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Cuyahoga County Land Bank - Land Banking at a profit for those well connected -Submitted by Gone Fishin on Sat, 03/16/2013 - 18:23.
Why is the Cuyahoga County Land Bank able to make the decision on who gets what property in Cuyahoga County?
Why can't HUD sell the property on their own -and recoup some of the loss - instead of giving property to the land bank so the land bank can GIVE AWAY the property to a select few?
21551 Morris Avenue, Euclid, OH 44123 According to county fiscal office records, on December 8, 2011, the Cuyahoga County Land Bank sold the above property to Thomas Gettings for $10.00.
On June 7, 2012, Thomas Gettings entered into a land contract with Plum Four Investments, LLC, for this property for a sale price of $95,000. On December 3, 2012, Thomas Gettings sold this property for $54,900.
26900 Farringdon Avenue, Euclid, OH 44132:
According to county fiscal records, the Cuyahoga County Land Bank sold the above property to Thomas Gettings for $10.00
715 East 260th Street, Euclid, OH 44132:
According to county fiscal office records, the Cuyahoga County Land Bank sold the above property to Thomas Gettings for $10.00.
26571 Zeman Avenue, Euclid, OH 44132:
According to county fiscal office records, the Cuyahoga County Land Bank sold the above property to Eugene Gettings for $10.00. According to county fiscal office records, the Cuyahoga County Land Bank sold the above property to Thomas Gettings for $10.00. 730 East 266th Street, Euclid, OH 44132:
According to county fiscal office records, the Cuyahoga County Land Bank sold the above property to Thomas Gettings for $10.00 21450 Morris Avenue, Euclid, OH 44123: According to county fiscal office records, the Cuyahoga County Land Bank sold the above property to Thomas Gettings for $10.00
** My blogs expressing my freedom of speech rights - especially on matters of public concern - are my opinion and not the opinion of my friends, family or employer**
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Landbanking in Cuyahoga County,,,,,
FREE houses to those connected!!
1170 East 61st Street Cleveland, OH 44103
Land Bank GIFT to Marvin Stover
According to public records, on February 19, 1998, Gus Frangos sold the property located at 1114 East 64th Street for $3,750 to MARVIN STOVER.
Frangos gave Stover a good deal considering Frangos purchased this property for $30,000
Also on February 19, 1998, Gus Frangos sold MARVIN STOVER property located at 6330 Carl Avenue for $4,000.
Gus Frangos paid $35,000 for this property prior to selling it to Stover for $4,000:
Gus Frangos was also kind enough to incorporate 13 West Buckeye Street Properties, LLC and named MARVIN STOVER as the agent:
Gus Frangos also incorporated South Market LLC and named MARVIN STOVER as agent:
On March 28, 2012, the Cuyahoga County Land Bank was kind enough to sell the property located at 1170 East 61st Street to MARVIN STOVER for $10.00
East 61st Street is the same street that Gus Frangos, PRESIDENT of the Cuyahoga County Land Bank, had multiple LLC shell properties.
Including this one that will be sold at sheriff auction for delinquent property taxes. http://realneo.us/content/gus-frangos-llc-1158-east-61-llc-sheriff-sale-april-8-2013
Gus Frangos takes care of his agents for his self-created shell LLCs- which is evident here http://realneo.us/content/gus-frangos-president-cuyahoga-county-land-bank-con-artist-jesus.
It is important to take care of the agents that are assisting Gus Frangos with his numerous scams. Frangos' biggest scam can be found here http://realneo.us/content/vadxx-energy-build-medical-waste-burning-facility-residential-area-gus-frangos-will-profit-p
One has to question everything that Gus Frangos does- every single move that he makes must be questioned. He is nothing more than a con artist in charge of all of Cuyahoga County taxpayer's property.
Gus Frangos 'gifts' to Marvin Stover must also be questioned.
Why would Gus Frangos basically give two properties to Marvin Stover- at a loss?
Why would Gus Frangos- via the Cuyahoga County Land Bank- give Marvin Stover this house?
1170 East 61st Street Cleveland, OH 44103
Land Bank GIFT to Marvin Stover
I believe the answer lies in West Salem, Ohio where 13 West Buckeye Street Properties LLC and South Market LLC are located:
13 West Buckeye Street, West Salem, OH 44287
West Salem, Ohio 44287
GREED has no limit
Daily Legal News : Real Estate : Real Estate Transfers : 104-13-073
MARVIN E. STOVER PO BOX 603820. CLEVELAND,. Grantor: CUYAHOGA COUNTY LAND REUTILIZATION; Grantee: STOVER, MARVIN E. Sale Date ...
Gus Frangos - The Coyne Report: Commercial Real Estate Trends ...
