|This waterfront property in Owls Head, that was valued by the town at nearly $500,000, was sold by the state for $205,000 while its owner was in a psychiatric hospital.|
The Maine Department of Health and Human Services routinely sells real estate owned by people in its care for well below their assessed values.
But the department defends its handling of such estates, saying that sales of properties are a last resort, that municipal valuations are not a fair gauge of a property’s worth, and that many of the properties have been allowed to deteriorate leading up to the state being appointed conservator....
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DHHS often sells property owned by people in its care for well below assessed values