The newspaper reported that a meager $1.9 million was collected from the tax sales. The fact that foreclosure is on the rise may contribute to investors not wanting to purchase homes that may be protected by new foreclosure laws. And the fact that landbanking for investors was institued by the Republican led Allen County Commissioners.
But that part of the story was not what caught my attention, it was the amount Auditor Liz Blosser stated was collected in 2006. As a person who attended the October 9 and I believe October 10 sales, it's a figure that makes you want to go and take a look at Blosser book keeping. In 2006 many homes went on the auction block because of the overassessing of property to pad the local coffers.
But first let's take a look at what the auditor office was so happy to report collect in 2005. Drumroll please ! $15 million was collected in 2005. Now the law changed in 2006 eliminating the spring sale.
What happen was a lessor number of property went up for sales, "Allen County Auditor Lisa Blosser said Allen County sold 943 properties in 2005, bringing in more than $15 million.", according to one newspaper.
Allen County sold 642 properties in 2006 (new article states 702)compared with 943 in 2005 and 449 in 2003.
So folks don't believe that less money was collected, more like less more was reported to be distributed to the various . Millionaire investors were in the city flipping property left and right. Is this not the same time that my friend and your, Freier was buying up a ballpark?
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