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Calhoun County treasurer reports rise in foreclosures and says $12–$12.5 million borrowing likely
Summary
Treasurer Ann Petredean told the Board the office foreclosed 144 parcels for 2005 (69 homes, 75 vacant lots), forfeited 2,085 parcels for 2006, and projects delinquencies up $1.3–$1.5 million; she said the office will likely borrow between $12 and $12.5 million to cover the shortfall.
Calhoun County Treasurer Ann Petredean reported to the Board on April 3 that the county’s tax foreclosure and delinquency workload has increased and that short-term borrowing will likely be required.
Petredean said the county foreclosed 144 parcels related to 2005 taxes this year, of which 69 are homes and 75 are vacant lots; she noted the…
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