Baltimatt

Million dollar vacants

6 posts in this topic

http://www.baltimoresun.com/news/maryland/investigations/bs-md-ci-million-dollar-vacants-20170728-story.html#nws=true

Quote

 

For 30 years, the city has tried to collect the growing debt of John Stevens.  Stevens is listed as the owner of 2032 Penrose Ave., a boarded-up old corner store with a bay window on the second floor and a pile of junk in the backyard. Officials say the money he owes for taxes, water bills, fines, fees and interest on the property has grown to $1.76 million.  Stevens has been dead since 1989.

The crumbling, century-old building he owned in West Baltimore is one of at least 15 properties on the city’s tax sale list that have accrued more than $1 million in debt over the past decade.

 

The property is assessed at $5,000.  

The system needs to be revamped.  No one will buy a property with liens more than the property is worth.

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8 hours ago, Rebelwithacause said:

?

What don't you understand?   

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At least $15million that the City is carrying on the books that will never be paid, and the buildings continue to dilapidate. This lein limbo is why it takes so long to demolish vacant and boarded up buildings. 

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1 hour ago, PinkFlamingo said:

At least $15million that the City is carrying on the books that will never be paid, and the buildings continue to dilapidate. This lein limbo is why it takes so long to demolish vacant and boarded up buildings. 

That's the problem right there.  Nobody has the stones to balance the books and make the books match the real value.  Idiots

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3 hours ago, demopublican said:

That's the problem right there.  Nobody has the stones to balance the books and make the books match the real value.  Idiots

Hey ... it is BC goooberment at it's finest. Don't be so hard on them....it was after all the previous admins fault. :lol:

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