Apparently somebody wants to pay hard cash and buy my friend's home. Which could be the beginning of a new trend here. Unsolicited and unwanted real estate offers written on a child's lined notebook paper and mailed directly to the targeted house. Perhaps it is the work of a DIY non-traditional real estate predator who wants to make an Arcadia-style scrape and drape mansionization deal work in Sierra Madre? That and make some really mad stacks off of the assumed gullibility of the party currently living there while doing it?
Maybe, and perhaps not. Here is the scan of that letter:
Pretty wild, right? Handwritten on lined loose leaf paper, and personalized with a phone number and a confidential plea for a personal call. All as stuffed into an envelope with an actual postage stamp on it. It certainly does seem sincere.
I admit that I am disappointed that no offer came with this note, however. Despite the claim that there was something like that to review. I guess Danica wanted the chance to size up her target first before making any offers. Apparently that kind of detail would have been discussed during the hoped for phone call. Which, as of this typing, has not happened yet. Nor, I suspect, will it occur anytime soon.
Here is the key to this mystery. The house of my friend sits on a very big lot, much larger than most found here in Sierra Madre. So I suppose that we can assume our carefree and capricious friend Danica has lined up some major cash financing from a party that wants to build an Arcadia-style starter castle here.
What else could it be? Apparently it is the size of that lot and not the quaint though attractive Sierra Madre home currently sitting upon it that is the main attraction here for Danica. That and the potential to double or even triple her money should she ever persuade my friend to sell. Done by tapping into the oceans of foreign cash being plowed into mansionizing this area.
So who is Danica Patton? Apparently she isn't the dumb bunny real estate newbie her goofy note might suggest. But instead a woman with a sophisticated knowledge of how these matters work, and the ability to finance such highly profitable property deal. After all, and as she says, Danica can offer you what nobody else can.
Here are a couple of things that turned up in our cursory Google search.
Judging by the topic of her book it does appear that Ms. Patton does have some major expertise in the house trading world. Here is an Amazon blurb about "Where Do You Go From Here" (link).
In 2005 Danica started investing in Real Estate as a wholesaler with her partner, now husband, Rob Patton. Danica was constantly approached by Homeowners who owed more than their home was worth, could not afford their payments and did not want to loose their home. Due to the change in the market, Danica made it her mission to help every homeowner she could in Southern California avoid Foreclosure. Since then she has been specializing in educating hundreds of homeowners about Real Estate so they know their options in avoiding Foreclosure so they can get back on track towards home ownership. Her mission statement says it all, “Solving Situations, One House At A Time”. Danica and her husband reside in Altadena, California where she owns and runs a Full Service Real Estate Brokerage called California Property Solvers. California Property Solvers is registered with the BBB with an A+ rating.
A search for California Property Solvers turned up this block of throbbing prose (link).
California Property Solvers was originally created 11 years ago as a construction company building custom homes as well as rehabbing homes in Pasadena, California and the surrounding areas. Throughout the years the company has grown into a Full Service Real Estate Brokerage located in the heart of Altadena, California.
California Property Solvers is now a family run boutique Brokerage with 5 specialty divisions: Luxury Homes, Investment Properties, First Time Home Buyers, Educating Homeowners in Real Estate and Helping Homeowners Avoid Foreclosure. We incorporate a team of Real Estate Attorneys, Escrow Companies, Title Companies, Mortgage Brokers and Licensed Realtors.
OK, so we have found our lady and the source of the unsolicited offer to buy a Sierra Madre house on a very big lot, as written by hand on lined notebook paper.
But this does beg another question. Why Sierra Madre? Isn't this place on lockdown as far as McMansion development goes? Haven't the actions of our City Council these last 18 months or so made that kind of thing improbable, and perhaps our Danica is wasting her time here?
Well, maybe the City Council did do that. But perhaps a smart lady like Danica Patton might also have figured out that the situation has changed in the last couple of weeks. Actions do have consequences, and there is always someone around who is going to see the opportunities.
Here is a chart that was sent to The Tattler detailing changes then Mayor John Harabedian, with a grinding lawyerly persistence, plowed into the R1 planning revisions the Planning Commission put together. Specifically allowable square footage changes. Note the section highlighted in yellow.
If this is our smoking gun, and John Harabedian's changes have opened up certain properties here to the outré' blandishments of the Danica Pattons of this world, then perhaps more people with homes on big lots will be getting their own handwritten letters soon.
You never really know for sure, at least at first. But you can always make an educated guess.