PARIS — The town foreclosed on eight pieces of property Tuesday. On four of those, the former occupants are now living on town-owned property.
The other four are uninhabited land, according to Paris Deputy Tax Collector Elizabeth Knox.
Knox said one person who had outstanding taxes came in Tuesday, the last day to avoid foreclosure.
“We own eight more pieces of property than we want to,” Knox said.
She said two owners have already contacted the town to set up purchase-and-sale agreements, which would roll back taxes owed, plus interest, into current tax payments. The payments are spread out into “something that’s comfortable for the property owner,” Knox said. “It can be a matter of a couple of years.”
The interest on unpaid taxes is regulated by the state.
All residents whose property has been foreclosed have been informed and must meet with Town Manager Phil Tarr to set up a purchase-and-sale agreement.
If the town decides to stop waiting for a response from the property owner, the town could potentially decide to auction off the property. Knox said that in her six years as deputy tax collector, the town has sold all foreclosed property back to its owners or is in the process of selling it back.
treaves@sunjournal.com
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