469 Luray Place — Was the Property Purchased Fraudulently?
The last time I showed the progress of 469 Luray Place was back on September 26, 2011. It’s clear that at this point — with DCRA ruling that everything is in order and that the project has been built by-right — that this blight is here to stay.
Sadly, a commenter on the September 26 post provides more background. The most important information they shared was this — they attempted to buy the house with the goal of fixing it up and living in it but were UNDER-BID by the developer with a cash deal.
Following is what the potential homeowner posted yesterday:
My wife and I LOVED this house and tried to purchase it but were beat out by “another owner occupant” who offered less money, but was an all cash buyer.
Here are the remarks from the MLS when the house was listed in 10/2010:
“Corner lot on a favored street in Columbia Heights., In need of total updating but check the price;this could be a beauty.0-7 seller will consider no contracts,7-12 seller will consider non-profit and owner occ.,13+ days seller will consider all contracts. Contracts must include financial info. sheet plus lender’s pre approval from Wells Fargo or affiliates, cash offers must include cash verificat”
Basically in the first 12 days only offers from owner occupants were to be considered. The house was under contract within 9 days and we were duped by a purchaser that committed fraud. I’m now looking into making things difficult for Olusola A Sulekoiki if I can. if anyone has any suggestions I would appreciate it. BTW I am a Realtor so I’m starting by reaching out to my Realtor resources.
Based on the information above, has anyone experienced a similar situation or have any advice?Development, Housing comment below, or link to this permanent URL from your own site.