Notable Tax Foreclosures Downtown

[Shollin]

You cannot enter a contract with the city if you owe them money,if you buy a piece of property at foreclosure auction you are entering a contract to purchase with the city.

After it goes to auction that debt is gone. I've read and seen numerous reports on this scam.

[Richard]

After it goes to auction that debt is gone. I've read and seen numerous reports on this scam.

I agree it happened in the past but now you have your new city charter ,it should not apply in the future ,we will see if Ms Crittendon has her pencil sharpened.

Remember the whole thing with the state,it was because the charter changed to you cannot enter a contract with the city if you owe them money,if you owe back taxes you owe the city money.Use your tools provided.


The auction was over on July 10 so maybe we will see some news on the people that tried that route again and if they were prosecuted,if not then I guess the state might have a case against the city.

[Hermod]

I agree it happened in the past but now you have your new city charter ,it should not apply in the future ,we will see if Ms Crittendon has her pencil sharpened.

Remember the whole thing with the state,it was because the charter changed to you cannot enter a contract with the city if you owe them money,if you owe back taxes you owe the city money.Use your tools provided.


The auction was over on July 10 so maybe we will see some news on the people that tried that route again and if they were prosecuted,if not then I guess the state might have a case against the city.

So you form a Sub S corporation and your corporation [[which is debt free) buys the property back for $500.