Sheriff and Republican cronies rake in big bucks from foreclosures



 Politics > Politics-Economics > Sheriff and Republican cronies rake in big bucks from foreclosures

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Topic: Politics > Politics-Economics
User: "Harry Hope"
Date: 04 Feb 2008 12:21:07 PM
Object: Sheriff and Republican cronies rake in big bucks from foreclosures
From The Cincinnati Enquirer, 2/3/08:
http://news.enquirer.com/apps/pbcs.dll/article?AID=/20080203/BIZ01/802030304/1076/BIZ
Sheriff's appraisers cash in
Critics say sheriff's cronies rake in big bucks from crisis
BY GREGORY KORTE
As a record number of foreclosures battered Hamilton County homeowners
and neighborhoods, six people - mostly politically connected friends
of Sheriff Simon L. Leis Jr. - made record earnings from the
foreclosure crisis last year.
They're the appraisers hired by the sheriff to determine the value of
foreclosed properties before they're sold at a courthouse auction.
Last year, the six appraisers each made more than $165,000.
Two earned more than $250,000.
Only three of them are licensed appraisers, but the law doesn't
require them to be.
The lone qualification is that there be "an inquest of three
disinterested freeholders" - that is, property owners - and residents
of Hamilton County.
They are 77 to 84 years old.
They are registered Republican voters.
____________________________________________
uh huh
Harry
.

 

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