You can now go to jail for defying board?

It seems to me that the board has shown considerable restraint here.

Maybe has more to defying court orders? Shocking that there may be consequences to one's (in)actions.

Yes, and it's a condo, not a co-op. (Just a little detail the Post got wrong.)

Here's the court's order and background: https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=B6KReG2OzrIIVzWB3me8Yw==&system=prod

JWL: Buy yourself a house in the boonies; then you can do as you please. LOL!

This is blatantly illegal what she is doing. Any neighbor could call the police. It's a good thing that the building's board is choosing to deal with this. Not an overreaching co-op (or condo) in any manner).

I totally support the board (and their methodology of establishing the incorrect/illegal behavior) 100%.

JWL2672, this is as it should be. Buy a townhouse. Or better yet, a house outside of town.

Here: http://streeteasy.com/nyc/talk/discussion/19439-is-condo-board-allowed-to-censor-residents

"I come from a long line of lawyers."

Priceless.

You can always go to jail for having contempt for the law, the judge and the court. Obviously, she still hasn't gotten the message.

This item really perked up my day. Good for the board and hooray for the judge, who should have fined her even more money. How would you like to live next door to her hotel room? If she wants to be in the hotel business, she can buy and run a hotel.

It reminds me of a rental building in Rego Park in the '80s when the Russians first started coming over in droves. Not only did they rent out their rental apartments as hotel rooms, but one apartment was turned into a garment factory sweatshop with 10 sewing machines in the living room going night and day.

>> The Post needs to hire some copyeditors:

If we're going to discuss issues with the article, I object to the opening phrase of "stunning". Cute or pretty, fine. But stunning? Inonada was not stunned.

And how is her nationality relevant in all this hoopla? The Post seems to have a fixation...

>If we're going to discuss issues with the article, I object to the opening phrase of "stunning". Cute or pretty, fine. But stunning? Inonada was not stunned.

+1

>generally

Generally, but not 100% of the time, right?

doubt the income is being declared..honestly if someone tries to be so cocky as to say game-on, you should in all rights go-all out then.

so this couple is pissed off they can't turn their apt into a hotel where they can rent it out to different people on a nightly basis. Now the owner is an investment analyst? What kind of advice does she give to her clients and what company does she work for?

http://www.washingtonpost.com/local/fairfax-homeowners-group-humbled-by-court-battle-with-residents/2013/02/09/d46f9bec-6652-11e2-93e1-475791032daf_story_2.html

>The place is up for sale:

So, how will she have done on her ownership?

What's the previous sale on 12/22/12? Is that where she allegedly "gifted" the apartment to relatives? Or was that a real sale, just six weeks ago? I must say, she's hired the RE brokerage firm I would have expected her to hire.

As for the HOA in Virginia -- I have mediated quite a few of these cases. They are almost always susceptible to settlement. It looks as though this particular HOA, and the residents who authorized its actions, got smacked for holding secret meetings and doing other things that most HOAs and boards would not cotemplate doing. I don't advocate residents breaking the agreements they knowingly made when they moved in, but an HOA acting as a Star Chamber is equally unacceptable.

>> I must say, she's hired the RE brokerage firm I would have expected her to hire.

How's that?

>> So, how will she have done on her ownership?

Putting aside Post article and possibility of jail, not well.

Bought for $598K in Jan 2007. Let's say she sells flat (a 12B comp did $612K to $585K from Jan 2008 to Nov 2012).

Original loans were 30-yr fixed for $557K, rates would have been ~6.5%. Refi'd mid-2011 for 3.75% 5/1 ARM, balance down to $455K. So $163K to interest on original loan, $26K on refi. That's $190K in interest. Maybe discount by $65K for mortgage deduction, unclear how long she actually lived.

Monthlies running $1400, so $100K there for 6 years.

Transaction costs $60K.

On $41K downpayment in Jan 2007, SPY would have returned $9K. On $102K refi paydown in Jun 2011, SPY would have returned $23K. So $32K total.

Total cost: $317K to $382K. Works out to $4400 to $5300 a month. In the neighborhood of $2K a month more than rental value, about $144K too much over the 6 years. That's 3.6x the original down payment and 100% of down payment and added money w/ refi.

It's like pushing a button.

Yes, it is quite easy to lose big money even when there is no movement in nominal price. As easy as pushing a button.

Nevertheless, message hasn't seem to have sunk in for some people. For example, here's kylewest of 2007-purchase fame from a few days ago:

>> Anyone who is still waiting and attempting to market-time a purchase in Greenwich Village seems to have missed the boat. Units are moving very briskly, prices levelled off at maybe a 10% drop years ago and have been recovering ever since.

