That crunching sound you heard late yesterday afternoon was the noise made by eight of Steven Ingersoll's "Arts District LLC" properties, and a Center Avenue home, officially entering the final phase of the property tax forfeiture/foreclosure process.
In Michigan, real property tax delinquency involves a three-year forfeiture and foreclosure process.
Parcels are forfeited to the county treasurers when the real property taxes are in the second year of delinquency. Real property taxes which remain unpaid as of March 31 in the third year of delinquency are foreclosed upon by the Foreclosing Governmental Unit (FGU), which is usually the county treasurer’s office.
The FGU is responsible for inspecting forfeited property, providing due process notifications and subsequent disposition of the tax foreclosed property.
Here's how the process works:
Taxpayers pay their current year property taxes to their city, village or township. "Delinquent" taxes are turned over to the Office of the County Treasurer, and a 4% fee is added with a 1% per month interest rate, 12% per year, in March of that year.
In the next year, the interest rate jumps to 1.5% retroactively, or 18% per year. In the third and final year of the process, you lose your rights to the property and it is offered at auction to recover the taxes, penalties and interest that are owed
Official Bay County Register of Deeds office records reveal the awful truth for Ingersoll's "Arts District":
But there's more!
You can also add the Sanford Green House (above) at 1501 Center Avenue in Bay City. With another $2,803.60 added to Ingersoll's tab, he's now at $32,248.53!
But wait, here's two more: 114. N. Jackson ($6,785.85) and 115 N. Jackson ($831.80). Where are we now?
At $39,866.18...and counting!
Remember Gerald "Bark" Essex?
Essex, known on the Bay City Academy job site as "Bark", was the crew foreman of Roy Bradley's restoration company, Lasting Impressions, for the Academy conversion project.
Although Bradley was convicted on all four counts, Essex escaped justice and was found not guilty.
As I reported on this blog last fall, Steve Ingersoll signed a quit claim deed on September 26, 2013 for 241 N. Farragut, deeding the "rights and interest" in the property to Essex exactly one week after he was arraigned (along with Roy Bradley) on four counts of illegally distributing and handling asbestos. However, Ingersoll didn't officially register the deed with Bay County until February 24, 2014.
On March 31, Ingersoll's Arts District (meaning Ingersoll) filed a "correcting deed" for the property—further clouding the issue of just who owes the outstanding tax debt.
So, are you still convinced he's a "philanthropist"...or just a common thief?