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11 Sep 2014, 9:01 am
11 Sep 2014, 9:54 am
11 Sep 2014, 9:57 am
What's the statute on disused real-estate before you can go and claim it? 
11 Sep 2014, 10:06 am
11 Sep 2014, 10:11 am
11 Sep 2014, 10:22 am
Narrator wrote:
What's the statute on disused real-estate before you can go and claim it?
No statute since the disused real estate still has owners unless it is foreclosed. Foreclosure sometimes happens to dead malls since some owners stop paying property taxes.
Quote:
Ownership[edit]
After being sold by its developer, Forest City Enterprises of Cleveland, Rolling Acres Mall has since changed hands several times. It was in the hands of the Whichard family, known for buying malls and then flipping them for a profit. However, even Whichard had problems attracting major players. Invest Commercial LLC, a real estate developer from California bought the facility in July 2006.[21] A number of employees were immediately fired. The future of the site remains unknown. Although Invest Commercial now owns the enclosed mall, concourses, and the Dillards facility, they do not own the other four anchors' buildings. This could become a problem in regards to the redevelopment of the site.
The building was sold to Premier Ventures LLC in November 2010. They have since ceased to pay taxes on the property, and as a result the city of Akron is attempting to foreclose on it.[22] If the building does not sell at a sheriff's auction, it will be demolished.
After being sold by its developer, Forest City Enterprises of Cleveland, Rolling Acres Mall has since changed hands several times. It was in the hands of the Whichard family, known for buying malls and then flipping them for a profit. However, even Whichard had problems attracting major players. Invest Commercial LLC, a real estate developer from California bought the facility in July 2006.[21] A number of employees were immediately fired. The future of the site remains unknown. Although Invest Commercial now owns the enclosed mall, concourses, and the Dillards facility, they do not own the other four anchors' buildings. This could become a problem in regards to the redevelopment of the site.
The building was sold to Premier Ventures LLC in November 2010. They have since ceased to pay taxes on the property, and as a result the city of Akron is attempting to foreclose on it.[22] If the building does not sell at a sheriff's auction, it will be demolished.
Think about the chaos that would ensue if random people were allowed to just go and claim disused property without formally buying it. The chaos that currently ensues (in abandoned houses more than in malls) is their transformation into crack houses and other crime hubs. On the plus side, foreclosed property tends to be pretty inexpensive (although the new owner has to take up paying property tax). You can get a house in Detroit for the price of a car anywhere else. Act now!
11 Sep 2014, 10:23 am
11 Sep 2014, 10:27 am
^^^
the many formats of pizza 
delicious
11 Sep 2014, 10:30 am
Janissy wrote:
^^^
the many formats of pizza
delicious
the many formats of pizza
delicious
Oh Yeah!! !!
I changed the title a bit of this thread to keep it accurate.
11 Sep 2014, 10:35 am
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