COMMENT OF THE DAY: PRYING DILAPIDATED PROPERTIES FROM SHY OWNERS “I’ve spent some time in my career tracking down the sort of person that doesn’t like paying bills, receiving official notices or summonses, or anything at all like that. And yeah, it’s usually some individual or a tight family, often living out-of-state. A big corporation could never pull it off so easily. Even if the City levies fines against the owner and eventually forecloses the property and sells it at a constables’ auction, the title is still marred because the previous owner might come back to challenge the sale over issues of notice. That doesn’t happen terribly often, but it does happen and it’s in the back of any would-be bidder’s mind at the auction. Of course, that means that the risk and the back taxes are already priced into a bid, that bids are often abysmally low, and that there’s not terribly much incentive for the City to throw good money after bad. It doesn’t mean that they won’t or shouldn’t. But I’ll bet that if they could recover more of what they put into it, that you’d see the City getting a lot more aggressive, right quick.” [TheNiche, commenting on A Tax Break for Replacing ‘Blight’; The Secret Bar Above Clutch City Squire] Illustration: Lulu