddie Mac, the Federal Reserve, the Federal Housing Finance Agency and CoreLogic.
Economists from the Mortgage Bankers Association said they became skeptical after the MBA's index of mortgage-purchase applications appeared to be a less reliable indicator of home sales. The index had been closely correlated to NAR existing home-sales data until 2007. Even assuming a high share of all-cash sales, purchase-loan application data suggests that home sales have been overstated by 10% to 15%, said Jay Brinkmann, the MBA's chief economist.
"If they are off by this much, this consistently, it would be sending the wrong signal to the market," said Mr. Brinkmann.
Downward revisions in existing home sales could have an impact on real-estate related businesses, but economists said it isn't clear that they would have a meaningful impact on the broader economy, which typically relies more heavily on new-home construction to drive growth.
Really, most rational people already knows the NAr is duplicitous. That's why realtors in used house sales are held in the same regard as slimeballs in used car sales.
Barry Ritholtz at the Big Picture had this to say to the realtors before this latest scandal:
We have had a god-awful run of Housing data. New and Existing Home Sales, Defaults and Foreclosure data, even the Case Shiller report — all have been utterly horrific.
In light of this, I want to make the following announcement: Attention RE Agents! The National Association of Realtors are doing you a terrible disservice.
Consider the following comments from a RE Agent, published exactly three years ago (September 4, 2007) in the Realty Times:
“The National Association of Realtors and your state association will always have published reports that sound better than what you are personally experiencing in the market. Please understand that they support us. They know that whatever they say will end up in public press. We do not need any more negative press! When you read reports that we have reached the bottom or that the market has actually gone up, take it with a grain of salt. Their job is to permeate the world with good news about real estate.”
In other words, mislead the public with spin. Create false hope. Lie. This agent was defending the National Association of Realtor’s blatant dishonesty — a mistake on its face — just as the damage they did began to have an effect.
What the NAR was offering to buyers, sellers, their agents, indeed, anyone involved with Housing, was the blue pill.
The sort of nonsense the Realtor’s group peddles helps explain why sellers have incorrectly believed a recovery was imminent, even as housing went through a historic collapse. It is why home owners incorrectly still expect their homes to go appreciate by 10% a year.
These false beliefs have real world consequences. They create ridiculous expectations among sellers, who selectively grab onto any positive news they can. They choose the temporary blissful ignorance of illusion — that damned blue pill — versus embracing the painful truth of reality (i.e., the red pill).
This confirmation bias leads sellers into mis-pricing the value of their homes. They have been a season or even a year or more behind the pricing curve the entire way down.
Ask any listing agent how difficult it is to get sellers to become realistic in their asking prices. Real Estate agents would be moving a helluvalot more houses if they were not fighting misinformation that the NAR has put into the marketplace. Many, many agents have confirmed that, even in this crummy environment, a good house properly priced will sell.
Here’s a question for you reality (vs NAR realty) agents. Ever wonder why you seem to be having such a hard time convincing sellers to set reasonable asking prices? Ever ponder why they have such a distorted sense of the true value of their homes? Ever try to get them to set reasonable asking numbers that are competitive with current market prices?
The short answer: NAR spin.
To see how bad this false NAR narrative has become, check out this new show on HGTV: “Real Estate Intervention.” The show’s hosts travel town-to-town in an attempt to convince homeowners to sober up, put the magic mushrooms away, and price their houses realistically. They literally drag these poor bastards to nicer comparable homes to theirs — better locations, bigger square footage, nicer kitchens — all in an effort to TALK SELLERS INTO REALISTIC PRICE POINTS. It staggers the imagination: A television show actually had to be created to counter-act the excess stupidity coming from the Realtor’s trade group.
Gee, where do you think sellers got these crazy ideas? Might the NAR, by encouraging a fantasy, be actually hurting the housing market as a whole?
Even the normally staid NYT has recognized how absurd the NAR spin has become. This past weekend, Joe Nocera began an article with the sentence: “You have to wonder sometimes what they’re smoking over there at the National Association of Realtors.”
When the Gray Lady asks if your economists are high, isn’t that are warning sign that you must make a major change? How on earth is having a reputation of being stoners good for the RE business?
And, buyers have figured out that the NAR news releases are unmitigated fantasy. They have learned that any organization that has to go to such lengths to spin bad news must know that the news is much much worse. The result has been a Real Estate buyers strike.
Here it is, three years after that lame defense of NAR spin, and we can see the damage that spin has wrought. It is readily apparent that the NAR has become counter-productive to the agents they are supposed to be serving.
No, the NAR is not supporting you. They are making your jobs much, much harder. They are spinning the public, and doing you an enormous disservice.
Try RealityTM! Its what is working these days.
Perhaps the NAr will implode or new blood within the organization will see the organizations role differently. What they need is a commitment to accuracy rather than a commitment to spinning. What should they do if it really isn't a good time to buy? Is a listing agent duty bound to lie for a client to convince a buyer the property is a good investment? Is a buyer's agent who pushes their clients into a sale serving or harming them?
