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Cuyahoga County Officials look the other way while AEON FINANCIAL tax lien thieves ROB property ownersSubmitted by Gone Fishin on Wed, 01/09/2013 - 22:14.
STOP THE PROPERTY TAX FORECLOSURE THIEVES Cuyahoga County officials have FAILED to address the very serious issue of property owners in Cuyahoga County losing their property via delinquent property tax lien foreclosures. County officials have FAILED to address the FACT that Aeon Capital Source Bank has ripped off Cuyahoga County by NOT timely paying their own property taxes after foreclosing on others for failure to timely pay property taxes. According to county records, Aeon Capital Source Bank owns 243 properties in Cuyahoga County obtained via delinquent property tax lien foreclosures. Nearly every single property owned by Aeon is on the east side of Cleveland, East Cleveland, and minority concentrated eastern suburbs. Aeon purchased thousands of tax liens from Cuyahoga County in 2008 and has filed hundreds of tax delinquency foreclosures. Aeon is DELINQUENT with paying their own property taxes - for years - and now owes Cuyahoga County more money than the actual homeowner that lost their property in the first place. Aeon owes Cuyahoga County $635,818.88. Meanwhile, Cuyahoga County officials look the other way and continue to allow Aeon to foreclose on property owners in Cuyahoga County while Aeon refuses to pay their own property taxes. Aeon owes Cuyahoga County more than $600,000 in property taxes, yet county officials continue to allow Aeon to foreclose on others for being tax delinquent. Several properties have demolition fees, board-up fees and grass cutting fees. Nuisance violaton complaints were filed in Cleveland's Housing Court. Aeon also sold several properties without first paying their delinquent property taxes and those properties remain TAX DELINQUENT. Not one cent paid in property taxes by Aeon or by the new owner of the property. I have not found one single civil case filed by county officials relative to Aeon paying their delinquent property taxes. In fact, I have found a couple cases in which Aeon is suing Cleveland over nuisance abatement issues, search warrants and demolitions. Aeon is currently under a massive investigation. The D.C. Office of Attorney General has also sued Aeon for fraud, inflated fees and misrepresentation in ALL of the tax lien transactions from 2008-2009. Cuyahoga County officials sold tax liens to Aeon during the 2008-2009 time period. Cuyahoga County property owners are all victims of this fraud. I have provided federal officials with documentation of my complaints made to county officials almost two years ago and have included the tax delinquent issues in Cuyahoga County that were ignored. Same exact issue as Plymouth Park Tax Services foreclosing on property owners in Cuyahoga County and NOT paying taxes- for years- while county officials looked the other way. I reported on Aeon's failure to timely pay their own property taxes on August 4, 2011 and NOTHING has changed. In fact, it has gotten much worse. The blog from 8/4/11 detailing some of the property and delinquent taxes can be read here http://realneo.us/content/aeon-financial-aka-capitalsource-bank-property-tax-foreclosure-thieves-does-not-pay-their-ow According to the Plain Dealer, the 2008 tax lien sale to Aeon led to vacant structures being left to deteriorate and the county's next sale will have stricter terms to protect neighborhoods. http://www.cleveland.com/cuyahoga-county/index.ssf/2011/10/surprise_in_survey_of_tax-lien_homes_is_that_there_are_few_surprises.html
. Do county officials really believe selling delinquent property tax liens is a solution? Are county officials not competent enough to understand they are adding fuel to the foreclosure crisis???? According to Aeon, their goal is not to own houses as they would have to pay taxes and upkeep of the property. Aeon has done neither. National attention is forthcoming on this serious issue that I have repeatedly addressed and county officials have repeatedly ignored. National embarassment will soon be brought to Cuyahoga County. The embarassment is WELL DESERVED.
Under these circumstances, after so many thousands of people had gathered together that they were stepping on one another, He began saying to His disciples first of all,"Beware of the leaven of the Pharisees, which is hypocrisy. 2"But there is nothing covered up that will not be revealed, and hidden that will not be known.3"Accordingly, whatever you have said in the dark will be heard in the light, and what you have whispered in the inner rooms will be proclaimed upon the housetops.
The time is coming when everything that is covered up will be revealed, and all that is secret will be made known to all. hid—from knowledge. "Tis no use concealing anything, for all will one day come out. Give free and fearless utterance then to all the truth."
