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Buyers tell Boone County board tax-sale lots are effectively ‘dead’ due to title issues
Summary
Two buyers said they purchased tax-sale lots in Candlewick Lake to build spec houses but discovered unresolved liens and title problems that are blocking financing; the board agreed to add the matter to an administrative agenda for staff and county trustee follow-up.
At the Boone County Board meeting Dec. 18, two recent purchasers of county tax-sale lots in Candlewick Lake urged the board to investigate title problems they said are preventing the properties from being sold or financed.
Jack Gary Olich and Gary Combs told the board they bought two lots at tax sale intending to build spec houses, completed foundation work on one parcel and applied for permits, but were later told by title underwriters and their bank that the titles could not be…
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