Foreclosure Proceedings Against Heritage Discovery Center
Photo by Wiertz Sébastien
City officials of Norwich have initiated foreclosure proceedings against many properties that are owned by Janny Lam, an eminent downtown developer. Lam said that she has been trying to sell a few of the 26 properties that she owns. This will help her to come out of the debt.
Lam owes above $300,000 in taxes that are listed under other names. Attorney Aimee Wickless had filed three foreclosure notices against several properties. One of them was the Heritage Discovery Centert hat borders Water and Main streets. There are 4 tenants in the building; one of which is the Norwich Community Development Corp. office.
The mayor had also announced that foreclosure action would be started against Lam’s properties. Wickless also said that this is only the beginning; more are yet to follow in the next few weeks. Lam naturally is very disappointed. She said that she has been singled out this week. At the same time, she regrets having fallen behind on payments. However, she is determined to work with officials and see that her properties are not foreclosed upon.
Lam also said that many properties are up for sale. However, the news about foreclosure notices has spread like wild fire. Now that will definitely hurt her efforts. The owner also said that a prospective buyer has brought down the price after the announcement.
Lam is of the opinion that the foreclosure action against Heritage Discovery Center at 77-85 and 87-91 Main Street show that the owner owes $16,264 on the two buildings. Lam, had, however, made a payment of $10,000 in October. Till 2010, the Heritage Discovery Center was registered as a single building. The taxes were, therefore, much lower. Lam pointed this out to the assessor Donna Ralston and even brought out the purchase deed.
Ralston pointed out that the houses will be joined together again. This will be done only after a list of properties is made in February 2012. Ralston has also pointed out in the new bill, the addresses will be once more joined. However, the change may not affect the total bill per se. After all, it is based on building usage and the square area. LAM may have to make an appeal to Board of Assessment Appeals. This board will meet in March 2012.
Also foreclosure filings were made against three vacant spaces located in 92 and 106, School Street amongst others.
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