This was actually an interesting thread. Thanks for the contribution nada. I am sure you can feel the accolades all around for the original,contribution.

My contributions to the thread:

1) Comment about "stunning" descriptor in article, appreciated by at least one greensdale.
2) Answer renterjoey's question about where she works / used to work as an investment analyst.
3) Note that the place is up for sale.
4) Ask generalogoun why he thinks Corcoran would be the broker of choice for such a person.
5) Clarify NWT's post about ownership history, stating that Ksenia is the same person as Sophie.
6) Answer greensdale's question about how she's done on her ownership.

Your contributions to the thread?

1) Incomprehensible comment: "Maybe has more to defying court orders?" Seems like there was something there, but improper sentence formation got in the way.
2) Snarky comment about my contributions to the thread.

>1) Comment about "stunning" descriptor in article, appreciated by at least one greensdale.

remember, I don't actually count.

>6) Answer greensdale's question about how she's done on her ownership.

I wasn't actually interested in the answer to the question, just wondering if I could push the button and the answer would spit out.

**Ask generalogoun why he thinks Corcoran would be the broker of choice for such a person**

I am not a fan of that agency. It's a personal opinion based on years of observation. Possibly it's not fair and it may even be biased. Your question made me decide not to post something like that again, but there are a few agencies in the NYC metro area that I would not use. They are one of them.

Fair enough. FWIW, I think the experiences of someone like you with brokerages, good or bad, is helpful to others.

I have dealt with many brokers at many brokerages in the context of renting individually-owned places through the exclusive agent. Most have been positive experiences. Even in a case where the broker was behaving squirrelly, the broker was very upfront to say "look, I have to do what the owner tells me, I apologize" when I called her out on it. On the few bad experiences, I could not correlate behavior to firm.

No wonder our courts are so behind. What a waste of time. Blame it on the lawyers.

Is this the place? In contract?

http://streeteasy.com/nyc/sale/791725-condo-80-john-street-financial-district-new-york

So is the sale going to be inhibited by the lien?

Whatever happened to the OP JWL2672?

sorry, I meant "deserving parties" in that last post. It's late and time for the old folks to go to bed.

It's not nuts. One simply cannot buy a condo and rent out the unit on a daily basis. There are limits to what can do with a unit even in a condo. The Post has a history of flashy by-lines and weak reporting, so anything you read there needs to be taken with a grain of salt, but I do agree the story may be more about defying the court order than the actual rental of the apartment. JWL needs to better explain why this is nuts. The apartment owner is renting out an apartment in violation of his building's by-laws, the board, a judge and is showing disrespect to his/her fellow neighbors apartment owners. What's next a brothel, or just renting out the apartment to hobos for hourly rate so they can shower?

JWL doesn't need to explain anything, but anyone doing a reno would have a board's seemingly capricious and arbitrary decisions on the brain. He just reacted to a sloppy story without letting it settle. We've all done worse at 6:00 in the morning....

>The first time the judge tells you to "move on," it would be a good idea to reevaluate the strategy.

Judges are naturally cranky.

It's strange, but I've become sort of fond of and proprietary about her.

Maybe it is a bad photo, but she looks fairly ugly to me.

First time I've read this thread. Very entertaining. Can't wait to see what happens next.

suing the lawyers? That's a good one.

are you an attorney?

Something you need help with?

I'm surprised her bf is from Brooklyn, given how connected he is with important people in the legal community.

Not as bad as Tacoma.

What did she get on sale?

Don't know. In all those exhibits, if the amount was mentioned, I missed it.

God - the lawyers must be making a small fortune on this situation! Best street easy thread ever.

The sale was finally recorded. It went for $608,000: http://streeteasy.com/nyc/sale/791725-condo-80-john-street-financial-district-new-york

wow

>Maybe she wants the names of everyone who was mean to her....

Well good luck, I signed up as About C0unty.

You signed up with a new handle? Shocking.

No aboutready, the "real" name I gave for fieldschester was About C0unty.

The main issue is, obviously, "c) refuse to pay legal fees due and owing to counsel in this matter".

that's the issue?

you don't know?

figures.

C0C0 doesn't care about things like the Post or LinkedIn.

I got the same e-mail, dated 5:57 today.

And a Facebook invitation.

obviously...you did it.

Looks like hfscomm1 aka fields chested et al,did it

The name seemed familiar but I couldn't place it so I did a search for him on Google and then it all came back. It will be interesting to see what, if anything, does happen.

very interesting thread--as always, NWT, you are very good. I know that to receive props from me is not a big ambition of yours, but thought i'd throw that out there.

and general, you get props too. i'm off to ggole to learn more.

