TAX LIEN SALES TO PRIVATE COLLECTION BUSINESSES
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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.
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 property. http://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:
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:
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:
Another civil case was filed against 6311 St Clair LLC and judgment was granted by confession:
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:
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.
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???
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
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.
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