This is so stupid I just had to share. One of the legal cases I follow is Huntington Bank Vs. Larry Bush (Bush Marine). Larry is Point Place's biggest slumlord. He owns numerous properties and does the very least he can in maintenance. Many years ago he was asked why he doesn’t maintain his properties and his reply was "They make money the way they are so why should I?" In the 90's he bought two shopping centers in the Point, Marina Plaza, which now is completely vacant, and Merchants Landing which has two tenants left. Needless to say he quit paying taxes on them, let the insurance lapse and quit paying Huntington on the loan. The bank foreclosed on them and put a receiver in place to take care of the properties and find a buyer for them. The realtor found a prospective buyer for Merchants Landing and suggested they contact the City of Toledo to see if they could offer any incentives. On April 11 and the 13th the prospective buyer met with many city officials one of whom suggested that he not sign a letter of intent with the realtor because they could get the county to foreclose on the property and cut him a better deal on the past due taxes, now some 342,000 dollars. Sure enough on April 26 the County auditor filed a motion to leave the Huntington suit and filed their own motion to foreclose on June 1st. So the bank goes to all the trouble to care for the properties the last couple of years and the City is going to screw them and the realtor over the deal. How stupid is that. I am sure the realtor will think twice before they deal with the city again, not to mention the bank, who cancelled an auction on the property in early April because they were told the that Toledo would like to add the parcel to their Land Bank.
The really, really stupid part of the whole thing... the property is not in the city of Toledo, it's in Washington Township