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The committee unanimously recommended that Malden sell five tax-foreclosed properties, pending court judgment, rather than retain them. The properties are at 141 Pierce Street Unit 14, 19 Murray Hill Park, 109 West Street, 157 Columbia Street, and 195 Beltran Street.
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The committee determined that selling the properties is more practical than keeping them because the city would have to pay liabilities, address excess equity claims, and fund rehabilitation or development. Properties selected for sale would be listed through MLS, where abutters and other interested parties could submit offers; the city does not conduct direct sales or auctions. The Office of Housing and Stability was asked to notify residents of the Pierce Street condominium or other non-owner occupants.
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