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Content transferred from https://www.posohio.org/index.html August 14,2023
Buyer's Agent
Ensures the Buyer have ALL required documents, shows property and submits offers. This Agent works for you (Buyer) to get the best deal in a real estate transaction.
Before placing any offers the Agent should send a copy of the most recent POS inspection for the property.
This is full disclosure. If after shown the POS Inspection ,the Buyer wants to buy then they are aware and accepts the consequences of this bloody nightmare when they sign the acknowledgement form PRIOR to entering the purchase agreement.
Failure to disclose cost the Buyer hundreds of thousands of dollars.
For an Agent to do this to a Client, it raises red flags, as to how many other Clients were thrown off the bridge. To do an act like this to an out of state Client ,who drove across country to make the Agent a commission is beyond wicked and diabolical . Straight up Gangster #$@#$!
Learn how one Buyer chose the wrong Realtor : www.2591LeeRoad.com
Seller's Agent or Seller
Disclose the approved or not completed POS Inspection to ALL potential Buyers.
Sell the Property for the most profit.
They work for the Seller.
In this case the Seller's Agent was part Owner. They knew or should have known about the repairs.
Educate yourself before buying property in Cleveland Heights
wwww.2591LeeRoad.com
Buyer's Lender and Underwriter
Offer rates on your loan.
They gather ALL required documents by law to transfer the property.
A signed copy of the Acknowledgement form and POS certificate should be on file prior to going into closing.
The lender works for the Buyer.
If the lender does not request the acknowledgement form during underwriting and does not respond to your emails after you close on the property, chances are, they are in on the scam.
The lender makes money when the property closes and when it foreclose they control who will buy the property.
Educate yourself before buying property in Cleveland Heights.
www.2591LeeRoad.com
Buyer's Lender and Underwriter
Offer rates on your loan.
They gather ALL required documents by law to transfer the property.
A signed copy of the Acknowledgement form and POS certificate should be on file prior to going into closing.
The lender works for the Buyer.
If the lender does not request the acknowledgement form during underwriting and does not respond to your emails after you close on the property, chances are, they are in on the scam.
The lender makes money when the property closes and when it foreclose they control who will buy the property.
Educate yourself before buying property in Cleveland Heights.
www.2591LeeRoad.com
Title Company/Escrow/Notary
They are chosen by the Seller to gather all documents and research the property. They would contact the city for a clearance letter for the inspection escrow with a signed copy of the Buyer's Acknowledgement form. The scam comes into play when when you try and file a claim against the title company. The title company will state they are not responsible for any documents and shift the blame to the Seller, and you and the Seller agreed to hold them harmless of any wrong doings.
The title company did not get the clearance letter from the city yet you are to hold them harmless. Avoid title companies that run game on people.
If a title company do this to one person and get away they will do it again .
Educate yourself before buying property in Cleveland Heights.
www.2591LeeRoad.com
Home and Pest Inspectors
The Home Inspector inspects the property and gives the property a seal of approval or informs you of major issues i.e. an electrical box is overloaded.
The Home inspector works for the Buyer.
In addition the Home Inspector should have a copy of the POS inspection to compare if all violations were completed.
Most Realtors bring a copy to the inspection and walk thru the property checking off all violations.
If there is no mention of the POS violations during inspections this may be a red flag for a set up.
The Pest inspection is often paid by the Seller and works for the Seller, especially if the Seller is a repeat customer such as a contractor ,realtor or ,house flipper.
Educate yourself before buying property in Cleveland Heights.
www.2591LeeRoad.com
Appraiser/ VA Appraiser
The Appraiser works for the Buyer and lender to ensure they are buying a property worth the loan amount.
The POS Inspection report would be part of the evaluation in value.
The value on an appraisal is the deal breaker or maker.
If the Appraiser claims (for VA loans only ) there were no repairs required
and there were several repairs that impacted the value, this could be deemed as fraud.
For example, if the loan is for $232,500 and the appraisal came in at $260K this would help guarantee the loan.
If the appraisal came in at $150K this would abort the loan.
If the Buyer purchased the property and discovered tens of thousands of dollars in repairs this may be a problem for the Buyer if they do not have POS POWER.
Educate yourself before buying property in Cleveland Heights.
www.2591LeeRoad.com
County Registrar
They work for and with the city to transfer property in accordance to city ordinances.
If a POS document is required they should ensure it is on file otherwise the property can not transfer per the city ordinances.
Selling a property for a higher value than what is it worth only benefits the City and County with higher taxes.
If the price doubled after the sale that means the taxes will double.
If the property was valued and sold for $100,000 the taxes were $4000 in 2019 and sold the next year for
$232,500 the new taxes will be in excess of $8000 per year.
Taxes will jump from $333..00 to over $666.00 per month creating the perfect storm for foreclosure.
There is a slight chance this Owner will get a tax reduction because the County dont give a hoot how the property was sold. All they see it was SOLD for $232,500 and they will collect taxes for that amount or more.
