Property Transfers Have Been Updated

[Henry]

Hi All,

Just can't believe the prices of property here in Fairfax.  Sure glad I am not out there trying to buy a house.  Anyhow I have updated the property transfers up through April 7, 2014.  The link is on my index page and you can also get there by clicking on the following link:

http://www.vtgrandpa.com/fhs/raytrns.html

[nhibbard]

I haven't been keeping up on the SelectBoard meetings. Why did the Town sell two parcels recently?

[rod anode]

to pay for your schooling

[Counselor]

I haven't been keeping up on the SelectBoard meetings. Why did the Town sell two parcels recently?

They were tax delinquent two years.  After the second year the town can sell it at auction to recoup the taxes ... and more.  There were actually four properties sold last Feb.  Not sure the status of them all now, but once it is "sold" the original owner has a year to reclaim the property by paying the back taxes etc.

[nhibbard]

Thanks. So does that sort of explain why the property wasn't transferred to the Town prior to them selling? I was kind of expecting a transfer to the Town then a transfer to the new owner.

[logical]

So if the original owner ends up paying the back taxes within the year what happens to the new owners?  Do they get their $$ back?

[kpplus2]

What happens is your house goes  for tax sale, let's say i buy it. You have 12 months to pay the back taxes, fees, and the current taxes. In other words pay me back. The catch is to pay me back it's at about 12% interest. So I win regardless i either get 12% on my investment or the property. The issue is it kind of holds up the property for a bit unless the old owners sign a release statement saying they release all ties to the property  in other words we are not going to pay you back.