Looks like the folks in Ewing Township had a bit of a blunder with a land deal. Seems the tax collector sold a tax lien on property the township did not own. The township’s tax collector sold the lien on property out by the Trenton/Mercer Airport. The lien was purchased by Capital Asset Research Corporation. When CARC tried to foreclose on the property, it discovered the property was actually owned by Mercer County rather than the township.
CARC was awarded $51,000 from Superior Court but struck a deal with the township for $40,000. Ewing Township may be able to recoup some of the money for this mess from the tax collector’s bonding company.
Read the article.
For more information click here.
Technorati: NJ Real Estate News, Real Estate, NJ Real Estate Blogs, NJ Housing, New Jersey, Current Events, Property Tax
For more information on Real Estate in New Jersey visit here.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment