Sunday, December 13, 2009

Even the taxman can't sell real estate..wow!

Link
Several hundred properties with overdue taxes did not sell at auctions this week in Richland and Lexington counties, surprising tax collectors who say it's rare for delinquent properties to go unsold.

"I'm astounded by the numbers this year," Gene Rishkofski said of Lexington County's 460 unsold properties, mostly parcels of land. "We've never had real estate in these large numbers that did not sell."

Last year, 101 properties did not sell, which means the increase is about 3 1/2 times the 2008 figure
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