Oops, I must've deleted some of the e-mails. There was a whole stream of them.

Maybe I'll compare what's left against a copy of the thread's first page from about five weeks ago.

I agree with yikes

http://cc.bingj.com/cache.aspx?q=site%3astreeteasy.com+You+can+now+go+to+jail+for+defying+board%3f+&d=4786158124795248&mkt=en-US&setlang=en-US&w=ETe4OjhjgFuAfkm0JzlZuNnkEV8Icq2a

http://webcache.googleusercontent.com/search?q=cache:D2AHcoIYApMJ:streeteasy.com/nyc/talk/discussion/33956-you-can-now-go-to-jail-for-defying-board+&cd=1&hl=en&ct=clnk&gl=us

deleted posts include:

greensdale

about 10 months ago

Posts: 3812

Member since: Sep 2012

>The boyfriend is no stranger to failed litigation: http://law.justia.com/cases/new-york/other-courts/2011/2011-ny-slip-op-51915-u.html

? Kevin Harrison?

NWT

about 10 months ago

Posts: 5895

Member since: Sep 2008

The boyfriend's name is Harrison Karp, not Kevin Harrison.

The Post's reporter misread the e-mail thread at https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=m0xiRZoMhhi3TL/NX62/cw==&system=prod

generalogoun

about 10 months ago

Posts: 336

Member since: Jan 2009

** The boyfriend's name is Harrison Karp, not Kevin Harrison.

The Post's reporter misread the e-mail thread at https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=m0xiRZoMhhi3TL/NX62/cw==&system=prod **

Wow, I just read that e-mail exchange. I wonder what the folks on the NYSBA Ethics Committee would have to say if they read those bratty threats. The chutzpah is breathtaking. But I guess that's what you can expect from a vice president of a financial service firm that I can't even find in an internet search.

And speaking of high professional standards -- If people still needed newspapers to wrap fish, I would understand why I see so many copies of the NY Post being purchased and read on the subway. I wonder how hard the paper's so-called journalist could have tried to get a comment from the boyfriend when they didn't even bother to get his name right. The Post evidently has the same journalistic standards as Fox News.

inonada

about 10 months ago

Posts: 5050

Member since: Oct 2008

She works at Privet Capital, as it states in the article. Used to work at Permian, which is a related place.

The place is up for sale:

http://streeteasy.com/nyc/sale/791725-condo-80-john-street-financial-district-new-york

inonada

about 10 months ago

Posts: 5050

Member since: Oct 2008

>> The 2007 sale for $598,000 was from sponsor to a married couple. The woman shares Sophie's surname.

Ksenia Grishanova and Sophie Grishanova are the same person. Most clearly spelled out in the 2011 mortgage consolidation ("Ksenia Grishanova A/K/A Sophie Grishanova"). Also in the 2011 deed "One of the Buyers is also a Seller".

inonada

about 10 months ago

Posts: 5050

Member since: Oct 2008

>> I wasn't actually interested in the answer to the question, just wondering if I could push the button and the answer would spit out.

Yeah, I got that. I like to play along.

Gotta wonder, though. What makes a well-educated person lose her marbles to the point where she is running her condo as a hotel room and defying a court order to the point of jail? According to her LinkedIn page, she "Studied finance and investment management through Columbia’s Value Investing program." Having bought into a crap-yielding 2007 Manhattan condo while having studied "value investing", that's rich. Maybe she's driven to this behavior by the $144K hole in her soul. If she were sitting on a $144K profit, would she be behaving like such an ass?

Ottawanyc, what's causing you to lash out at me for no good reason?

NWT

about 8 months ago

Posts: 5895

Member since: Sep 2008

A little tidbit from a hearing yesterday on another $25K of the legal fees that Sophie'll be paying: https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=fh6p46GVX4xkUFm/1XjjGQ==&system=prod

I take back my "a few bucks left for Sophie" above.

NWT

about 8 months ago

Posts: 5895

Member since: Sep 2008

Today the judge ordered the sheriff to haul Sophie's butt into court, to decide whether her contempt of court should be punished with jail time.

https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=pyKCuUVc5dmDfuWmCzJuoA==&system=prod

In other news, the condo has asked the judge for orders to prevent Sophie from spiriting away the money when her sale closes. That's scheduled for the 15th, for $618,000.

and a good number of other posts.

There were definitely 2 pages before our corporate friends at Zillow started deleting.

http://streeteasy.com/nyc/talk/discussion/37173-se-selectively-not-approving-or-deleting-posts