Town of Palmer to hold tax auction of eight propertiesJanuary 15, 2011
An auction of eight town-owned properties will be held Thursday at noon at the Town Building in an effort to get them back on the tax rolls.
The auction is being conducted by The Zekos Group of Shrewsbury.
Its website, www.zekosgroup.com, shows each property in detail, including acreage and a photograph.
Six are residential properties: 41 Bourne St. (assessed at $117,400), 2012 Cross St. (assessed at $138,600) and 458 Springfield St. in Three Rivers ($192,300); 112 State St. in Bondsville ($222,000); and 1088 South Main St. and 253C Ware St.
The last two are mobile homes, and assessed at $75,500, and $71,700, respectively.
One property features 11 acres of land at 593 Old Warren Road with frontage on Route 67, assessed at $95,500, that was once eyed for a subdivision. Another is a former business, Al Jr.’s Cycle at 3008 Center St. in Bondsville. Al Jr.’s Cycle, assessed at $98,500, was recently seized by the town for $119,000 was owed in back taxes.
The tenant there, Albert Laviolette Jr., was evicted last month after town officials discovered he was living and working there in conditions described as unfit for human habitation.
Properties will be sold as is, and buyers should bring identification with them. Registration for all auction properties will begin at 11:30 a.m. A $5,000 deposit to bid is required for all properties except for the mobile homes, which require $2,500.
Acting Town Manager Patricia A. Kennedy said the properties all were taken by the town through the tax title process in the past year.
“Whatever we get will be more than what we had,” Kennedy said.
Lawyer Peter A. Brown, who has been working with the town to recoup back taxes, said all mortgages and liens on the properties have been forgiven through the foreclosure process.
Brown said the purpose of the auction is to generate as much one-time revenue for the town as possible, to eliminate the tax delinquency, to remove neighborhood blight and get the properties back on the tax rolls.
“All of these cases went through a very detailed judicial foreclosure in Massachusetts Land Court,” Brown said.
Paul T. Zekos, president of The Zekos Group, said he has had a number of inquiries about the properties, “but you never know what’s going to happen at an auction.”
“You’ve got to be in it to win it,” Zekos said.
“This is a terrific opportunity for investors or folks looking to take advantage of a down market and turn a profit,” Zekos added.