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 [1]
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) | |||||||||
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[2]
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:
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???
[3]
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 [4]
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
http://www.cbhunter.com/Property/OH/44103-1631/Cleveland/6311_Saint_Clair_Ave [5]
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