New Building

frederic · Post by **frederic** » Mon Sep 08, 2003 1:26 pm

Some of you might remember me from the homerecording.com/bbs system, and my adventure in buying a building through forclosure, then there was questions of title and ownership, after my buddy moved his machine shop from LA to NJ, and I started making plans for my half of the building (including torturing John and a few local contractors).

While I was away on vacation last week, the lawyers beat each other up, and I no longer have title to this building. Long story, I won't bore anyone with it, but the title verification company is going to eat it through their insurance, and as of last wednesday upon the hearing concluding, the title verification company has 10 business days (14 calendar days) to pay up, in full, with 2% interest attached to it.

Coincidentally and unrelated, my RE agent found another mortgage forclosure property one town over in the other direction, within my price range based on this money, and its much larger in floor space, but only two stories high (without a 2nd floor). Lou (machine shop pal) and I are going to look at it on wednesday. Its one huge building, so to "share" we'll have to build a wall between his half and my half, but its more than double the space of the old building.

So after looking, we'll have dinner and decide, included our better halves, and I might be back on track to becoming a terribly poor studio owner again.

Here is the clincher... same bank, same title verification company, same listing agent, same buyer (me).

This earth is just to flucking small. LOL

Post by **John Sayers** » Mon Sep 08, 2003 6:56 pm

same bank, same title verification company, same listing agent, same buyer (me).

same designer??

cheers
john

frederic · Post by **frederic** » Tue Sep 09, 2003 11:19 pm

John Sayers wrote: same designer??

cheers
john

Yes. Hopefully with project management services too

frederic · Post by **frederic** » Wed Sep 10, 2003 12:14 am

I hate when people fax things (like floorplans) that require a high level of detail and forget to push the "fine" button on the machine. Huge is an understatement, assuming the commas are in the right place on the measurements. Big assumption lol

I now have four pages of unreadable crap.

The title verification company also called this morning asking for 30-days grace rather than the 14 days the court told them.

Yeah, sure, right. Bwaa-haaa-haaa.

Post by **John Sayers** » Wed Sep 10, 2003 6:43 am

The title verification company also called this morning asking for 30-days grace

maaate - after all they've put you through - SCREW THEM!!!!!!

cheers
John

frederic · Post by **frederic** » Wed Sep 10, 2003 7:41 am

John Sayers wrote:maaate - after all they've put you through - SCREW THEM!!!!!!

No kidding.

However, for the opportunity to pay 76 cents per sq ft to purchase I am willing to deal with incompetent, inept, socially repulsive monkeys.

I consider "dirt cheap" a valuable feature

frederic · Post by **frederic** » Thu Sep 11, 2003 6:10 am

Looked at the building today. WOW! Huge!

Post by **John Sayers** » Thu Sep 11, 2003 6:57 am

room for an indoor swimming pool??

:)

DDev · Post by **DDev** » Thu Sep 11, 2003 7:34 am

Frederic,

76 cents a square foot? That's incredible!!

Hope it pans out.

Darryl.....