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Realtor may lose his properties to foreclosure for $200,000 in unpaid fines

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Half a million dollars in fines

Over the years, Florida Realtor David Pipkin has racked up over $500,000 in fines for his properties in the Lake Morton area for which he now faces potential foreclosure, according to The Ledger.

Just since 2009, Pipkin has been fined over $200,000 for three of his properties after numerous neighbor complaints, one neighbor claiming rats scurry about one of the vacant properties.

Neighborhood services manager Brian Rewis says he doesn’t wish foreclosure on Pipkin, but the fines accumulating at a rate of $400 per day are followed up with status letters to his home address every six months.

Three troubled properties equals $200,000

In 2009, complaints began to roll in about 716 College Avenue, 748 College Avenue, then in 2010, for 749 Vistabula Street which has racked up over $100k in fines for damaged screens, rotten wood, and for the garage apartment in the rear of the property, plagued by a hole in the roof, broken windows and screens as well as rotten wood.

The College Avenue properties have been fined for damaged screens, rotten wood, missing siding, and a hole in one of the carport ceilings.

Vistabula property:

Click any of the images above to enlarge:

College Ave properties




$300,000 fined in 2003

In 2003, Pipkin had $300,000 in unpaid fines which he brought into compliance and paid a reduced fine of $7,000.

Neighbors are frustrated at the lack of upkeep and tell The Ledger it gives people the perception that the residents don’t care for the neighborhood, during a time when the community is attempting to “spruce up” the area.

Award winning brokerage

Pipkin works at Pickard & Pickard Inc. in Lakeland, Florida, a two man operation with roughly zero digital presence but is a small business award winner according to the Lakeland Area Chamber of Commerce. Neither Pipkin or his broker have any complaints on file with the state and Pipkin had no comment for the local paper, and it is unclear as to why these properties continue to be fined for declining conditions.

Lani is the Chief Operating Officer at The American Genius - she has co-authored a book, co-founded BASHH and Austin Digital Jobs, and is a seasoned business writer and editorialist with a penchant for the irreverent.

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10 Comments

10 Comments

  1. JBond

    August 31, 2011 at 10:37 am

    This is crazy! The man should know better. This doesn't help make agents look good.

  2. William

    August 31, 2011 at 10:39 am

    This is crazy! The man should know better. Doesn't help agents image.

  3. andreina martinez

    September 1, 2011 at 2:17 am

    $400 a day!? that's a lot of money in my country, one wonders why he hasn't been maintaining his properties.

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Austin

Austin tops the list of best places to buy a home

When looking to buy a home, taking the long view is important before making such a huge investment – where are the best places to make that commitment?

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Looking at the bigger picture

(REALUOSO.COM) – Let us first express that although we are completely biased about Texas (we’re headquartered here, I personally grew up here), the data is not – Texas is the best. That’s a scientific fact. There’s a running joke in Austin that if there is a list of “best places to [anything],” we’re on it, and the joke causes eye rolls instead of humility (we’re sore winners and sore losers in this town).

That said, SelfStorage.com dug into the data and determined that the top 12 places to buy a home are currently Texas and North Carolina (and Portland, I guess you’re okay too or whatever).

They examined the nerdiest of numbers from the compound annual growth rate in inflation-adjusted GDP to cost premium, affordability, taxes, job growth, and housing availability.

“Buying a house is a big decision and a big commitment,” the company notes. “Although U.S. home prices have risen in the long term, the last decade has shown that path is sometimes full of twists, turns, dizzying heights and steep, abrupt falls. Today, home prices are stabilizing and increasing in most areas of the U.S.”

Click here to continue reading the list of the 12 best places to buy a home…

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Housing News

Average age of houses on the rise, so is it now better or worse to buy new?

With aging housing in America, are first-time buyers better off buying new or existing homes? The average age of a home is rising, as is the price of new housing, so a shift could be upon us.

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aging housing inventory

The average home age is higher than ever

(REALUOSO.COM) – In a survey from the Department of Housing and Urban Development American Housing Survey (AHS), the median age of homes in the United States was 35 years old. In Texas, homes are a bit younger with the median age between 19 – 29 years. The northeast has the oldest homes, with the median age between 50 – 61 years. In 1985, the median age of a home was only 23 years.

With more houses around 40 years old, the National Association of Realtors asserts that homeowners will have to undertake remodeling and renovation projects before selling unless the home is sold as-is, in which case the buyer will be responsible to update their new residence. Even homeowners who aren’t selling will need to consider remodeling for structural and aesthetic reasons.

Prices of new homes on the rise

Newer homes cost more than they used to. The price differential between new homes and older homes has increased from 10 percent traditionally to around 37 percent in 2014. This is due to rising construction costs, scarcity of lots, and a low inventory of new homes that doesn’t meet the demand.

Click here to continue reading this story…

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Housing News

Are Realtors the real loser in the fight between Zillow Group and Move, Inc.?

The last year has been one of dramatic and rapid change in the real estate tech sector, but Realtors are vulnerable, and we’re worried.

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zillow move

Why Realtors are vulnerable to these rapid changes

(REALUOSO.COM) – Corporate warfare demands headlines in every industry, but in the real estate tech sector, a storm has been brewing for years, which in the last year has come to a head. Zillow Group and Move, Inc. (which is owned by News Corp. and operates ListHub, Realtor.com, TopProducer, and other brands) have been competing for a decade now, and the race has appeared to be an aggressive yet polite boxing match. Last year, the gloves came off, and now, they’ve drawn swords and appear to want blood.

Note: We’ll let you decide which company plays which role in the image above.

So how then, does any of this make Realtors the victims of this sword fight? Let’s get everyone up to speed, and then we’ll discuss.

1. Zillow poaches top talent, Move/NAR sues

It all started last year when the gloves came off – Move’s Chief Strategy Officer (who was also Realtor.com’s President), Errol Samuelson jumped ship and joined Zillow on the same day he phoned in his resignation without notice. He left under questionable circumstances, which has led to a lengthy legal battle (wherein Move and NAR have sued Zillow and Samuelson over allegations of breach of contract, breach of fiduciary duty, and misappropriation of trade secrets), with the most recent motion being for contempt, which a judge granted to Move/NAR after the mysterious “Samuelson Memo” surfaced.

Salt was added to the wound when Move awarded Samuelson’s job to Move veteran, Curt Beardsley, who days after Samuelson left, also defected to Zillow. This too led to a lawsuit, with allegations including breach of contract, violation of corporations code, illegal dumping of stocks, and Move has sought restitution. These charges are extremely serious, but demanded slightly less attention than the ongoing lawsuit against Samuelson.

2. Two major media brands emerge

Last fall, the News Corp. acquisition of Move, Inc. was given the green light by the feds, and this month, Zillow finalized their acquisition of Trulia.

…Click here to continue reading this story…

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