**All of the information contained in this blog and in the comments that follow this blog was obtained via Cuyahoga County Fiscal Office, Cuyahoga County Recorder's Office, Cuyahoga County Clerk of Courts, Cleveland Municipal Court records, Justia Federal records, google searches and personal knowledge. The accuracy of the government's records relative to exact delinquent taxes owed and properties owned may not be 100% accurate - according to their websites***
IF YOU HAVE INFORMATION RELATIVE TO AEON FINANCIAL TAX LIENS OR ANY QUESTIONS REGARDING THIS BLOG, DO NOT EMAIL ME. I do NOT open emails relative to Aeon. Feel free to call (216) 386-6546 My blogs expressing my Freedom of Speech Rights- especially on matters of public concern- are my opinion and not the opinion of my friends, family or employer
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Second Tax Lien Company- under investigation
Aeon CapitalSource Bank - a delinquent property tax lien service - is now the second tax lien company in which Cuyahoga County officials have contracted with that is now under a massive investigation for fraud, inflated fees and misrepresentation.
County officials have only worked with a select few companies when selling tax liens. Out of the very few companies, two have now been implicated in criminal behavior.
Plymouth Park Tax Services admitted their guilt, paid millions in a settlement, and officers of the company were sentenced to prison.
Now Aeon is under investigation for the same issue.
Aeon doe NOT pay their own delinquent property taxes in Cuyahoga County after they foreclosed on property owners for doing the same damn thing.
Aeon owes Cuyahoga County $635,818.88 in property taxes.
Cuyahoga County officials and the Plain Dealer are silent on this issue.
* My blogs expressing my Freedom of Speech Rights, especially on matters of public concern, are my opinion and not the opinion of my friends, family or employer*
AEON properties and taxes owed to Cuyahoga County:
List of Property owned by AEON and taxes owed to Cuyahoga County.
Cuyahoga County taxpayers, get ready to add another 220 properties to the county's landbank. Expect to lose over 1/2 MILLION in owed property taxes and expect to continue to maintain all of the 220 properties.
The officials that are attempting to "protect neighborhoods from the foreclosure crisis and keep property out of the hands of risky, out-of-state investors who fail to maintain their property and pay property taxes" are the exact same officials that brought out-of-state investor Aeon to Cuyahoga County via the delinquent property tax lien sale in 2008.
Aeon is not only 'risky' , but they are under a massive investigation and also have been sued by D.C. Attorney General for 'price gouging' and other charges.
We have already been paying for grass cutting fees, demolitions and board-ups relative to numerous Aeon owned properties.
Aeon's properties have been declared public nuisances and some were already demolished.
This is the aftermath of the county official's decision:
1. 10929 Olivet $11,508.32
2. 1256 E. 125 $ 2,260.85
3. 625 E. 118 $ 2,283.57
4. 950 Ida $ 4,110.78
5. 9314 Yale $ 17,694.10
6. 1074 E. 141 $ 1,456.63
7. 1212 E. 71 $ 3,795.16
8. 1254 E. 102 $ 4,698.89
9. 963 E. 129 $ 5,474.44
10. 1128 E. 141 $ 2,380.34
11. 9809 Parmalee $ 1,825.84
12. 10009 Somerset $ 6,040.64
13. 10001 Somerset $ 5,917.20
14. 377 Eddy Rd. $ 9,204.63
15. 144728 Thames $ 3,431.77
16. 2541 Cedar $ 3,111.53
