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Saturday, November 19, 2005

Update from the Land story

And it gets more interesting!!!! (First story here)Seems to want to be on the Pulse on eBay!!! I will be looking for it to actually be posted on there so I can post it here.

Square-Inch Plot of Land for Sale on eBay

Fri Nov 18, 5:05 PM ET

A square-inch parcel of land will be auctioned this week on eBay for a starting bid of $1,224, although Owen County officials say they've had offers for more.

The back taxes, with penalties and interest, total $1,224, which is all the county can collect, said county attorney Richard Lorenz. The rest would go to the bank that owns the land.

"Once we began to get all of these offers, we thought that to be fair we ought to sell it off to the highest bidder," he said. "We'll have it up on eBay for seven days."

The story was first reported last week when The Herald-Times of Bloomington found that a postage-stamp-sized piece of land in the county west of Bloomington had attracted not one bidder at a tax sale. There is a minimum bid of $1,500 for tax sale parcels.

Since then, Lorenz, county Auditor Angie Lawson and First National Bank in Cloverdale say they have fielded interest calls from CNN, NBC's "Today" show, television and radio stations from around the world and potential bidders.

"We've gotten probably 15 calls," Lawson said. "One of my staff was a clerk in Grant County and issued a marriage license to Lyle Lovett and Julia Roberts, and she said this had gotten more media attention than that did."

Linda Greenwell, Lorenz's secretary, said she can hardly get any work done.

"We've had calls from around the world — Israel, France, Germany, England, Australia," she said.

First National Bank in the 1960s foreclosed on a 1.12-acre parcel of land that the inch-square had been taken from, probably so a relative could have access to the nearby lake.

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Information from: The Herald Times, http://www.hoosiertimes.com

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