Thursday, December 15, 2011

Even Banks Aren't Safe from Foreclosure

Residential and commercial properties and slivers of un-buildable land have gone years without the property taxes being paid and Tax Collector Manny Cambra says the town can no longer wait for the lost revenue. A lengthy list of properties and owners includes HUD and Duetsche Bank.

"Both HUD and Duetsche Bank foreclosed on people and didn't want to pay the taxes, so I'll foreclose on them," Cambra said.

When Cambra called the federal Department of Housing & Urban Development, he said nobody there knew who was supposed to deal with the town tax bill.

Cambra said all of the property owners on the list had received notices of their delinquent tax bills numerous times. Most have been delinquent for years 2008, 2009 and 2010. Bills that continue to go unpaid will be sold at what's called a tax sale in March.

A tax sale allows a tax collector to sell properties in an auction to collect taxes owed. The town may not place a bid itself, but if there are no bids for a property, the town may assume ownership.

On Monday night, the Town Council voted unanimously to give First Selectman Steve Vavrek or a designee the authority to take ownership of property that is not bid on at the tax sale.


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