Seth Slabaugh has an article in the Muncie Star Press on an individual who seems to have gotten in over his head buying properties at tax sale. The person spent a couple hundred dollars apiece buying about 14 properties at tax sale. But:
[Muncie’s] unsafe building hearing authority has issued civil penalties of $5,000 each on two of the properties . . . for failing to comply with orders to demolish the unsafe structures. And more penalties could be coming.
. . .
[The individual] is not only facing civil penalties. If he fails to demolish the properties, the city can raze them and charge him the cost of demolition as well as administrative costs, said Gretchen Cheesman, director of the authority.
Oops. And, the guy says he is living off of about $900 in social security income.
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