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| User Info | Big Banks, the New Tax Man ; entered at 2010-10-23 13:11:33 | |||
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Mesa Posts: 1194 Registered: 2008-11-20 
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So... a poor elderly lady... who bought her home decades ago [when prices were dirt cheap] and has paid off her mortgage years ago... faces increasing property taxes [because taxing districts need lots of money to pay pensions] yet her social security income is decreasing [because while the government does not increase her social security income because they say there is no inflation, government inflates her Medicare premium. So, her SS check is less.] Now the poor elderly woman has to choose between food/electricity/heat or paying her property taxes. So... a big bank buys her property tax debt adds enormous interest and fees that she would never be able to pay, then they foreclose, kicking her out on the street. Isn't America wonderful. Here is a related article: http://www.lewrockwell.com/rep/predatory.... 2010-10-23 13:11:33
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