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|User Info||Big Banks, the New Tax Man ; entered at 2010-10-23 13:11:33|
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.
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