Six properties whose owners owed back taxes to the Town of Warren have been “sold” at a tax sale auction held by the town.
The properties haven’t actually sold, but the bidders who paid off the owners’ back taxes do stand to profit and could eventually take title to them.
Under the law, owners can pay back the bidders, and reclaim title to their property, by paying the amount owed plus 10 percent — if they do so within six months of the sale.
For every additional month that elapses until they pay, the owners are required to pay an additional 1 percent premium. That stops after a year, however, when the bidders have the right to enter into a legal process and possibly take possession of the home.
Results of the recent tax sale are as follows:
•Property at 11 Napolean St. owned by Nicholas and Christine McGovern, sold to Robert R. Woods of Johnston for $4,398.81 in back taxes.
•Property at 6 Mill St. owned by Francisco S. and Maria C. Avila, sold to R. Quinn of Cranston for $3,503.72 in back taxes.
•Property at 4 Village Road owned by Hanley Village Development Corp., sold to Patrick T. Conley of East Providence for $14,536.99.
•Property at 12 Milwaukee Ave. owned by Doris M. Boudreau, sold to the Rhode Island Housing and Mortgage Finance Corporation for $3,240 in back taxes.
•Property at 91A Seymour St. owned by Sean P. Lowney, sold to the Rhode Island Housing and Mortgage Finance Corporation for $5,817.86 in back taxes.
•Property at 366 Main St., Unit 202 owned by Burton A. and Susan Merlin, sold to the Rhode Island Housing and Mortgage Finance Corporation for $708.39 in back taxes.Add to favorites