Speaking of houses, corruption among the city admin and their cronies, this was passed on to me a couple weeks ago, I've been working on confirming some of this info and decided all this stuff about foreclosures and assessments lately, especially with the DellaRatta story, well, this is appropriate.
Here is a photo of a house that went into foreclosure. The image is from a few years ago. If anyone ventures into the city, this area of the city, with a camera, take a photo of it currently, could you?
The house was sold to someone in June 2010 for a paltry $2,500.
Here is the EVIDENCE. Obviously the house was uninhabitable.
Obviously the previous owner did not grieve the assessment, so at the time of sale the assessed value was $52,700. Remember, the purchase occurred in 2010, after the May grievance period. And obviously the new owner did not grieve the assessment during 2011 as proven by the $52,700 assessment on the Final 2011 Assessment Roll. Also, the tentative 2012 was still $52,700 so it's not a case of appealing at the SCAR level.
Here is the EVIDENCE of what I just stated
However, in 2012, the new owner did grieve the assessment and because the lowered assessment appears on the July 1 Final Roll, it is proof that this owner got the assessment reduced to $33,800 by the Board of Assessment.
Here is the EVIDENCE from the Final 2012 Assessment roll
The owner MIGHT have asked for a larger reduction at the Board level and therefore in 2012 appealed at the SCAR level (which occurs AFTER publication of the Final Roll for the year, simply because property values are MASSIVELY FALLING thanks to wild spending on downtown using taxpayers' money--so there are many appeals to the SCAR level).
OR the owner waited until January 2013 and had an "informal review" with the assessor (a meeting that is NOT granted to the average homeowners under the dem city administration as many homeowners have complained and spoken about).
In any event whether via the SCAR level OR the informal review, the new owner was granted a reduction in assessed value to just $18,000 - that is what appears on the Tentative Roll (the May 1) for 2013 (and stays the same for the final roll.
Here is the EVIDENCE of such assessed value
The assessed value continues to be just $18,000 as shown in the Final 2014 Assessment Roll (unless the owner did grieve and is appealing at the SCAR level). So
here is the EVIDENCE of the 2014 assessment being juts $18,000.
When a person buys a house from the city in foreclosure, the purchases is
OBLIGATED to live in it.. The city gave this new owner a $15,000 mortgage.
Here is the EVIDENCE of such mortgage (and since, by law, this is a matter of public record, everyone can to go the website and read the complete mortgage, I have included excerpts only):
As stated above, this purchase MANDTES, OBLIGATES the new owner to occupy the house "for" minimum "five years from the execution of the mortgage" The mortgage was executed, as EVIDENCED in the above image, on June 3, 2010. It is now just over four years from that date. Naturally there must be some reasonableness, maybe like 6 months, to make the house habitable. So by the end of 2010, I would say the new owner would have had to have made necessary repairs AND be actually living IN the house.
Here is the EVIDENCE that proves that the new owner is required to occupy the house.
Now, here is the most astounding piece of information. This is a MAJOR INSULT to anyone who buys a house in the city or anywhere.
Even with FHA and SONYMA mortgages homeowners are MANDATED to pay regular monthly payments-- with principal AND interest-- typically for either 15 or 30 years..
How does this POLITICAL CRONY of the city dems get an INTEREST FREE mortgage AND how does this owner get absolved of making any regular repayments to the city ???????????? Remember since the city gave him money, that means the rest of the financially struggling homeowners are essentially giving this guy an interest free loan AND since the city had this as an expenditure, the city has to increase taxes to cover that $15,000. Granted it's only a small amount, but most homeowners are struggling financially and are NOT afforded the ability to get an interest free mortgage without any repayment schedule.
So here is the EVIDENCE of the lack of such requirements - see that circled in green.
Now, lastly, has anyone figured out who the owner is? It's a political crony of the city dems (and one of King Phillip's people).
Here is the EVIDENCE of that FACT
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