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How our "public servants" serve the rich and not the public

By Patrick   Follow   Sat, 26 Jan 2013, 4:18pm   471 views   9 comments
In Menlo Park CA 94025   Watch (0)   Share   Quote   Permalink   Like (1)   Dislike (1)  

http://www.mercurynews.com/business/ci_22453809/woodside-estate-sells-117-million-near-record-luxury

And illustrating the steps the parties took to keep it quiet, the documentary transfer tax of $129,250 was written in pencil in a black, three-ring binder marked "Separate Tax Statement" that is kept behind a clerk's desk at the San Mateo County Assessor-Clerk-Recorder's Office in Redwood City. The county allows people filing deeds to request that the tax appear on a separate document. A member of the public who wants to see the tax must go to the office and ask for the binder.

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1. PockyClipsNow Follow Befriend 19 threads 1,534 comments Los Angeles, CA

   1   10:28am Mon 28 Jan 2013   Share   Quote   Permalink   Like (1)   Dislike   Hey man if u buy a 100k condo you can also request the tax be hidden. So your headline is BS the same service is provided to non rich.

2. Cautious1 Follow Befriend 9 threads 94 comments

   2   2:31pm Mon 28 Jan 2013   Share   Quote   Permalink   Like   Dislike   How many "non rich" know about this option, I wonder? Why is it written "in pencil?" That's a weird detail in an era of computer databases, disquieting in that it implies it can be erased or changed, and who'd know? Did the reporter, Pete Carey, look up that $129,250 figure in the binder himself? Why would the buyer wish the transaction to be hidden? If I were a neighbor to the property, or a party in a suit against the buyer, or a victim of that person, yeah, I'd want to know his name.

3. thomaswong.1986 Follow Befriend 14 threads 2,820 comments

   3   3:00pm Mon 28 Jan 2013   Share   Quote   Permalink   Like (1)   Dislike   Patrick says How our "public servants" serve the rich and not the public LOL! its become how the "public servants" serve themselves and not the public.

4. PockyClipsNow Follow Befriend 19 threads 1,534 comments Los Angeles, CA

   4   5:11pm Mon 28 Jan 2013   Share   Quote   Permalink   Like (3)   Dislike   Obviously if u buy for under market price you want to hide this so when u fix n flip for double what u paid the clueless noob fha buyer thinks hes getting a steal. The whole country is set up for banks, wall street, flippers, brokers, agents to make moe-nay. Get on board!

5. APOCALYPSEFUCK is Shostakovich Follow Befriend (28) 169 threads 4,153 comments Premium

   5   5:15pm Mon 28 Jan 2013   Share   Quote   Permalink   Like   Dislike   PockyClipsNow says The whole country is set up for banks, wall street, flippers, brokers, agents to make moe-nay. Get on board! hehehe

6. Patrick Follow Befriend (54) 5,182 threads 6,155 comments 46 male Menlo Park, CA Premium

   6   5:51pm Mon 28 Jan 2013   Share   Quote   Permalink   Like   Dislike   PockyClipsNow says Obviously if u buy for under market price you want to hide this so when u fix n flip for double what u paid the clueless noob fha buyer thinks hes getting a steal. Yup. I have been to that very office in San Mateo County and a clerk there told me that the place is rife with scams. Another typical one is to simply overpay the transfer tax and have it recorded. Sale prices are "estimated" from the transfer tax and there is no rule against overpaying that tax to make the estimated price higher. Which is very useful when you want to screw over that noob FHA buyer, just like you say.

7. APOCALYPSEFUCK is Shostakovich Follow Befriend (28) 169 threads 4,153 comments Premium

   7   6:30am Tue 29 Jan 2013   Share   Quote   Permalink   Like   Dislike   Another data point to fortify the Prison Rape Market that is the housing sector.

8. PockyClipsNow Follow Befriend 19 threads 1,534 comments Los Angeles, CA

   8   11:48am Tue 29 Jan 2013   Share   Quote   Permalink   Like   Dislike   This is what freedom looks like! Its messy like cheney said about the newly freed iraq. We are free flip homes its hard work tho!

9. uomo_senza_nome Follow Befriend (13) 787 threads 1,542 comments

   9   11:51am Tue 29 Jan 2013   Share   Quote   Permalink   Like   Dislike   PockyClipsNow says The whole country is set up for banks, wall street, flippers, brokers, agents to make moe-nay. Get on board! Bang on accurate.