HI.
I know this isn't exactly Salisbury but recently I was looking through one of those free papers that lists property transfers and noticed that the YMCA in Easton purchased a house. For some reason that caught my eye and when I looked at who the seller was it was the CEO of the YMCA. I was curious as to why the YMCA would purchase the home of its CEO so sent him an email. His reply stated that a YMCA employee was renting it who just moved here from another area and would later purchase the home.
At first that sounded understandable but then I looked at the homes in the neighborhood and maybe I am missing something but none seem to have sold for as much in the past couple years and there is currently a larger home on the market for the same price. It kind of sounds fishy that a non-profit would purchase its CEO's home and then rent it to a new employee. All this happening while right on the front page of their website they are asking for donations to complete an expansion and are expanding to St. Michaels and into neighboring counties.
Since we don't have a news site like yours here I thought I would pass along this information hoping it might raise some questions to make sure nothing shady is happening here like taking advantage of his position to sell his home at a price of more than it would get on the market, no to mention he probably didn't have to pay an agents commission.
Here is the property record:
http://sdatcert3.resiusa.org/rp_rewrite/details.aspx?AccountNumber=01%20101102%20%20%20%20%20%20%20&County=21&SearchType=STREET
Thanks!
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
4 comments:
It would not be unusual for a big company to purchase the home of a senior executive for the purpose of relocating, but that does not seem to be the case here. YMCA are a bunch of crooks. Just look at what they did in the Pines. The were donated land with the provision that they would build a YMCA there. The contract had a requirement for them to obtain a building permit within a set amount of time. Problem was, the contract didn't say a building permit for WHAT...even though it was obvious it was meant for the YMCA. So what did they do....they got a permit for a nature stand of some sort and now say the land is their...with no intention of building a YMCA....crooks I say.
I can't imagine what the monthly rent would be on a $350,000 home. This new employee is making the checks out to the YMCA, right?
The CEO couldn't rent some other place while waiting for the house to settle, like everyone else does? Hmmmm.
This is probably just the tip of the iceberg!!
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