17. 1603 Holyrood $ 5,894.39
18. 449 E. 147 $ 6,920.61
19. 474 E. 125 $ 5,555.67
20. 10704 Kimberley $ 5,506.13
21. 881 Thornhill $ 6,851.06
22. 573 E. 114 $ 5,002.60
23. 12344 Tuscora $ 2,276.88
24. 12428 Tuscora $ 5,550.28
25. 12424 Saywell $ 7,266.20
26. Lot on Shaw Ave. - parcel # 111-11-043 $ 2,092.65
27. Lot on Shaw Ave- parcel # 111-11-044 $ 1,251.95
28. 12408 Saywell $ 2,444.74
29. 508 E. 114 $ 2,904.62
30. 10117 Flora $ 5,342.50
31. 1204 E. 146 $ 2,692.26
32. 11609 Temblett $ 4,173.79
33. Lot on Lisbon - parcel 126-20-047 $ 6,852.63
34. 6629 Charter $ 2,588.32
35. 2009 Hilton $ 6,129.35
36. 17602 St Clair $ 1,598.30
37. 2175 E. 85 $ 8,419.72
38. 2328 E. 88 $ 2,943.24
39. 10707 Crestwood $ 3,783.64
40. 3457 E. 69 $ 2,198.39
41. 2346 E. 61 $ 1,1154.23
42. 832 E. 154 $ 22,407.06
43. 16437 Braddock $ 3,294.77
44. 1121 Galewood $ 1,775.52
45. 10006 Quebec $ 925.10
46. 3283 E. 103 $ 2,084.64
47. 15609 School $ 3,667.84
48. 2853. E 98 $ 2,858.45
49. 3290 Regent $ 1,560.82
50. 2865 E. 92 $ 940.52
51. 1378 Larchmont $ 4,714.48
52. 1447 E. 162 $ 2,597.65
53. 1443 Lakeview $ 1,561.83
54. 1946 Westburn $ 2,902.79
55. 2185 E. 106 $ ,941.30
56. 5666 Hamlet $ 1,733.07
57. 2620 E. 89 $ 7,118.03
58. 3658 E. 108 $ ,882.61
59. 9416 Manor $ 2,339.26
60. 9516 Hilgert $ 3,185.66
61. 9604 Sophia $ 2,684.87
62. 9323 Mt. Auburn $ 1,081.07
63. 7211 Indiana $ 3,207.47
64. 7203 Indiana $ 1,302.04
65. 4104 E. 79 $ 1,421.11
66. 11804 Dove $ 1, 211.30
67. 15021 Edgewood $ 1,109.90
68. 11726 Parkview $, 2, 308.55
69. 3629 E. 123 $ 11, 413.53
70. 6404 Fullerton $ 165.46
71. 3660 E. 106 $ 769.44
72. 9819 Stoughton $ 2,204.39
73. 3818 E 54 $ 1,036.00
74. 4096 E 57 $ 1,414.37
75. 10002 Stoughton $ 1,113.22
76. 12408 Farringdon $ 248.72
77. 3763 E 126 $ 830.20
78. 3680 E 133 $ 762.04
79. 3933 E 66 $ 3,765.48
80. 6826 Krakow $ 2,416.55
81. 2814 E 127 $ 3,268.41
82. 6622 Fullerton $ 7,005.50
83. 13002 Benham $ 186.74
84. 3753 E. 93 $ 4,500.35
85. 3239 E 117 $ 1,540.88
86. 3828 E 140 $ 1,376.94
87. 4129 E 110 $ 2,701.08
88. 3669 E 52 $ 701.84
89. 10902 Gay $ 1,474.08
90. 3461 E 143 $ 1,290.16
91. 7803 Connecitut $ 1071.26
92. 4267 E 114 $ ,149.92
93. 3675 E 139 $ 835.70
94. 2993 E 128 $ 964.00
95. 8607 Grand Division $ 2,303.04
96. 3672 E 54 $ 2,530.69
97. 16401 Judson $ 1,419.76
98. 17214 Lotus $ 2,946.38
99. 3943 Strandhill $ 1,632.94
100. 4811 E 176 $ 1,516.94
101. 4266 E 160 $ 2,932.00
102. 3104 Russell $ 1,632.17
103. 4991 E. 90 $ 3,352.45
104. 325 E 215 $ 2,207.06
105. 1444 Sulzer $ 4,975.69
106. 19071 Pasnow $ 1,579.27
107. 851 Nelaview $ 17,564.49
108. 2268 Taylor $ 10,603.20
109. 1300 E 143 $ 3,507.89
110. 1346 E 141 $ 2,601.49
111. 1466 E 134 $ 3,242.01
112. 14212 Savannah $ 2,101.17
113. 13313 Gainsboro $ 3,258.37
114. 1176 Bender $ 2,360.17
115. 3197 East Berkshire $ 2,688.04
116. 15345 Plymouth $ 2,970.46
117. 3254 East Berkshire $ 6,860.73
118. 1520 E. 133 $ 1,953.65
119. 1536 Lakefront $ 1,222.80
120. 13818 Woodworth $ 3,068.77
121. 1732 Shaw $ 3,020.61
122. 13701 Graham $ 1,929.68
123. 1355 Dill $ 14,440.65
124. 3709 Sudberry $ 2,164.62
125. 19300 Fairway $ 3,559.62
126. 18975 Van Aken $ 2,333.93
127. 15675 Friend $ 3,169.92
128. 5144 Theodore $ 5,339.30
129. 5178 Theodore $ 12,798.08
130. 20715 East Ridgewood $ 2,215.08
131. 22741 Libby $ 2,117.84
132. 15316 Northwood $ 4,906.42
133. 19707 Kings Highway $ 7.082.82
134. 17109 Mapleboro $ 2,441.02
135. 21504 Franklin Rd. $ 3,462.24
136. 19302 Shakerwood $ 3,675.84
137. 23823 Banbury $ 2,108.58
