Tax Liens Trigger Foreclosures

by ritasimpson on July 14, 2012

in Latest News

Although lately Tax Liens have been Triggering more foreclosures than Mortgage payment defaults, some States are taking steps to protect homeowners after 81-year-old Madeline Walker, who was evicted after falling behind on paying a 2001 sewer bill totaling $150 lost her home to Investors, who bought her house at a tax sale for $836 and eventually resold it for $125,000. The event drew media attention and inspired former governor Donald Carcieri to advance a bill to protect Rhode Island residents from similar tax-sale foreclosures.

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