The following is a post written by our neighbor Jim Ehnborn:
Phase 2
I heard today from a reliable source today that Sterling is planning to build smaller homes in Phase 2 under the Afford A Home company. They will be a lower quality home than the Sterling line. Presently they are starting at about 1400 sq ft. They started the business building starter homes under the Afford A Home company and then formed the Sterling line. They are going back to the basics.
Phase 1
I also heard from a reliable source today that Horizon Bank has a builder ready to break ground by the end of November on the remaining Pacific Coast lots in Phase 1. It is hard for me to believe that Mastro has not already changed the CCRs for Phase 1 to allow 1200 sq ft homes. He just hasn’t recorded the document with Pierce County.
We need to get the injunction issued to immediately stop this type of construction in Phase 1 and 2. Let them build the homes in Phase 3.
We have a real deadline for raising the money. We will need to have a higher percentage of homeowners showing an interest in saving our community. The 45% participation won't work. We can’t consider going to court with less than 80%. Either we believe in and support the cause or we don’t.
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5 comments:
Afford-A-Home was one of the builders in our old neighborhood (built in 2000-2001). The houses were unattractive and all looked the same. Our house was not built by them, so I can't say anything about the quality. I'm sure they build a decent starter home, but in my opinion they don't belong in a high-quality neighborhood like Grand Firs.
We are currently trying to refinance and are worried about the appraisal coming in too low. The fact that Reich has sold homes for as low as $300k is threatening to keep us from refinancing. Imagine what will happen to our values if 100 homes are build and sold for $200k each.
How can we go about getting more people on board?
Good luck with the refinance. We purchased our home in Grand Firs a little over 2 years ago. about 5 months ago we refinanced and our home was worth $370,000 less than we paid for it. From what I have been reading lately, our home is likely worth about $100,000 less than we paid for it at this point. I am not sure if you paid P&I when you financed in the first place, but if you did not, be prepared to pay P&I now if you do not have 20% equity.
Cynthia Davis
Im curious as to know...has EVERYONE who lives in this neighborhood been advised of this current situation...and if we still only have a small percentage of neighbors on board...even after being approached with the game plan?
If we cannot move forward with the legalities that need to take place in order to stop the demise of our community, because a large percent of my neighbors are STILL not willing to contribute...Im gonna be VERY disappointed, and probably alittle bitter.
What actions are being taken RIGHT now when it comes to the collecting of funds...and is it working?
Unfortunately,we have missed the meetings. However, we do support the Grand Firs Alliance, we just need to know where/who to give the funds to!
Thanks,
Paul Crowe
Brandi Manning
Paul and Brandi, thanks for the comment and the support! Jim (8307 229th) would be happy to accept your check. Thanks :)
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