138. 19611 Longbrook $ 1,529.60
139. 4490 Granada $ 4,792.20
140. 3643 Rolliston $ 13,984.08
141. 21009 Hillgrove $ 12,218.75
142. 00023 Whitaker $ 3,282.36
143. 8010 Bellevue $ 1,623.28
144. 2346 E 61 $ 1,1162.47
145. 3772 E 144 $ 1,391.60
146. 4230 E 98 $ 4,395.75
147. 3741 E 143 $ 2,690.60
148. 4155 E 141 $ 974.68
149. 4161 E 189 $ 1,073.68
150. 4185 Lee $ 2,773.88
151. 4658 E 157 $ 1,179.61
152. 17116 Judson $ 1,171.10
153. 4839 E 86 $ 11,650.61
154. 12813 North Parkway $ 4,751.08
155. 4949 E 141 $ 5,234.68
156. 11215 Plymouth $ 3,557.42
157. 13118 Forestdale $ 6,595.92
158. 4705 E 93 $ 2,554.40
159. 12809 Rexwood $ 5,092.39
160. 20271 Priday $ 1,571.94
161. 316 E 260 $ 5,385.39
162. 1507 E 256 $ 1,932.77
163. 20060 Champ $ 5,237.92
164. 1464 E 250 $ 3,349.99
165. 1277 Hayden $ 4,841.88
166. 1245 Rozelle $ 2,272.17
167. 14631 Savannah $ 3,258.21
168. 14317 Terrace $ 4,685.80
169. 13915 Scioto $ 3,071.37
170. 12824 Speedway Overlook $ 3,088.80
171. 1627 Eddy $ 1,682.69
172. 14004 Ardenall $ 2,135.39
173. 13909 Potomac $ 1,997.28
174. 1888 Wymore $ 2,561.83
175. 14208 Potomoc $ 2,681.33
176. 1730 Allandale $ 2,243.45
177. 1768 Coit $ 1,048.05
178. 1780 Delmont $ 33,482.90
179. 19505 Kings Highway $ 1,812.64
180. 10510 Madison $ 1,606.24
181. 5916-18 Madison $ 16,159.99
182. 6004 Madison $ 5,573.04
183. 2128 W 105 $ 3,441.42
184. 6808 Lorain $ 1,692.04
185. 3082 W 110 $ 4,475.88
186. 2092 W 87 $ 4,032.15
187. 2061 W 95 $ 3,180.26
188. 7315 Lawn $ 853.96
189. 3628 Hyde $ 4,980.90
190. 3431 W 62 $ 820.16
191. 3062 Sackett $ 3,211.07
192. 3721 W 39 $ 1,019.44
193. 7503 Dearborn $ 4,015.15
194. 3541 Trowbridge $ 556.36
195. 3115 W 88 $ 1,444.70
196. 3219 W 88 $ 3,133.68
197. 3807 Robert $ 1,409.30
198. 3122 W 52 $ 1,079.36
199. 3403 W 58 $ 3,045.71
200. 3159 W 94 $ 968.52
201. 3189 W 86 $ 3,078.57
202. 4510 Bush $ 3,635.48
203. 3413 W 90 $ 1,650.76
204. 3432 W 91 $ 1,126.80
205. 12809 Guardian $ 6,331.86
206. 4068 E 57 $ 2,671.43
207. 13015 Lorenzo $ 1,126.80
208. 16417 Westview $ 3,208.42
209. 1524 E 195 $ 1,311.00
210. 1028 E 169 $ 5,024.21
211. 21019 Kenyon $ 2,016.60
212. 2069 W 83 $ 2,445.45
213. 3847 w 136 $2,143.08
214. 19610 Meadowlark $ 2,073.58
215. 4416 Parkton $ 6,592.70
216. 23412 Kirkland $ 1,381.94
217. 4510 Storer $ 2,362.13
218. 3639 Randolph $ 9,636.44
219. 1028 E 169 $ 5,204.21
220. 21019 Kenyon $ 2,016.60
* My blogs expressing my Freedom of Speech Rights, especially on matters of public concern, are my opinion and not the opinion of my friends, family or employer*
MORE Aeon Financial's property and taxes owed to Cuyahoga County
According to Cuyahoga County's Fiscal Office, listed below is more property owned by Aeon - followed by the taxes owed to Cuyahoga County:
7207 Duluth $3,285.61
1200 E. 61 $ 1,143.68
3339 W. 94 $ 3,230.17
2128 W. 105 $ 3,441.42
10329 Yale $ 4,288.48
902 Herrick $ 2,297.13
1242 E. 100 $ 1,877.17
10835 Hampden $ 556.36
11209 Whitmore $ 3,925.70
869 E. 140 $ 6,665.49
1357 E. 170 $1,178.30
5611 Outhwaite $ 1,226.24
2865 E. 92 $ 940.52
4068 E. 57 $ 2,671.43
3675 E 139 $ 835.70
19071 Pasnow $ 1,599.27
1464 E 250 $ 3,349.99
952 Wheelock $ 3,128.84
661 E. 94 $ 1,634.66
10009 Ostend $ 1,008.46
13904 Darley $ 837.06
11418 Notre Dame $ 2,000.56
8614 Capital $ 1,742.84
TOTAL properties owned by Aeon 243
* My blogs expressing my Freedom of Speech Rights, especially on matters of public concern, are my opinion and not the opinion of my friends, family or employer*
"when the county says enough is enough"......
