Xes. When after three decades that payment fails to arrive in the city treasury state law is very strict. If people fail to pay their property taxes for more than five years, we must offer the property for auction. Reporter that is what happened in 2015. Real estate investor chang and his partner won the auction and the street with a bid of just more than 90,000. James spoke with us today while on vacation in boca raton, florida. I like to say theres a price for everything. But obviously at the moment we are really looking to hold on to this. Property like this doesnt come along very often. Reporter its not so simple. Residents here say they never got a bill from the city. Instead, they say the city was sending a bill to an accountant who stopped representing them in the 1980s. How could they ever know . There should have been notice to the residents. We mailed to the address of record. So it is always the Property Owners responsibility to keep their information up to date. Reporter no
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