Your @@@ will need to pay taxes while you wait on the dispute which will conveniently take place the next year or after you have pair that year taxes.
The Owner 's increased mortgage payment is in the hands of the County.
www.2591LeeRoad.com
City Housing Inspector
They generate the POS inspection reports, sets the amount of escrow required and approve all repairs and suppose to enforce the city ordinance or forward it to the proper channel.
They work for the City and County.
In order for the property to transfer Escrow sends a letter with the Acknowledgement form.
If a City Housing Inspector gives you a blank Acknowledgement form after you closed on a property, this may be a very questionable act of concealment and fraud.
The Buyer has purchased the property this is not in accordance to the city ordinance and possibly have no knowledge of the Point of Sale.
February 14,2020 the property closed.
February 25,2020 the clerk at the Housing inspector 's Office asked the Buyer to sign and return the Acknowledgement form and gave a copy of the POS inspection.
EVERYONE KNEW THE BUYER WAS NOT AWARE OF THE POS INSPECTION VIOLATIONS.
THE POS INSPECTIONS PROTECTS CERTAIN PEOPLE AND ROBS OTHERS OF HOMEOWNERSHIP.
THE BUYER PURCHASED A PROPERTY WITH EXCESSIVE VIOLATIONS THAT WERE NEVER COMPLETED.
If someone violates the transfer of property they can initiate select penalties.
The gut punch is that the city will require the owner to have a POS inspection and comply fully with the city ordinance .
A high possibility that the escrow will be excessive or equal to the equity in the property for the same violations over the past POS inspections that were stated.
There will be not one Title company that will transfer the property unless the city has signed off and the Buyer has signed the Acknowledgment form.
FOR THIS REASON THE POS INSPECTIONS SHOULD BE BANNED!
www.2591LeeRoad.com
EXCESSIVE TAXES PLUS EXCESSIVE POS ESCROW EQUALS LOSS OF GENERATIONAL WEALTH THIS IS NOT AFFORDABLE HOUSING.
SEEK HOUSING ELSEWHERE, HIRE YOUR CHILDREN PRIVATE TUTORS .
STOP BUYING INTO THAT SCHOOL DISTRICT MALARKEY TO JUSTIFY EXCESSIVE TAXES. HAVARD,YALE OR THE LIKES ARE NOT LOOKING TO ENROLL YOUR CHILDREN.
SOME HAVE REDUCED TAXES ,OTHERS NOT, ON THE SAME STREET ,SAME CITY.
SOME HAVE POS POWER,SOME NOT.
IF YOU DONT HAVE POS POWER,WHY ARE YOU BUYING PROPERTY HERE?
SEE A REAL SITUATION WWW.2591LEEROAD.COM
THIS MESS CAN HAPPEN TO YOU IF YOU BUY INTO THIS POS MESS!
Cleveland Heights Ohio is among the highest taxed city in Cuyahoga County,
IF-2006- Reduced value $18,000
BOR-10/12/2011 Certified value $166,700
IF- 2018-Reduced value $21,000
A dunghill of mess transpired 2019-2020.
Eight years later property was sold for less than purchase price.
BOR- 08/02/2019 Certified value $240,000
How did this great reduction occur? It was justified by the sale of $100,000.
POS POWER in full throttle to transfer the property.
Possibly, they have POS POWER or know someone
Cuyahoga County Fiscal Officer
POINT OF SALE INSPECTION REPORTS
This will give you a clear picture of what you may encounter.
2591 Lee Road POS escrow history requested from Cleveland Heights records.
03/14/2019- $43,650 then reduced to $15,650
Take the tax mess and the POS mess combined and it is a bloody mess.
Public records request for Cleveland Heights
CLEVELAND HEIGHTS POS INSPECTION
MUNICIPALITIES WITH POS INSPECTION REQUIREMENTS
A small percentage have this POS MESS.
The only reason to have this POS in place is to have absolute control over the people and their most valued asset.
No homeowner would buy into a community with a POS inspection knowing how they fully operate and their equity would be at risk.
The reasons people stay in these communities so long is because they cannot afford to make the many and excessive repairs that could generate from the inspection.
In order to live in a POS community you need POS POWER which comes in the form of wealth and knowing the right people or clicks.
It is safe to say that a number of homeowners are forced to live in a place they would rather not.
Before purchasing in Ohio visit the city's website to learn if they require a Point of Sale Inspection.
If you want to know who has POS POWER place a For Sale By Owner sign in your yard or on Zillow. They will contact you and let you know they have POS POWER.
Also expect trespassers to trespass this is a tactic to force you to sell or take the property off the market. The trespassers are protected under POS POWER.
Before placing your property on the test market install a security video system to protect yourself ,in case one of these idiots jump off the chain.
There is a high possibility you will not make a profit or even on selling your property.
If people are educated about what they are buying into maybe this will force city leaders to remove the POS requirements.
If the people want this beast to stop robbing them of generational wealth, they must take a stand and stand together. One person will not stop this beast of injustice.
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