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|User Info||Big Banks, the New Tax Man ; entered at 2010-10-19 22:46:56|
You own your home outright and think you're safe... think again.
Either they grab houses from those who can't pay their mortgage...
or they grab houses from those who can't pay their taxes.
" Nearly a dozen major banks and hedge funds, anticipating quick profits
from homeowners who fall behind on property taxes, are quietly plowing
hundreds of millions of dollars into businesses that collect the debts,
tack on escalating fees and threaten to foreclose on the homes of those
who fail to pay. "