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The Last Shoe Is About to Drop

February 10th, 2010 · 6 Comments

The Daily Record is reporting that Harvey Nusbaum will plead Guilty to tax lien auction bid rigging on February 12, 2010. His partner Jack Stollof pleaded guilty in January and will be sentenced March 25.  Steven Berman pleaded guilty in 2008 and paid a $750,000 fine in the same investigation.

Tags: Tax Liens

6 responses so far ↓

  • 1 Craig Fuhr // Feb 17, 2010 at 8:04 pm

    Gees – no wonder Jack was so short with me the last time I called to ask if he had anything he wanted to sell. Talk about old school, the guy never used contracts. We would agree on a price, and meet at the table 30 days later. Over the years, I’ve talked with many who had good and bad stories to tell about Jack.

    I can’t say that I’m at all surprised to hear the news. Just one less competitor, huh Ned?
    .-= Craig Fuhr´s last blog ..House Flip Story: Alvarado Sq – Update 2 =-.

  • 2 Baltimore Tax Lien Sale. Make Money Buying Tax Liens | Craig Fuhr // Feb 17, 2010 at 10:13 pm

    […] Ned’s Link: The Last Shoe Is About to Drop […]

  • 3 Ned // Feb 17, 2010 at 11:30 pm

    Thanks for stopping by and the link Craig. I just sold a tax sale property today! We should celebrate with Sushi.

  • 4 Giovanna Bellas (1 comments.) // Mar 4, 2010 at 11:50 pm

    Real estate taxes are pushing many local investors out of the market now more than ever due to the soaring assessments in Baltimore City.

    Officials promise to regulate assessments and add relief; however, these slow efforts are causing more vacancies and less solution.

    Does lowering current assessments mean increased tax rates in the future?

    Inquiring minds want to know.

    giovanna bellas
    Baltimore Metropolitan

  • 5 Ned // Mar 7, 2010 at 7:01 pm

    Giovanna, Thanks for stopping by. I think higher property taxes is a hot button they are not likely to push soon. I suspect higher taxes are coming, however it will be new taxes or taxes witrh more limited scope (can you say beer tax).

  • 6 Giovanna Bellas (1 comments.) // Aug 23, 2011 at 9:03 pm

    Ned, we have not seen much relief in the past year and half on taxes. We are seeing a major surge in our sector, here in Baltimore and nationally with multifamily investments. I have two on St.Paul Street alone under contract.

    I just noted that each time our sales volume decreases by 1% we are looking at approximately one million renters to flood the market.

    Something to chew on for today./

    This is the best time for investors to take advantage of cashflow and get the unfair share while it lasts.

    giovanna bellas
    Commercial Broker/ Realtor

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