Tuesday, May 4, 2010

The Partnership Property & Conflict of Interest w/ the Appraiser

(Under) assessed by Holden Associates in 2004 at $120,000 (hired by Defendant Robert Jubic for his divorce) http://maps.google.com/maps?hl=en&q=19+cross+street,+troy,+ny&ie=UTF8&hq=&hnear=19+Cross+St,+Troy,+Rensselaer,+New+York+12180&ll=42.705875,-73.697644&spn=0,0.003653&t=k&z=19&layer=c&cbll=42.705714,-73.698665&panoid=5evbHRJpynOktXQYIUgCgw&cbp=13,81.25,,0,7.05
and re-accessed again in 2007 (hired by the court) also by Holden and Associates at the same $120,000 value~!

At the time of the second (court ordered appraisal) Defendant Robert Jubic was the only one accompanying the appraiser for the walk-through of the building. There was no one else there to witness if a "bribery" had occurred. However,

Do you think there is possibly "too cozy" of a relationship here between the Defendant Robert Jubic and his regular appraiser Holden and Associates to have had allowed Holden do the re-accessment three years later for the court? Isnt it strange how the court just pulled "Holden and Associates" out of the hat to do the second appraisal? Isnt it really strange that this BEAUTIFUL 5 unit apartment building was (under) appraised (for the defendants divorce) in 2004 at $120,000 and then again re-appraised in 2007 ("for the courts) at the same figure of $120,000? Isnt it strange that the defendant didnt notify the court of the conflict of interest when he found out that (his personal appraiser which he uses on a regular basis for his numberous OTHER income properties) ? We did not become aware of the fact that Holden had appraised the building for the defendant in 2004 until after the (damage) of the 2007 appraisal was done.

Isnt it strange that between the years of 2004 and 2007 this BEAUTIFUL commercial income-generating 5 unit apartment complex did not appreciate in value by even one dime, while other commerical properties in the area increased by about 8% ? Me thinks so. How about you?


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