Saturday, February 07, 2009

Ohio Town Stuck Holding $11K Demolition Bill After Tearing Down Arson-Damaged Home Currently In Foreclosure

In Sylvania Township, Ohio, The Toledo Blade reports:
  • More than two years after it partially burned in a suspicious fire, a derelict and decaying house [...] was torn down last week — to neighbors’ delight. [Township trustees] reiterated that the path to demolition was a tortuous one, complicated by the arson investigation, an insurance company’s resulting refusal to pay for repairs, and a federal lien placed on the property that wasn’t released until last spring.

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  • Yet another complication involved the mortgage on the property. The institution that held it failed and Deutsche Bank National Trust Co., which assumed the mortgage, filed a foreclosure complaint three months ago in Lucas County Common Pleas Court.

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  • The township is paying the demolition’s $11,000 bill, which will include removing the foundation, filling in the basement, and seeding the vacated space in the spring, Ms. Liedel said.

For the story, see Decrepit house demolished (Sylvania Township responds to neighbors’ concerns). BetaVacantForeclosure