The Many Dilapidated Properties of Scott Wizig

THE MANY DILAPIDATED PROPERTIES OF SCOTT WIZIG Writer Rachel Monroe catches up on the real estate empire of Scott Wizig, whose extensive operation scoops up properties at tax sales — and lets you know about it by means of those often hand-scrawled bandit signs offering them for seemingly sympathetic terms. Using a scrambled web of LLCs, Monroe explains, the Bellaire resident became the biggest private owner of derelict houses in Baltimore: “Wizig wouldn’t speak with me for months. When he finally agreed to, he didn’t want to discuss how he profits from buying up distressed properties. By the time we spoke, he was trying to rid himself of his Baltimore properties, just as he’d done before in Buffalo. He presented his work as a form of charity: In his view, he helps the city by selling homes and providing financing to people who otherwise couldn’t afford them. (The Houston Press has reported on his company’s sales of legally uninhabitable houses to undocumented immigrants.) He donates to local minority youth groups and hosted a book signing last year for Martin Luther King III and Representative John Lewis. . . . It’s true that in Baltimore, unlike in Buffalo, Wizig focused on selling his properties to other investors rather than renting them out to low-income tenants. But to those who live next to his unmaintained properties, the precise shading of his business model offers little comfort.” [The New Republic] Photo of 5441 Ridge Wind Ln., for sale in Quail Ridge: Wizig’s SWE Homes

One Comment

  • Scott Wizig was a client of my ex boss about eight years ago. And he is a slick one. We were hired to redo his own own company headquarters here in Houston and I’ve never seen a client try so hard to get around the fire codes. All so he could save money. It was a nightmare. I am not proud of what he made my ex boss make me do.