Couple defend rights to street
By Lia Zhu in San Francisco | China Daily | Updated: 2017-08-22 07:26
A Chinese-American couple said they will stand by the city of San Francisco and defend their ownership of a street in one of the city's richest neighborhoods, where the homeowners want the purchase negated.
Michael Cheng and Tina Lam, both real estate investors based in San Jose, bought Presidio Terrace, a private oval street, for $90,100 in 2015, when the city put it up for auction because the homeowners association failed to pay property tax bills for three decades.
After learning of the sale of the street and sidewalks, the homeowners sued the city. They petitioned the city Board of Supervisors for a hearing to rescind the sale. A hearing is scheduled for Sept 5.
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