Tools, Address, City, Buyer, Seller, Sale Date, Sale Price, Current Value. Street View · 1114 E 64 ST · CLEVELAND · Stover, Marvin · Gus Frangos. 2/19/1998 ...
47 East Buckeye Street, West Salem, OH 44287
* My blogs expressing my Freedom of Speech Rights, especially on matters of public concern, are my opinion and not the opinion of my friends, family or employer*
Swingos restaurant owners skated w/394K in unpaid taxes ...
From the Land Bank website:
Taxes unpaid for YEARS under duo of Rokakis-Frangos - County Treasurer- Deputy Treasurer:
2014 (pay in 2015) TAXBILL SUMMARY
2002 (pay in 2003)
2003 (pay in 2004)
2004 (pay in 2005)
2005 (pay in 2006)
2006 (pay in 2007)
2007 (pay in 2008)
2008 (pay in 2009)
2009 (pay in 2010)
2010 (pay in 2011)
2011 (pay in 2012)
2012 (pay in 2013)
2013 (pay in 2014)
2014 (pay in 2015)
2015 (pay in 2016)
2016 (pay in 2017)
Swingos Property Sees New Life
April 7, 2017
Abandoned nearly eight years, the former Swingos on the Lake – the popular restaurant with unbeatable lake and downtown views – will soon be home to a new lakefront eatery thanks to the vision of local restaurateur Tony George.
Located on the ground floor of the Carlyle on the Lake condominium complex, the building has been vacant since the iconic restaurant closed its doors in 2009. When the property fell into forfeiture after no bids were offered in foreclosure, the Cuyahoga Land Bank stepped in. “With more than $300,000 owed in back taxes and significant condo association fees in arrears, the prospects for redevelopment were waning,” says Gus Frangos, the Cuyahoga Land Bank’s President and General Counsel. “It’s a wonderful space that had been sitting vacant for a very long time. We needed to find a way to ensure the property was returned to productive use and out of the hands of a speculator who could sit on the property, keeping it off the tax roll for years to come.”
After taking control of the property in late 2016, the Cuyahoga Land Bank began to put out feelers to local developers. After much discussion, George, who recently took over operations of Crop in Ohio City and also owns the Harry Buffalo chain and Barley House among other eateries, agreed to acquire and redevelop the property. Part of the agreement included a specification that George immediately begin paying the Carlyle Condominium Association Fees, which run several thousands of dollars per month, and real estate taxes once the sale is finalized.
The developer is currently working with his architect to assess the space and plan for the new restaurant and is confident he can return the property to its former glory. “We are investing more than $1.5 million in demolition and renovation, furniture, fixtures and equipment” says George. “We’re in the demolition phase, and if everything goes as planned, we will be open by December.”
Although the concept is being honed, George is focused on ensuring it fits with the demographic of the area. “We want to make sure we have the right concept that works for the building and its residents, for the city and for us.”
“The Cuyahoga Land Bank is a great mechanism for situations like this where a property sits vacant for years accumulating significant delinquent taxes,” says George. “I can honestly say that if the Cuyahoga Land Bank didn’t get involved, we (nor anyone else) would NOT have touched this property.
Are condominium trustees responsible 4 un-paid condo unit taxes?
Who is benefiting from the waiving of back taxes?
This Cuyahoga County Land Bank selection of new end users is not a public process and that is a invitation to corruption - not that the "public processes" in Cuyahoga County aren't also corrupt - most are.
Is the Cuyahoga County Land Bank magic wand removing $300k in back taxes actually benefiting the Condo trust? Who are the condo owners? What is the quid pro quo?
Carlyle in Lakewood involves EC George Michael Riley
I am not sure - I do know that the Carlyle has been a hot financial mess for years and besides the obvious benefit to Frangos buddies in the Swingos family (it's a family thing) - Land Bank's favorite contractor, George Michael Riley, is also involved. Thanks to Jerry Strothers for the coverage at http://44112news.com/?p=11371
EAST CLEVELAND ROACH TRAVELS AND INFESTS –
THE CARLYLE CONDOS OF LAKEWOOD
"As for all of the people at the Carlyle facility from top to bottom floors who have contacted us, we feel sorry for you all and know management will be having a meeting about their pest infestation. Perhaps someone will go to the management office and demand some justice or maybe a rebate on their monies paid to be in a building with no roaches or other infestation like con-artists looking to make a steal from their money. This guy is not from the M.A.F.I.A. but there are a few real mobsters and federal agents seeking to find out where this man lays his head down at. For their beneifit here is the place to be THE Carlye on the Lake, 12900 Lake Ave, Lakewood, OH 44107."