Out of work and unable to pay his mortgage, Kenneth Barron Jr. knew he was going to lose his small ranch home on W. Roosevelt Drive in Milwaukee to foreclosure. So he and his teenage son packed their bags about four years ago and left.
“I said, ‘All right, if you’re going to take the house, then take the house,'” said Barron.
Morocco Investments LLC, a major buyer and seller of central city properties, did just that in January 2012, paying $13,501 at a weekly sheriff’s sale to buy Barron’s foreclosed home.
Yet as far as city tax collectors are concerned, Barron still owns the property. Their records show he owes $12,289 in delinquent taxes, fines and fees.