Cuyahoga County Land Bank - county officials overlook delinquent property taxes Hypocrite Con Artist Gus Frangos Scam

Submitted by Gone Fishin on Tue, 04/09/2013 - 05:54.

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I am not sure why the county has overlooked another one of Gus Frangos' shell properties which has been tax delinquent- for years.

I suppose the county is just picking on the little people that lack the ability to fight back and is still playing corrupt politcs. 

Gus Frangos county official friends know that Gus Frangos can not afford to lose another rental propertyhttp://realneo.us/content/cuyahoga-county-forecloses-land-bank-presidents-shell-property-delinquent-property-taxes-auc

It must be tough trying to live off a petty six figure salary paid by taxpayers - via the collection of DELINQUENT PROPERTY TAXES. 

If Frangos loses ANOTHER rent generating NO property tax / mortage paying property, he might need to apply for food stamps.  One could say that he is already receiving ' public assistance'.

Gus Frangos' shell property located at 6311 St Clair has been tax delinquent for many years and never sold out to tax lien predators:

 

 

PRIMARY OWNER 6311 ST CLAIR LLC  
PROPERTY ADDRESS 6311 St Clair AVE, Cleveland, OH 44103

 

 

PARCEL NUMBER 105-10-014

 

 

Cleveland Prior year penalty - 2011 293.88 0.00 293.88
  Prior year penalty - 2010 294.56 0.00 294.56
  Delq Interest - 2012 186.20 0.00 186.20
  Prior year August interest - 2012 182.60 0.00 182.60
  Prior year interest - 2011 87.80 0.00 87.80
  Prior year tax - 2011 1,895.92 0.00 1,895.92
  Prior year tax - 2010 1,900.30 0.00 1,900.30
  DELQ BALANCE 4,841.26 0.00 4,841.26
  1st half penalty 96.86 0.00 96.86
  1st half tax 968.55 0.00 968.55
  1ST HALF BALANCE 1,065.41 0.00 1,065.41
  2nd half tax 968.55 0.00 968.55
  2ND HALF BALANCE 968.55 0.00 968.55
TOTAL BALANCE   6,875.22 0.00 6,875.22

 

 

Gus Frangos signed the mortgage for this LLC and agreed to be 'individually ' liable for repayment:

 

 

Gus Frangos incorporated 6311 St Clair LLC and transferred the property from his name to 6311 St Clair LLC on January 9, 2003:

 

Transfer Date: 09-JAN-03 AFN Number: 200301090982 Receipt:
Parcel Deed Type Vol / Page Sales Amt Convey. Fee Convey. No Multiple Sale / No. of Parcels
105-10-014 Quit Claim Deed Ex / $0 $0 0 0 / 1
  
Grantee(s) Grantor(s)
 
6311 ST CLAIR LLC
 
 
Frangos, Gus
 
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Three years after the property transfered from Frangos to the LLC, Gus Frangos signed a mortgage for $98,231 and agreed to be 'individually ' responsible for repayment.  Gus Frangos never paid the mortgage and was named as a defendant in a civil lawsuit:

 

 

CV-12-780529
Case Title: PNC BANK, NATIONAL ASSOCIATION vs. GUS FRANGOS

 

 

Another civil case was filed against 6311 St Clair LLC and judgment was granted by confession:

 

CV-12-780855
Case Title: PNC BANK vs. 6311 ST. CLAIR LLC

 

 

 

04/19/2012 N/A JE JUDGMENT FOR PLTF BY CONFESSION IN THE SUM OF $89,612.31 AND COSTS PLUS INTEREST 3.129%..OSJ. FINAL..NOTICE ISSUED COURT COST ASSESSED TO THE DEFENDANT(S).

 

Gus Frangos named Ladon Ruffin as an agent for several of the self-created LLC's properties.

On September 15, 2011, Ladon Ruffin appeared in court and gave sworn testimony that Gus Frangos is the owner of the above mentioned properties and several other properties.  Ladon Ruffin swore under the pains and penalties of PERJURY that he worked for Gus Frangos to collect and hand over rent money- and that he last worked collecting rent  six months prior to the September 2011 court hearing:

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As president of the Cuyahoga County Land Bank, Gus Frangos' salary is paid by the collection of delinquent property taxes.

Gus Frangos wrote and passed legislation to target other tax delinquent property owners.

Gus Frangos is a hypocrite con artist.

 

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There are several rental units for this property.  Considering the mortgage and property taxes are not being paid, I wonder what the con artist does with all of the rental income???

 

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 This property is not worth the $89,612.31 judgment recently granted.  The delinquent property taxes are $6875.22.

There is no way that hypocrite con artist Gus Frangos will pay over  $95,000 for his owed financial obligations.  Frangos will walk away AGAIN http://realneo.us/content/bid-county-hypocrite-con-artists-property-final-tax-auction-april-22-2013-gus-frangos-cuyaho

This property is on the market and has been for awhile.  It is not worth the $69,000 list price:

6311 Saint Clair Ave

Cleveland, OH 44103-1631

$69,000

MLS ID: 3262329
 
4 units apartment building: 3 apartments 2 BR each rent: $350-500. And one storefront rent: $350. Individual heat, construction: brick, 3 parking spots. The storefront is used as a church.
 
 
 
 
Collecting lots of rent money for many years, but can't pay his mortgage or delinquent property taxes.
 
 
 

 http://www.cbhunter.com/Property/OH/44103-1631/Cleveland/6311_Saint_Clair_Ave

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