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Real Estate & Property Law

: The Home Equity Theft Reporter

St. Louis Man Invests $137K+ To Buy, Rehab Home, Then Loses It For $6K In Municipal Foreclosure Sale; Says City Failed To Notify Him Of Pending Action

By r morris

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In St. Louis, Missouri, the St. Louis Post Dispatch reports on Mark Siebels, a local real estate investor who bought a burned-out two-family building in south St. Louis for $37,500 four years ago, invested an additional $100,000 to rehab it, and then lost it for $6,000 in a city foreclosure sale triggered by his failing to pay periodic vacant building registration fees. He says he had no clue

Full post as published by The Home Equity Theft Reporter on February 18, 2010 (boomark / email).

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