Did you hear about the new opportunity for
the big banks and investment companies?
Local governments are now signing over
collection for tax delinquent homes.
So the local tax payer loses their job because
government created a tax break to move jobs to China.
Then because the homeowner doesn’t have
a job they fail to pay their property taxes on time.
The local government then sells the delinquent tax bill
to a third party collection agency owned by the big banks
that got the bail out money.
Then they put extra collections fees and high
interest rates which most still can’t pay.
Then they foreclose on the property and bingo
the banks have more real estate to sell!
More information at Huffington Post; click here
or paste link below.
http://www.huffingtonpost.com/2010/10/18/the-new-tax-man-big-banks_n_766169.html