"A tax lien just means someone has been delinquent on the taxes they owe to the county. When the county says enough is enough, they sell the tax lien to recoup some money." http://www.delaney2012.com/wp-content/uploads/2012/09/09-07-12-Delaney-for-Jobs-Backup.pdf
HYPOCRITE JOHN DELANY - CONGRESSMAN
Financial HYPOCRITE behind Aeon Financial fbo CAPITALSOURCE BANK.
When will Cuyahoga County tell the hypocrite John Delaney - Aeon Financial fbo CapitalSource Bank - ENOUGH IS ENOUGH? PAY YOUR DELINQUENT PROPERTY TAXES on the property that was foreclosed upon for delinquent property taxes.
I'm sure Delany will make a fine congressman.
Financier John Delaney (Ricky Carioti - THE WASHINGTON POST) http://www.washingtonpost.com/blogs/the-buzz/post/primary-election-day-in-dc-what-you-need-to-know-dcprimary/2012/04/02/gIQAXiuarS_blog.html
http://www.washingtonpost.com/local/dc-politics/john-delaneys-business-record-key-to-his-congressional-campaign--and-his-opponents-criticism/2012/03/19/gIQA7A5eUS_story.html
* My blogs expressing my Freedom of Speech Rights, especially on matters of public concern, are my opinion and not the opinion of my friends, family or employer*
Cuyahoga County Delinquent Property Tax Lien Sale May 2013
Brace yourselves for yet another delinquent property tax lien sale in Cuyahoga County in MAY 2013.
It appears that Cuyahoga County is still struggling to understand the aftermath of these tax lien sales.
One of the bidding requirements is " The purchaser can not bid if they own any property in Cuyahoga County with delinquent property taxes."
At least they got that part right. https://docs.google.com/viewer?a=v&q=cache:TX6852BAoOEJ:www.thentla.com/resource/resmgr/2013_tax_sale_info/advertisement2013sale(negoti.pdf+cuyahoga+county+contract+tax+lien+sale&hl=en&gl=us&pid=bl&srcid=ADGEESgOO3GlNcQWna0olaQHIuKovCDeaUfEkJJfbjIegj7BpMlAdJPnkiTMsGXy-l5hZd2rRhPsBdYU3JMGTSayNQ5ATE8w1LjF_ToEsY-XnX-9yBhCppplXro88uuQCxzrz_L336-i&sig=AHIEtbSWny4CbDMdx7PxpJx7HEVc1IYtMw
Aeon Financial fbo Capitalsource won't be bidding since they are delinquent with property taxes - unless they file another LLC with the state using a different name.
The Other Foreclosure Crisis - Property Tax Liens - report from July 2012 detailing the seriousness of selling delinquent property tax liens can be found here https://docs.google.com/viewer?a=v&q=cache:vgaXCPW73XkJ:www.nclc.org/images/pdf/foreclosure_mortgage/tax_issues/tax-lien-sales-report.pdf+woods+cove+delinquent+property+tax+lien+foreclosure+complaints+investigations&hl=en&gl=us&pid=bl&srcid=ADGEESjLh18BFoZS65Qd9uD-r0rGR1Xybw-HKj72OFAjXbeqWFL7fJtvJWdiMf-Knc4UXR_-OjRFA3KjQhnsZRL-Ci4SK7okYDl8-Fw48wOGSLy16yvrWhuAwZ57TK5-xAlQh43CDQi_&sig=AHIEtbSMSXEKztorojrtEg7osgVFkUgVgA
* My blogs expressing my Freedom of Speech Rights, especially on matters of public concern, are my opinion and not the opinion of my friends, family or employer*
Woods Cove LLC - delinquent property tax lien investor 2011
Woods Cove LLC - the latest investor purchasing delinquent property tax liens in Cuyahoga County in November 2011 - has wasted no time in filing delinquent property tax foreclosures in Cuyahoga County.
