Our local media is FINALLY reporting on this issue that has been ignored for many years.

Company that bought Cuyahoga County tax liens is gouging property owners, according to former attorneys

An out-of-state tax collection firm that has bought thousands of Ohio tax liens hoping to make a profit has violated state law by assessing high interest rates on property owners in Cuyahoga and other counties, according to two attorneys who once represented the firm.

Two attorneys, Mark Schwartz, of Chicago, and Kirk Liederbach, of Cleveland, made the allegations against Woods Cove II in a Nov. 26 letter to Ohio Attorney General Mike DeWine.

In the letter, which is also copied to county treasurers in Cuyahoga, Hamilton and Summit counties, the attorneys say that Woods Cove II sets up its payment plans to artificially assess interest after the principals are paid off.

The practice helps boost Woods Cove II's investors' rate of return, but also inflates the effective interest rates property owners end up paying to between 26 percent and 450 percent, breaking Ohio's legal limit of 18 percent, the attorneys say.

http://www.cleveland.com/cuyahoga-county/index.ssf/2013/12/company_that_bought_cuyahoga_county_tax_liens_illegally_gouged_property_owners_attorneys_alleges.html#incart_river_default [1]

** PLEASE NOTE THAT THE PLAIN DEALER HAS BANNED ME FROM COMMENTING ON THIS STORY AT CLEVELAND.COM. **

THE PLAIN DEALER KNEW ABOUT THE ISSUE WITH TAX LIEN COMPANIES FOR MANY YEARS.

  I WAS ABLE TO POST COMMENTS TO CLEVELAND.COM YESTERDAY, 12/5/13, AND TODAY I AM BANNED.

The Plain Dealer is a worthless piece of shit newspaper.  No wonder they are going under.

One of MANY emails sent to the Plain Dealer on the issue with tax lien companies:

Can you folks cover this issue that is happening in our own backyard and receiving national attention, but not one word from the PD?   Delinquent property tax liens being sold to companies under federal investigation.  Purchasing property tax liens from Cuyahoga County, filing thousands of foreclosures for delinquent property taxes, now owns 137 properties in Cuyahoga County and tax delinquent with every single property the company itself owns- for nearly two years.   County officials have allowed this company to foreclose on tax delinquent property, and then fail to pay their own property taxes after the deed transfers.   This has been going on for years.  Second company to do this under the county's watch and not one word from you folks.  Adding fuel to the foreclosure crisis- 1000's of county property owners victimized and NOT ONE WORD FROM THE PD.   People losing their homes over delinquent property taxes would be shocked to learn that the company that has victimized them is chronicallly tax delinquent themselves and owes the county more than what they original homeowner owed at the time of foreclosure.  Aeon owes the county more than $100,000 in delinquent property taxes.   A national reporter is working on this story with me and I told them that you folks have never written one single word on this issue.  Our one and only paper has NEVER addressed this issue.

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Our local media  has been a problem for many years. Cuyahoga County is corrupt and the media cover-up is part of the problem here.

 

Comments that I made yesterday on Cleveland.com with no issue.  Today I am banned on purpose.

 

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Lily_Miller_520 [2]

yesterday [3]

 

Looks like he can't even manage his own campaign finances:

OVERDRAFT FEE KEEP KEARNEY IN THE SENATE
OVERDRAFT FEE KEEP KEARNEY IN THE SENATE
DAILY OVERDRAFT FEES KEEP KEARNEY IN THE SENATE
http://www2.sos.state.oh.us/pls/cfonline/f?p=119:4... [4]

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[2]

Lily_Miller_520 [2]

21 hours ago [6]

http://www.dispatch.com/content/downloads/2013/11/... [7]

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