An eye-opening report sheds a harsh light on the growing trend of sales of property tax liens to unscrupulous profiteers, all too often forcing the elderly and impoverished out of their homes due to outstanding tax debts.
The report, from the National Consumer Law Center, found that some homeowners who owe as little as a few hundred dollars in unpaid property taxes are losing their homes at the hands of investors who specialize in buying up liens. The report warns that the practice could lead to a second foreclosure crisis.
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