Property News · November 30, 2017

San Francisco returns street to homeowners, reversing tax default sale to couple slammed as ‘speculators’


A block of homeowners that failed to pay a US$14 tax for decades will nevertheless get to keep the private garden islands and gated street that adjoins their mansions, San Francisco officials decided Tuesday, as they reversed a tax default sale for the first time in the city’s history.
Tina Lam and Michael Cheng, the San Jose couple who had bought Presidio Terrace for US$90,000 at an auction and hoped to rent or sell it back to the residents blasted the decision as favouritism.
A US…

Source : South China Morning Post
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