Solomon properties sold for $735,000

NORWAY — Nine properties owned by either New Horizon Capital Investment LLC or its co-principal Dawn Cummings Solomon were sold at auction Tuesday for a total of $735,000.

Solomon, 42, of Harrison faces a prison sentence for defrauding the state of $4 million in MaineCare money through her Living Independence Network Corp. in Norway. She pleaded guilty to embezzlement in December.

The lender-ordered auction of the nine properties included the historic Odd Fellows Building at 380 Main St. in Norway. Mortgage holder TD North Bank bid $89,000 to get it after attempts to sell it to some two dozen bidders failed to elicit more than a $30,000 offer. The building was owned by New Horizon Capital Investment, whose principals are Dawn Solomon and her husband, Harvey Solomon.

Bidders included businesspeople from the Norway-Paris area and a man from Queens, N.Y., who said he was looking for a family home.

A single-family house at 16 Orchard St. in Norway also was purchased by the bank for $89,000, after receiving a bid of $40,000.

Tom Saturley of Tranzon Auction in Portland, who conducted the auction on behalf of the mortgage lender, said two or three people were interested in buying the Odd Fellows Building, but several challenges, including buyers unable to abide by some unspecified terms of the sale and the lack of available financing, hindered active bidding Tuesday.

Seven other properties were sold:

* Office building at 172 Main St., Norway, $100,000.

* Single-family residence at 34 Greenleaf Ave., Norway, $65,000.

* Four-unit apartment building at 21 Cottage St., Norway, $85,000.

* Five-unit apartment building at 24 Cottage St., Norway, $150,000.

* Two-family apartment building at 14 Orchard St., Norway, including 10 acres and the former No-Par ski slope, $37,000.

* Three-unit apartment building at 35 Skillings Ave., Paris, $55,000.

* Three-unit apartment building at 44 Gothic St., Paris, $65,000.

The primary residence of Dawn Cummings Solomon and her husband, at 90 Zakelo Road in Harrison, was recently pulled off the auction list, but Saturley said he expected it to be on the auction block in the spring. The property on Long Lake is assessed at just under $1 million.

Once the financial transactions are completed on the auctioned property, the new owners will be responsible for paying delinquent taxes. New Horizon Capital Investment LLC and Dawn Cummings Solomon owe the town of Norway more than $45,000 in outstanding taxes, according to Tax Collector Shirley Boyce.

New Horizon Capital Investment also owes $1,575 plus interest to the town of Paris for the two apartment buildings that were sold Tuesday.

Saturley said the court would be apprised of the sales.

ldixon@sunjournal.

Leslie H. Dixon/Sun Journal

Michael Carey, vice president of Tranzon Auction properties, tries to elicit a higher offer from a bidder at Tuesday's auction of nine properties owned by New Horizon Capital Investment, LLC, and its co-principal Dawn Cummings Solomon.

Leslie H. Dixon/Sun Journal

Thomas Saturley, president of Tranzon Auction Properties, walks back to the podium to continue the bidding process as Tranzon Vice President Michael Carey talks to a prospective bidder Tuesday in Norway. Nine properties owned by either New Horizon Capital Investment, LLC, and its co-principal Dawn Cummings Solomon were sold for a total of $735,000.

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Displaying comments, from newest to oldest

dlaurels's picture
verified

Not much

$735,000 doesn't go very far toward paying of a $4M debt. I would hope this woman gets to spend the majority of the rest of her life behind bars. We all know this has not been the case in other instances in the past, but it is time for the people to be shown that this kind of behavior will not be tolerated.

tron's picture

It is a greater percentage

It is a greater percentage than Robert Nutting paid back from his Medicaid fraud, and not only is he NOT in jail, republicans chose him to be Speaker of the House.

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