Get your bids in, folks!
Attend the Cuyahoga County Sheriff foreclosure auction and bid on the Cuyahoga County Land Bank President's shell property hidden behind a LLC - 1158 East 61st Street LLC.
APRIL 8, 2013 10:00 a.m. Justice Center Auditorium 1200 Ontario Street Cleveland, Ohio
Gus Frangos - president of the land bank - failed to pay property taxes for years on this shell LLC property. Frangos salary is paid by the collection of delinquent property taxes!
The mortgage was never paid either! Gus Frangos is saving us from the foreclosure crisis by contributing some of his dumps to the foreclosure list.
Frangos wrote the book on delinquent property taxes and passed legislation to target other tax delinquent property owners. Although Frangos wrote the book, HE NEVER READ IT!
[1]
[2]
[3]
[2]COLLECTING RENT, BUT HE CAN'T PAY THE MORTGAGE OR PROPERTY TAXES:
[4]
[5] [2]
[6]| 04/26/2012 | N/A | OT | COMMUNICATION LETTER TO THE COURT FROM GUS FRANGOS, SEC. OF STATE................. |
| 03/08/2013 | N/A | OS | ON THIS DATE 03/08/2013 ORDER OF SALE ISSUED TO SHERIFF - OTHER LAND. THE ABOVE CAPTIONED CASE IS SCHEDULED FOR SHERIFF SALES ON 04/08/2013 AT 10:00 AM AT JUSTICE CENTER AUDITORIUM 1200 ONTARIO ST CLEVE OHIO 44113 IF THE PROPERTY IS NOT SOLD AT FIRST SALE A SECOND SALE AT THE SAME LOCATION IS SCHEDULED FOR 04/22/2013 AT 10:00 AM NOTICE ISSUED |
| Transfer Date: 09-JAN-03 | AFN Number: | Receipt: | |||||||||
| Parcel | Deed Type | Vol / Page | Sales Amt | Convey. Fee | Convey. No | Multiple Sale / No. of Parcels | |||||
| 104-13-070 | Warranty Deed | / | $125,000 | $500 | 141772 | 0 / 1 | |||||
| Grantee(s) | Grantor(s) | ||||||||||
|
|
||||||||||
[2]Gus Frangos was involved enough with this shell LLC - 1158 East 61st LLC- to the point of incorporating the LLC, signing for the suspiciously high mortgage, admitting to being a 'member' of 1158 East 61st LLC via his numerous signatures, hiring agent Ladon Ruffin to collect and hand over rent money, but when it came time to pay the property taxes and mortgage, well,,,,,,,,