The National Association of realtors has a belief pathology. A core belief is eating away like a cancer -- buyers can-should-must be manipulated into purchasing a house. This core belief guides many of their programs, advertising campaigns, and general attitude toward both buyers and sellers. Based on their advertising, I would say they think buyers are stupid sheeple.
The not very assuring truth
Buying can still be a good choice even in a declining market. Buyers who are motivated to save on renting are the stabilizing force in any real estate market, and it is the activity of these buyers that ultimately turns the tide. Those who bought in 2008-2010 can still have positive outcomes, particularly if they hold for several years. Those who purchased knowing this reality made a conscious choice to buy even with the financial circumstances.
Not every real estate purchase need be motivated by obtaining appreciation. Some people bought knowing they were overpaying in a declining market because it was the right time for them and their family. They examined the financial implications of their decisions and did it anyway. That made the decision right for them whatever those of us on the outside might think.
Clear decision making made with real data almost always produces a good outcome. What every buyers deserves the opportunity to decide for themselves based on good information. Unfortunately, it isn't what buyers get from realtors.
(BTW, if you haven't seen it, Keith at Housing Panic made a new post after two years. It said to buy real estate.)
A Master HELOC Abuser
I was greatly impressed by the reliability and the amount of the housing ATM withdrawals by this owner. This house is a piece of crap. The guy who bought this in 2001 obviously didn't do much to it, so most of the HELOC booty was likely pissed away.
This house was purchased by the former owner on 9/18/2001 for $351,000. The owner used a $275,000 first mortgage a $40,800 second mortgage, and a $35,200 down payment.
On 4/10/2002 he refinanced with a $106,500 stand-alone second. This effectively withdrew his down payment and gave him some extra spending money.
On 8/27/2003 he refinanced with a $395,250 first mortgage.
On 5/13/2004 he refinanced with a $570,000 first mortgage.
On 4/27/2005 he refinanced with a $653,000 first mortgage.
On 2/28/2006 he refinanced with a $572,000 first mortgage and a $143,000 HELOC.
On 4/20/2006 he refinanced with a $636,000 Option ARM with a 1.25% teaser rate, and he obtained a $79,500 HELOC.
Total property debt is $715,500.
Total mortgage equity withdrawal is $399,700,
Total squatting time was about 18 months assuming the NOD was filed in a timely manner.
Foreclosure Record Recording Date: 10/28/2010 Document Type: Notice of Sale
Foreclosure Record Recording Date: 09/14/2009 Document Type: Notice of Default
The bank bought this at auction for $519,000 on 12/29/2010. Hard to say how bad their loss is on that Option ARM, but they will be lucky to recover half after all the fees have been paid off. And Irvine is one of the better recovery areas. Option ARM investors are getting wiped out.
Home Purchase Price … $519,000 Home Purchase Date .... 12/29/10
Net Gain (Loss) .......... $(16,194) Percent Change .......... -3.1% Annual Appreciation … 18.2%
Cost of Ownership ------------------------------------------------- $534,900 .......... Asking Price $106,980 .......... 20% Down Conventional 5.02% ............... Mortgage Interest Rate $427,920 .......... 30-Year Mortgage $111,009 .......... Income Requirement
$2,302 .......... Monthly Mortgage Payment
$464 .......... Property Tax $0 .......... Special Taxes and Levies (Mello Roos) $89 .......... Homeowners Insurance $0 .......... Homeowners Association Fees ============================================ $2,855 .......... Monthly Cash Outlays
-$394 .......... Tax Savings (% of Interest and Property Tax) -$512 .......... Equity Hidden in Payment $209 .......... Lost Income to Down Payment (net of taxes) $67 .......... Maintenance and Replacement Reserves ============================================ $2,225 .......... Monthly Cost of Ownership
Cash Acquisition Demands ------------------------------------------------------------------------------ $5,349 .......... Furnishing and Move In @1% $5,349 .......... Closing Costs @1% $4,279 ............ Interest Points @1% of Loan $106,980 .......... Down Payment ============================================ $121,957 .......... Total Cash Costs $34,000 ............ Emergency Cash Reserves ============================================ $155,957 .......... Total Savings Needed
Property Details for 5042 GREENCAP Ave Irvine, CA 92604 ------------------------------------------------------------------------------ Beds: 4 Baths: 2 Sq. Ft.: 1856 $288/SF Lot Size: 5,000 Sq. Ft. Property Type: Residential, Single Family Style: One Level, Contemporary Year Built: 1970 Community: El Camino Real County: Orange MLS#: P768698 Source: SoCalMLS Status: ActiveThis listing is for sale and the sellers are accepting offers. On Redfin: 11 days ------------------------------------------------------------------------------ NO HOA OR MELLO ROOS. 4 BD/2 BTH HOME, LIVING ROOM, FAMILY ROOM WITH FIREPLACE, CROWN MOLDING, 2 CAR ATTACHED GARAGE WITH LAUNDRY HOOK UPS, SCRAPED CEILINGS. NEEDS SOME TLC.
Baths: 3
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