Replies to post #89313 on SPOOZ Inc (SPZI)

[surfkast]

So they are behind and could have major issues. Correct?

[Mr Smith 34]

What would cause the tax due on the property to change? Tax rate changes? Reassessment of the building?
The first 2 quarters in 2024 are billed at $91,180 and the last 2 quarters are billed at $82,821. The first 2 quarters in 2025 are billed at $87.000.50.

[Kool Aid Man]

This earlier screenshot shows a payment in April. Note the changes in balances between this image and the one that follows nearly 4 months later. I'm no expert but it seems they're making the minimum interest payments to keep this property from going into tax foreclosure.



Last payment 7/29/24