St. Louis Still Searching for Owner of Deteriorated Homes

3 years 1 month 5 days ago August 26, 2013 Aug 26, 2013 Monday, August 26 2013 Monday, August 26, 2013 11:04:28 AM CDT in News
By: The Associated Press

ST. LOUIS (AP) - City efforts to force repairs at hundreds of deteriorating St. Louis homes remain stymied as the property owner's identity is shrouded in mystery.

The St. Louis Post-Dispatch reports that the Urban Assets LLC holding company owns more than 200 distressed houses on the city's north side. Many have multiple code violations and unpaid fines. And the company hasn't paid city property taxes since 2009.

The holding company's registered agent says he is bound by confidentiality to not disclose the owner's identity. The city is trying to sell dozens of Urban Assets' houses at nuisance property auctions after the company failed to pay property taxes. Only one has sold so far.

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