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Occupy Youngstown protest foreclosure of Pig Iron Press on Friday

Published: Thu, May 3, 2012 @ 11:34 a.m.

YOUNGSTOWN ­— Occupy Youngstown will protest the foreclosure of the Pig Iron Press, 26 N. Phelps St. in the city’s downtown, from 11 a.m. to 2 p.m. Friday.

Jim Villani, owner of the business and an Occupy Youngstown member, failed to pay his property taxes from 2007 to 2009, an amount he said was $4,088.67. The Mahoning County treasurer sold a tax lien on his business to American Tax Funding, a Florida company that buys liens.

ATF began foreclosure proceedings against Pig Iron Press in 2010, but that was stayed when Villani filed for bankruptcy. Villani then withdrew the bankruptcy request and said he paid $9,000 to ATF last year.

But the company had billed him for $16,500 for the unpaid taxes and penalties, and re-filed a foreclosure case against Villani in March.

Villani and Occupy Youngstown object to the compounded late fees, ATF not telling the building owner of his debt before foreclosure proceedings, offering a payment schedule, and that the $9,000 was an effort to meet his debt obligation.

For the complete story, read Friday’s Vindicator and Vindy.com

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