Woods Cove Llc Tax Lien

Cuyahoga county presently sells tax lien certificates in bulk meaning a single transaction may involve thousands of liens and millions of dollars in tax delinquency.

Woods cove llc tax lien. Woods cove ii llc docs submitted by jeff buster on tue 01 22 2013 10 30. The lawsuit calls woods cove s practices unfair and deceptive. Connect with the employees and team members of woods cove holdings llc on connected investors. Currently a company called woods cove has bought up thousands of local tax lien certificates and in many cases has foreclosed on delinquent taxpayers homes.

They argue such sales increase blight because by charging higher interest rates and fees. Woods cove holdings llc. Tax liens in cuyahoga county ohio are sold to anonomous investors. This company has been part of connected investors since 08 22 2013 woods cove holdings llc is interested in pacific palisades ca.

Cuyahoga county is continuing to selling tax liens to woods cove llc a few hundred here and a few hundred there. Not one peep from our so called media relative to the county inspector general s investigation of woods cove llc. But community organizations had complained about the county s tax lien buyer woods cove iii llc. The county has a contract with woods cove iii llc which allows the company to buy tax liens.

The last sale was on november 3 2014. Tax lien sales have few downsides for properties located in healthy real estate markets. Stewart attached a copy of the tax certificate purchase sale agreements to his second amended complaint. It isn t clear how much the investors pay for the liens ie do they pay face value or a reduced amount.

Plaintiff woods cove iii llc also a tax lien certificate holder plaintiff recently instituted this foreclosure action on april 3 2014 by filing its complaint in foreclosure second foreclosure relating to the same property the premises. The two most recent bulk buyers have been aeon financial llc and woods cove llc. Docket activity of federal case woods cove ii llc v. At the end of last month two people who fell behind on their taxes sued.

No media coverage regarding tax lien sales. From september 9 2013 through september 9 2014 woods cove was the exclusive purchaser of tax lien certificates from the treasurer pursuant to two tax certificate purchase sale agreements. But the two sides could not agree to terms of the sale after months of negotiations.