From: Chuck Totah [mailto:chastot@yahoo.com]
Sent: Thursday, February 28, 2008 11:46 AM
To: R.
Subject: Re: $28500 / 7br - Majestic French Chateaux - Atherton {photos} 650-490-3199 (atherton)

I was unaware of this and I will look into it.

Thank You,

Chuck Totah
J.Wavro Associates
(650) 490-3199


    From: Patrick [mailto:p@patrick.net]
    Sent: Thursday, February 28, 2008 6:51 PM
    To: R.
    Subject: Re: $28500 / 7br - Majestic French Chateaux - Atherton {photos} 650-490-3199 (atherton)

    Thanks R. It's really weird. It looks kind of like someone borrowed a boatload of money
    against it and ran away.

    Patrick


On Feb 28, 2008, at 8:17 PM, R. wrote:

Yeah. To the tune of $8MM.

No wonder it's for sale for $11 Million.

http://od65selby.marindocs.com/

YH 1 LLC (borrower) is listed in the phone book as Real Estate Investment Trust
with the same address, but the actual company sells toilet paper made from
renewable sources when you trace back the LLC owner. I know there is a joke
somewhere in that.

R.

    From: Patrick [mailto:p@patrick.net]
    Sent: Sunday, March 02, 2008 4:23 PM
    To: R.
    Subject: Re: $28500 / 7br - Majestic French Chateaux - Atherton {photos} 650-490-3199 (atherton)

    Wow, toilet paper? That has to be a joke.

    How did you figure out they make toilet paper?

    Patrick



On Mar 2, 2008, at 6:25 PM, R. wrote:

It took 30 minutes on the net looking through public documents.

YH 1 LLC looks like a shell company from the outside looking in. Hard to say,
but it looks like the LLC was setup solely and exclusively to buy 65 Selby
Lane. And the more I dig, the more I am confused and suspicious.

Here are some odd findings:

   YH 1 LLC  owns 65 Selby Lane. A home for sale worth a purported $11 Million.

   The owner and principal name of YH 1 LLC is Mr. Ni Yen Gee

   Mr. Ni Yen Gee lists himself as the CEO and Director of LGP Paper, in addition
    to the principal for YH 1 LLC, both in San Francisco.

   LGP Paper does not exist according the State of California.

   LGP Paper's address, according to their own website and Mr. Ni Yen Gee's own
    business card, is 1698 Fell Street, San Francisco, CA 94102

1698 Fell Street is a Chevron Gas Station!

   YH 1 LLC lists their business address with the State of California as 1648 UNION STREET STE 101

   1648 UNION STREET STE 101 is an architectural firm (no apparent affiliation to YH 1 LLC)

YH 1 LLC lists their service address as 7 WOODMONT WAY, in Oakland.

According to donation records for the RNC, a Dr. Floyd Fortuin lives at 7
WOODMONT WAY, in Oakland. No apparent relation.

Nothing for YH 1 traces to any apparently valid address or business, except
it lists in the yellow pages as an investment company.

As far as I could find, the owner of 65 Selby Lane is the CEO of an
undocumented, unregistered Paper company running out of a Chevron Gas Station.

The property was purchased and a ton of cash was pulled out. Not uncommon, but
the odd thing is, I remember this house sitting empty and for sale for a long
time, and now for rent. I don't have the documents to support it, just my
memory, but I don't think the house was ever lived in.  

Everything after this point is conjecture, and speculation. I think the
property was purchased just to pull cash out of. The owner did exactly that. As
a matter of fact, the owner took out cash to the tune of $1.7 Million the very
month they purchased it. Maybe that's how they made payments.  Then they
pulled out a whopping $7.3 Million and went into default 16 months later. Where
did the cash go?

Just a lot of odd things.
 
I remembered seeing 65 Selby for sale, then I saw it on Craigslist to rent. It
didn't click until I saw it on forclosureradar.com.

R.