News

Mayor creates real estate post

This is a summary. To read the whole story subscribe to BostonGlobe.com

Mayor Bill Carpenter has named former Brockton assistant solicitor Benjamin Albanese as the Real Estate Custodian for the city, a new position to manage and control all property acquired through the tax title foreclosure process. Acting on behalf of the city, Albanese will sell all such property at public auctions, Carpenter said in a statement. The first auction, at which six properties will be sold, has been planned for April 24. “I made a pledge during the campaign to create revenue that would come from a source outside of the taxpayer,” said Carpenter. He said the auction will provide an immediate boost in revenue from the sale of the properties, which will then be back on the tax rolls once they are developed. Carpenter said the new job comes at no cost to the taxpayers because successful bidders will pay a premium of 10 percent to cover all expenses.

Full story for BostonGlobe.com subscribers.

Get the full story with unlimited access to BostonGlobe.com.

Just 99 cents for four weeks.

Share