GUS FRANGOS is President of the Cuyahoga County Land Bank.
Gus Frangos's salary is paid by the collection of delinquent property taxes.
Frangos wrote and passed legislation regarding delinquent property tax foreclosures, and he is praised for expediting the property tax foreclosure process from years to months.
Gus Frangos is a former employee in the Cuyahoga County Treasurer's office - which handles property tax collection.
Gus Frangos is also a hypocrite.
A hypocrite who receives a paycheck from delinquent property tax collection. A hypocrite who wrote and passed legistlation targeting others for failure to timely pay property taxes. A hypocrite who worked in the couty treasurer's office - picking and choosing those that owed delinquent property taxes and selling them out to predatory tax collectors.
Gus Frangos is a hypocrite who does not timely pay his own property taxes and is / was tax delinquent on numerous properties hidden behind shell LLCs.
The hypocrite Frangos shell LLC property is scheduled for delinquent property tax foreclosure auction on April 8, 2013.
[1]Gus Frangos incorporated 1158 East 61st LLC:
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Gus Frangos has walked away from his financial obligations and has contributed to the foreclosure crisis himself.
No record of the mortgage being repaid and no property taxes paid on the rental properties.
This creates numerous conflicts of interest and is unethical.
If this property does not sell at the foreclosure auction on April 8, 2013, it will be rescheduled for sheriff sale on April 22, 2013. If the second sale results in no bidders, this property will default to the Cuyahoga County Land Bank. Talk about a major conflict of interest.
Attorney Gus Frangos would not sign the mortgage and agree to be financially responsible for repayment if he was not the owner of this LLC.
Frangos signed the mortgage documents as 'member'; however I believe he is the sole member of 1158 East 61st LLC.
UNETHICAL CONFLICT OF INTEREST
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