Jeff Notrica may have lost many of his EAV properties to bankruptcy, but to this point he's held on to most of what he owned under his Glenwood Gresham LLC - the spaces that house Gravity Pub to MSR on Glenwood, the crappy buildings behind MSR on Gresham and the corner house on Gresham at Portland. He lost the really expensive unpaid parking lot behind Graveyard to foreclosure earlier this year.
But I decided to check up on those properties today and found that everything except the "boat building" still held by Glenwood Gresham LLC is set for a tax sale come December according to the county. Seems that the LLC is behind on 2008 and 2009 taxes (i.e. they haven't paid them) to the tune of $82,475. And, no, they haven't paid 2010 taxes, either. So the county has set a tax sale date for all of them. Notrica has gotten tax sale notices before and held on to things, but I don't know that this will be the fate in our current economic climate. Tax sales in Georgia, if I understand things correctly, mean somebody buys the right to the tax debt, which means they hold a lein on the property, which ultimately means they can foreclose on the property if the debt is not paid.
The "boat building", by the way, also has unpaid 2008 and 2009 taxes totalling $16,730, but it's not listed as having a tax sale date set.
Just so you know.
