It has been a constant problem knowing what to tell
people who wish to help what can be done about this
situation.
First, here is a petition that can be signed to let Doug
Gale know what the Community at large would like to
see happen...
Since Destiny-98 has gained control of the property and is not
competent to realistically evaluate it's market price, there is little to be
gained by attempting to negotiate a buy-back price.
Destiny-98 has maintained in the past that the property was worth
$300,000, then they were willing to accept $50,000, then $300,000 again,
then they affirmed that they had a "cash buyer", a "bargain hunter" at
$180,000 - an offer I advised them to accept. In an attempt to sell the
property to a third party, they again asserted that it was worth
$180,000, cash sale.
None of these prices, except perhaps the $50K figure, is in the least bit
realistic.
For a while, REO America was running an ad in the Ann Arbor News
classifieds under 'Farms and Acreage-Sale' that listed 1960 S Maple as
a "MUST SELL" property, "MAKE AN OFFER - Cash buyers only!" that
perpetuated the canard that the property has commercial potential.
The phone number given was for REO America. It is a scan of this ad
that appears on our Home Page...
Since simply sending Destiny-98 sacks of cash is not an option, the
following are some constructive suggestions:
1. Contact the parties involved and let them know how you feel
and what you think they ought to do. Addresses etc can be
found at this link. Destiny-98 and operations of their kind seek
obscurity in which to operate. Deny it to them.
2.There have been offers of financial aid which I have been
reluctant to accept until some structure for re-purchasing 1960 S
Maple is in place, otherwise, there is no way to plan for
reimbursement.
In spite of this, there are options that can help which will be
elaborated later.
3.Lastly, if you live in a State or County where tax lien or tax
deed sales are part of the property tax collection process,
contact you State or County Treasurer and urge them to adopt a
plan modeled after that in place in Michigan which is now
structured to prevent situations like 1960 S Maple's.
Here is the site for the Washtenaw County Treasurer outlining
the new property tax collection procedures (1960 S Maple is
located in Washtenaw Cty):
http://www.ewashtenaw.org/government/treasurer/tr_taxes.html
Contact Washtenaw County Treasurer Catherine McClary for
further information:
http://www.ewashtenaw.org/contact_us
people who wish to help what can be done about this
situation.
First, here is a petition that can be signed to let Doug
Gale know what the Community at large would like to
see happen...
Since Destiny-98 has gained control of the property and is not
competent to realistically evaluate it's market price, there is little to be
gained by attempting to negotiate a buy-back price.
Destiny-98 has maintained in the past that the property was worth
$300,000, then they were willing to accept $50,000, then $300,000 again,
then they affirmed that they had a "cash buyer", a "bargain hunter" at
$180,000 - an offer I advised them to accept. In an attempt to sell the
property to a third party, they again asserted that it was worth
$180,000, cash sale.
None of these prices, except perhaps the $50K figure, is in the least bit
realistic.
For a while, REO America was running an ad in the Ann Arbor News
classifieds under 'Farms and Acreage-Sale' that listed 1960 S Maple as
a "MUST SELL" property, "MAKE AN OFFER - Cash buyers only!" that
perpetuated the canard that the property has commercial potential.
The phone number given was for REO America. It is a scan of this ad
that appears on our Home Page...
Since simply sending Destiny-98 sacks of cash is not an option, the
following are some constructive suggestions:
1. Contact the parties involved and let them know how you feel
and what you think they ought to do. Addresses etc can be
found at this link. Destiny-98 and operations of their kind seek
obscurity in which to operate. Deny it to them.
2.There have been offers of financial aid which I have been
reluctant to accept until some structure for re-purchasing 1960 S
Maple is in place, otherwise, there is no way to plan for
reimbursement.
In spite of this, there are options that can help which will be
elaborated later.
3.Lastly, if you live in a State or County where tax lien or tax
deed sales are part of the property tax collection process,
contact you State or County Treasurer and urge them to adopt a
plan modeled after that in place in Michigan which is now
structured to prevent situations like 1960 S Maple's.
Here is the site for the Washtenaw County Treasurer outlining
the new property tax collection procedures (1960 S Maple is
located in Washtenaw Cty):
http://www.ewashtenaw.org/government/treasurer/tr_taxes.html
Contact Washtenaw County Treasurer Catherine McClary for
further information:
http://www.ewashtenaw.org/contact_us
Letter to the Ann Arbor News, published 12-25-07, re article in 12-
14-07 issue:
In catching up with the News today, the fate of 1211 Wright St hit home.
As a contractor, woodwright, furnituremaker, builder and teacher, I’ve been on
the fringes of Ann Arbor real estate for many years and I’ve seen all sides of the
quandary the Lucases found themselves in. It’s hard when everything leads to
the conclusion that something cannot be salvaged. Their solution is at least
respectful and one I’ve advised clients to adopt when faced by a similar
historical loss.
But the phrase “demolition by neglect” jumped out and the irony, for those
readers who are familiar with my situation from April 15th’s News article, is
almost mocking since in this current issue of the News, under the classifieds for
Farms and Acreage, headed with the banner “Must Sell” is a listing for 1960 S
Maple, a property that is clearly falling victim to “demolition by neglect.” So much
for “good things for the community.”
Peter Beal
14-07 issue:
In catching up with the News today, the fate of 1211 Wright St hit home.
As a contractor, woodwright, furnituremaker, builder and teacher, I’ve been on
the fringes of Ann Arbor real estate for many years and I’ve seen all sides of the
quandary the Lucases found themselves in. It’s hard when everything leads to
the conclusion that something cannot be salvaged. Their solution is at least
respectful and one I’ve advised clients to adopt when faced by a similar
historical loss.
But the phrase “demolition by neglect” jumped out and the irony, for those
readers who are familiar with my situation from April 15th’s News article, is
almost mocking since in this current issue of the News, under the classifieds for
Farms and Acreage, headed with the banner “Must Sell” is a listing for 1960 S
Maple, a property that is clearly falling victim to “demolition by neglect.” So much
for “good things for the community.”
Peter Beal
As always, comments and corrections are welcome,
especially if you or someone you know has had any
experience dealing with tax lien "investors". Share your
story:
especially if you or someone you know has had any
experience dealing with tax lien "investors". Share your
story:
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