Woods Cove is another aggressive predatory tax collector. Just after the one year wait period, Woods Cove LLC has now filed 453 property tax foreclosures in Cuyahoga County.
Woods Cove LLC - formed by an anonymous group of investors - is using a P.O. Box in Beverly Hills, California.
http://blog.cleveland.com/metro/2011/11/cuyahoga_county_sells_tax_lien.html
* My blogs expressing my Freedom of Speech Rights, especially on matters of public concern, are my opinion and not the opinion of my friends, family or employer*
Blocked from commenting - Cleveland.Com
I am blocked - again - from commenting on Cleveland.com's story relative to property tax increases. http://www.cleveland.com/datacentral/index.ssf/2013/01/property_taxes_up_sharply_for_1.html#incart_river_default
I sent emails to the Plain Dealer asking them to cover the story relative to Aeon Financial's failure to timely pay their delinquent property taxes on properties obtained via delinquent property tax foreclosure, and now I am blocked again from posting comments.
* My blogs expressing my Freedom of Speech Rights, especially on matters of public concern, are my opinion and not the opinion of my friends, family or employer*
Woods Cove II LLC - a Delaware Corp from California in Ohio?
Selling bundled tax liens for far less than face value to anonomous out of state investors seems like the perfect way to destroy a community.
Instead of offering a reduced tax lien to the present occupant/owner, what this cruel system does is almost guarantee that the home will be abandoned.
Thus, instead of invigorating the community, this tax lien sale scheme may provide a small short term cash inflow for the munical school and other employees,
but the scheme simultaneously guarantees that the community tax revenue intake will in the span of a year or two will diminish as home after home is abandoned and demolished.
How does one know that there are not hidden local persons behind this Delaware Corporation?
Below are some connections for Woods Cove II LLC.
Tax Liens in Cuyahoga County, Ohio are sold to anonomous "investors".
It isn't clear how much the investors pay for the liens - ie do they pay face value or a reduced amount? (Reduced amount )
This is a copy of the Sec. of State's corporation Certificate Woods_Cove_II_llc_rwservlet.pdf
This is the link to a copy of the Cuyahoga County purchase/sale of the liens - this is not specific about final price or terms or anything -
we need to see the back up documents. realneo.us/system/files/Woods_Cove_II_llc_R2011-0324.pdf
This is the direct link to the Ohio Sec. of State Corporate certificate - look at page four for Deleware incorporation.
Here is a link to corporationwiki.com which maps information from the California Sec. of State for Woods Cove II LLi
A Woods Cove related search on corporation wiki looks like the image below. Notice the 6 different types of visualization in the links at the botth of the image.
Woods Cove LLC contract with Cuyahoga County
Interesting info, Jeff. thanks...
Here is a better link to the county's purchase agreement with Woods Cove LLC. http://treasurer.cuyahogacounty.us/pdf_treasurer/en-US/2012PurchaseAgreement(web).pdf
It is interesting to note that the lien purchaser, Woods Cove LLC, is protected in the contract against demolitions.
In Section 4.3 Demolitions, the agreement specifically states, " In the event a certificate parcel is demolished by act of any city or county governmental agency within the first 24 months after closing date, through no fault of purchaser, servicer, successors or assignees, seller shall repurchase the lien from the purchaser in accordance with O.R.C. Section 5721.34."
____________________________________________________________________________________________________________________
If they are aggressive enough to force a foreclosure and transfer the deed to their tax lien company, they get what they deserve. If the property requires demolition, that sounds like a personal financial problem to me and not an additional financial problem for taxpayers to foot the bill for the demolition, lost taxes, grass mowing, and all the other fees tacked on by the county.
The county agrees to repurchase the lien from the company if the property requires demolition with 24 months. So taxpayers will also lose the initial money in which the tax lien company paid the county in the first place- and pay for the demolition.
I follow and research tax lien foreclosures all across the country. Many counties have realized the danger of dealing with the predators and attorneys general have stepped in several states to protect property owners from the predators.
National research has shown that selling tax liens is not a solution and only a temporary financial fix for cash strapped counties. The predators target areas in which the housing market has collapsed with the intent of cashing in on the already struggling property owners.
