SF supes reverse sale, return private Presidio Terrace street to homeowners

Adam Ettenson Real Estate Leave a Comment

The San Francisco Board of Supervisors on Tuesday voted 7-4 to overturn the sale of Presidio Terrace, a looping, exclusive street that went on the auction block after its residents failed to pay $994 in back taxes. Not surprisingly the South Bay buyers are now threatening to sue the city.

This raises some interesting questions such as: Would this outcome have been the same if it occurred in a less affluent part of town? Was it fair for the Board of Supervisors to reverse the sale or should they have left the sale intact?

Read the full article here: SF Supes Return Private Street to Homeowners

 

 

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Adam Ettenson

Adam Ettenson, Real Estate Broker. Recovering Attorney. Passionate about real estate, the community, and the environment. Living, eating and breathing all things real estate since 2004.