Cuyahoga County Land Bank - continues to give county taxpayer property to FLIPPERS

The Cuyahoga County Land Bank was created to keep property out of the hands of risky, out-of-state investors. However, the land bank continues to give away property to these same risky investors that they were so concerned about.

HUD needs to pull their funds and quit giving them property to sell or give away to flippers.

Jason Brooks is named agent and/or incorporator for Bysns Group LLC, AMERICAN ASSETS GROUP, LLC, BD CLEVELAND INVESTMENT, LLC, BISKAT USA, LLC, DC REAL SOLUTIONS LLC, EXTREME INVESTMENT LLC, ML CLEVELAND INVESTMENT, LLC, MR CLEVELAND INVESTMENT, LLC, NATIONAL ASSET GROUP - NAG, LLC (NATIONAL ASSET GROUP, NEIGHBORHOOD ACTION PARTNERSHIP LLC, RF CLEVELAND INVESTMENT, LLC, RR CLEVELAND INVESTMENT, LLC, SARTRE FOUR, LLC, SARTRE, LLC, THE BYSNS GROUP LLC, TWO ACES RE MANAGEMENT, LLC, TWO ACES, LLC, YDE CLEVELAND INVESTMENT, LLC, YF CLEVELAND INVESTMENT, LLC, YS CLEVELAND INVESTMENT, LLC, THE JLR GROUP LLC, LB PROPERTY MANAGEMENT GROUP LLC.

Many of the LLCs are for out-of-state investors located in Florida, California and Maryland- hungry for cheap real estate in Cuyahoga County. Anxious to flip property for a quick profit. The exact same scenario in which caused the county's land bank formation in the first place.

Jason Brooks is the 'go to guy' for property in the Cuyahoga County Land Bank and Cleveland Community Development Corporations.

The Cuyahoga County Land Bank and Cleveland Community Development Corporations have 'given' or sold numerous properties at a very low cost to several of the LLCs connected to Jason Brooks. Jason Brooks is one of the top beneficiaries of free or nearly free property in Cuyahoga County-especially in Cleveland, Ohio.

The complaint revolves around two properties in the Cuyahoga County Land Bank, a deal made in a coffee shop made with an out-of-state investor and another LLC which received the property from the county land bank, and the suspicious LLCs failure to 'pay his dues'. The LLC failed to give the out-of-state investor his profit from one of the properties that sold within two hours of the land bank transaction for a profit of over $50,000.

The agent for Northwest Mechanical LLC that received two properties from the county land bank and failed to 'pay his dues' on the profit , Theodore Ennis, owes Cuyahoga County nearly $10,000 for delinquent property taxes dating back to 2008. Ennis also failed to timely pay his property taxes for several years on a empty lot that was given to him from the land bank.

Jason Brooks' name has come up repeatedly during my research on the county's land bank. His name has appeared for numerous property transactions, as a contractor, as an agent/incorportor for numerous LLCs, and as a defendant in a lawsuit filed by a local councilman.

Despite the county land bank's awareness of Jason Brooks and his numerous flipping LLCs that he is working with, deals made in a coffee shop with several other flippers, on April 5, 2013 the county land bank gave Two Aces LLC - located in Florida and connected to Jason Brooks - four more properties:

Some more of the property already given to Jason Brooks and his numerous LLCs is below. All of the property is not listed:

2. 2212 Natchez transferred from County Land Bank to Northwest Mechanical on 9/11/12 for $0 then on same date to Two Aces for $17,000

11. 4505 West 150th Street transferred from County Land Bank on 3-30-12 for $0 and sold on 4-12-12 for $10,000

12. 19001 Nitra transferred from County Land Bank for $0 on 5-2-12 and sold on 5-20-12 for $ 9,000

13. 122 Harriman transferred from County Land Bank for $0 on 6-13-12 and sold on 6-26-12 for $10,000

14. 4378 Metropolitan transferred from Kamms Corners Development for $7,049 on 2/27/13

BYSNS GROUP

March 2007 – Present (6 years 1 month) Cleveland/Akron, Ohio Area

The B.Y.S.N.S. GROUP L LC Bringing You Sustainable Neighborhood Solutions.

We Generate new development deals for real estate development that focuses on single and multi-family residential projects.

Project Manager

Sartre LLC

March 2008 – December 2011 (3 years 10 months)

Consultant

National Asset Group

September 2006 – October 2007 (1 year 2 months)

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Jason Brooks was project manager for Sartre LLC who clearly states their intent on flipping - SHORT TERM PROFITS , aka FLIPPING:

SARTRE LLC

Sartre was founded in January of 2009 to take advantage of opportunities presented by changes in the housing market. One of these opportunities arose from rapid increase in mortgage foreclosures. When financial institutions which acquired these properties from foreclosure seek to distribute these properties they often have to sell them at distressed prices. SARTRE’s primary acquisition strategy was to purchase homes in “bulk quantity,” typically hundreds of homes in a single contract, thereby negotiating even greater price concessions than what could have been achieved on a house by house basis. SARTRE’s primary sales strategy was to sell the homes to local investors and end users through a national network of qualified real estate agents who specialize in foreclosure resales.

This foundation has now uniquely positioned SARTRE to capitalize on a very sensible yet dynamic multi-market Real Estate investment strategy with capital preservation as our first objective. http://sartrellc.com/ [9]

Our focus is two fold. We will continue to buy and sell residential real estate for short-term profits. Our success in this niche cannot be ignored. Our main thrust will be to continue to accumulate and manage a portfolio of undervalued, income producing residential and commercial assets. We will only purchase property which meets a rigorous criteria founded upon two simple objectives: preservation of investor capital combined with superior return potential. http://sartrellc.com/?page_id=5 [10]

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Despite the county land bank's knowledge on this issue, they are intent on giving Jason Brooks taxpayer's property.

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