Selling delinquent tax liens to the predators is known as the other foreclosure crisis. Most of the victims are elderly, lower income, and minorities.
They charge 18 % interest and numerous additional fees, such as the following. Most of the property owners do not stand a chance with these predators.
* My blogs expressing my Freedom of Speech Rights, especially on matters of public concern, are my opinion and not the opinion of my friends, family or employer*
From Antique Row to Skid Row
The stretch of property on Cleveland's near west side on Lorain Avenue was once known as Antique Row. It is now Skid Row.
One of the many properties owned by Aeon Financial located at 6808 Lorain Avenue. Prior to losing this house via delinquent property tax foreclosure, the former owner owned this property since 1979:
THREE PARCELS OWNED BY AEON located at 5916-18 Madison and 6004 Madison Avenue. Aeon owes a total of $21,913.63 in delinquent property taxes relative to the vacant lots they are attempting to sell. The neighbors told me city workers clean the vacant lots:
* My blogs expressing my Freedom of Speech Rights, especially on matters of public concern, are my opinion and not the opinion of my friends, family or employer*
Capital Source fbo Aeon Financial tax lien thieves CLOCK TICKING
The deadline to pay property taxes in Cuyahoga County was Thursday, January 24, 2013.
According to the county's website, their info is updated 'up to the hour'.
The deadline has come and gone- again - with no property taxes paid by CapitalSource fbo Aeon Financial.
The delinquent property tax thieves have NOT paid their own delinquent property taxes on property obtained via delinquent property tax foreclosure.
* My blogs expressing my Freedom of Speech Rights, especially on matters of public concern, are my opinion and not the opinion of my friends, family or employer*
Inspection time for Aeon Properties- inspect / report violations
Today a member of the demolition crew and I will begin our inspections on each and every single property owned by Aeon Financial and report our findings to the building and housing department. We will also begin posting photographs to realneo for every single property owned by these thieves.
If you own property, there is a duty to pay property taxes and maintain the property.
Aeon is NOT paying their property taxes, so the chances of Aeon maintaining their property free of building and housing violations is slim to none.
If any the 243 properties owned by Aeon Financial has any code violations , we will report every single violation that we find.
* My blogs expressing my Freedom of Speech Rights, especially on matters of public concern, are my opinion and not the opinion of my friends, family or employer*
Link to property owned by Aeon - photos and code violations
http://realneo.us/content/property-owned-capitalsource-fbo-aeon-financial-and-list-code-violations-will-be-reported
* My blogs expressing my Freedom of Speech Rights, especially on matters of public concern, are my opinion and not the opinion of my friends, family or employer*
Aeon - unpaid property taxes & grass cutting fees
Several deeds have recently transferred to Aeon Financial.
Despite receiving a loan on 2/14/13 for up to 30 MILLION dollars - using their property owned in Cuyahoga County as collateral- no property taxes or grass cutting fees were paid.
* My blogs expressing my Freedom of Speech Rights, especially on matters of public concern, are my opinion and not the opinion of my friends, family or employer*
Long term property owners caught in Aeon Financial trap....
The Wiggins family owned their property located at 17214 Lotus in Cleveland, Ohio since as far back as county fiscal office records go - January 1, 1975.
They lost their property via delinquent property tax foreclosure to CapitalSource fbo Aeon Financial Services.
In order to save the family's property owned for decades, the Wiggins family entered into a land contract with Aeon.
The terms are $18,500 for the return of the their family home owned for decades. $8,000 down payment ( which is more than the Wiggins family liens owed to Aeon) and the $10,500 balance due in monthly installments with 8% interest.
* My blogs expressing my Freedom of Speech Rights, especially on matters of public concern, are my opinion and not the opinion of my friends, family or employer*
Property owners caught in a financial maze with Aeon Financial
The Macon family owned their property located at 17116 Judson Drive since February 25, 1994.
They lost their property via delinquent property tax foreclosure to CapitalSource fbo Aeon Financial Services.
In order to save the family's property owned for 19 years, the Macon family entered into a land contract with Aeon.
The terms are $10,800 for the return of the their family home owned for 19 years. $5,259 down payment ( which is more than the Macon family liens owed to Aeon) and the $5,541 balance due in monthly installments with 8% interest.
Although the recorded land contract would not mention any such fees, I am curious to know the attorney fees involved with the land contracts, filing fees, land contract prepartion fees, etc...
* My blogs expressing my Freedom of Speech Rights, especially on matters of public concern, are my opinion and not the opinion of my friends, family or employer*
Properties sold by AEON- no taxes paid by Aeon or new owner
14801 Westropp former owner owned since at least 1975 Aeon sold this property for $8,750 Aeon & new owner have not paid property taxes - taxes owed $ 3,138.15
569 E. 110 former owner owned since 1992 Aeon sold this property for $5,000 Aeon & new owner have not paid property taxes - taxes owed $ 3,744.26
17905 Delavan Aeon sold for $15,044 Aeon & new owner have not paid property taxes - taxes owed $4,769.11
* My blogs expressing my Freedom of Speech Rights, especially on matters of public concern, are my opinion and not the opinion of my friends, family or employer*
Aeon's kind donation to Cuyahoga County Land Bank
Aeon has already 'given' away one of their properties to the Cuyahoga County Land Bank.
parcel # 546 36 062 13302 Saybrook
Prior delinquent taxes wiped out.
* My blogs expressing my Freedom of Speech Rights, especially on matters of public concern, are my opinion and not the opinion of my friends, family or employer*
Aeon continues to sell property and NOT pay delinquent taxes
Two more properties recently sold by Aeon. No delinquent property taxes paid after the sale of property by Aeon or new owner:
1. 13901 Bartlett former owner owned this property since at least 1975. Aeon sold for $4,500. Delinquent taxes still unpaid $ 1,540.08
2. 603 E 109 Aeon sold for $8,500. Delinquent taxes still unpaid $ 1,720.20
* My blogs expressing my Freedom of Speech Rights, especially on matters of public concern, are my opinion and not the opinion of my friends, family or employer*
Aeon's law firm address in Chicago is a drop off box at UPS
An investigative fund reporter visiting addresses printed on letters from Aeon's Chicago law firm found it to be a mail drop at a UPS store.
According to Assistant Deputy Attorney General David Fisher, "Aeon's notices to homeowners appear at least, to be deceptive and , at worst, potentially fraudulent."
* My blogs expressing my Freedom of Speech Rights, especially on matters of public concern, are my opinion and not the opinion of my friends, family or employer*
Aeon receives loan - puts up property in cuyahoga county
On January 9, 2013, Aeon and it's original investor, Capital Source Bank, filed an open end mortgage, assignment of rents, security agreement & fixture filing for a loan not to exceed 30 Million dollars.
Aeon's property in Cuyahoga County is collateral for the loan.
I drove by several properties owned by Aeon and have photos that will be displayed here soon.
None of the properties that I visited are worthy of collateral for anything. These properties are a liability and will most likely require demolition - at taxpayer's expense.
The heat is on Aeon and they are being heavily investigated at this time.
I believe Aeon is going to take the loan and pull a disappearing act.
* My blogs expressing my Freedom of Speech Rights, especially on matters of public concern, are my opinion and not the opinion of my friends, family or employer*
" Aeon invested specifically to take homes from families "
" Aeon invested specifically to purchase liens with an intention of forcing quick foreclosures by taking homes from families."
http://www.washingtonpost.com/local/dc-politics/john-delaneys-business-record-key-to-his-congressional-campaign--and-his-opponents-criticism/2012/03/19/gIQA7A5eUS_story_1.html
Best time to hammer these thieves is when they are under a heavy investigation. HAMMER TIME!
* My blogs expressing my Freedom of Speech Rights, especially on matters of public concern, are my opinion and not the opinion of my friends, family or employer*
You do a great service to the community
by your in depth research and publication.
It is a shame that the PD has not investigated or at least reported.
I look forward to a report by a national publication, featuring, I hope, your research.
Thanks, Oldroser
The issue of delinquent property tax liens and the foreclosure effect on long time property owners is being reported across the country.
Attorneys General and others are investigating this issue in other counties, but not in Cuyahoga County-yet. I am working on this part.
Many counties have quit selling property tax liens after realizing the serious problem with the predators. Cuyahoga County is well aware of this serious issue and has decided to ignore the issue and scheduled another tax lien sale for May 2013.
I am working with two national reporters and other legal aspects.
All of those that have contacted me are mainly interested in one tax lien company - Aeon Financial.
Aeon is much worse than Plymouth Park Tax Services.
I contacted the PD and Scene magazine, but neither will respond or cover this issue locally. Those responsible for this issue have the media in their pocket. My pockets only have lint.
* My blogs expressing my Freedom of Speech Rights, especially on matters of public concern, are my opinion and not the opinion of my friends, family or employer*
Is the FBI investigating this case???
Hopefully the feds will get a team of SEC investigators who can begin to react to the countless violations found herein.
Always Appreciative, "ANGELnWard14"