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Arizona Owners Can Lose Homes Over as Little as $50 in Back Taxes


Business  (tags: greed, injustice, real estate, investments, economics )

Freya
- 431 days ago - azcentral.com
Homeowners who fall behind on tax bills by as little as $50 can have their debt bought by other investors or banks. With what's known as a "tax lien" on the property, those investors then have the right to collect not just the debt, but interest too.



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Comments

Kathleen M (211)
Tuesday June 13, 2017, 7:14 pm
Grimly noted. Thx for sharing Freya. Cruel, greedy goatf****ers! Am beginning to wonder...perhaps we should think about a total ban on Big Banks!
 

Past Member (0)
Tuesday June 13, 2017, 9:17 pm
Man it both sucks to not only live in Arizona but to owe any back taxes. that's really lame. It must be changed--it's cruel+downright wrong. Not 4 a mere 50 bucks. thx Freya
 

Darren Woolsey (218)
Tuesday June 13, 2017, 11:32 pm
Callous and savage.
Shared over social media to raise and spread awareness.
 

JL A (281)
Wednesday June 14, 2017, 8:54 am
Screams of inequality being public policy. Thanks Freya--and so many seniors are retiring there to become vulnerable to this.
 

Barb SiteIssues V (202)
Wednesday June 14, 2017, 1:27 pm
Noted, Thank you
 

Sheryl G (360)
Wednesday June 14, 2017, 2:08 pm
It is precisely because so many Seniors are retiring there JL A that it is being done. We are all sitting ducks for one of the Greedy Heartless Ones grabs for the last penny we might have. I recall someone almost lost their home one time, an Elderly woman, for 11 cents. Thankfully the person who was suppose to take it to the next step PAID that 11 cents and corrected the problem this woman was having. Dear soul didn't even know she was about to lose her home.
 

Dawnie W (250)
Wednesday June 14, 2017, 10:35 pm
๐Ÿ’™๐Ÿ’œNoted... ๐Ÿ’™๐Ÿ’œThank you...Freya.๐Ÿ’™๐Ÿ’œ

๐Ÿ˜‰๐Ÿ’œแƒฆ ๐Ÿ’™ฦธฬตฬกำœฬตฬจฬ„ฦท๐Ÿ˜บ๐Ÿ’œL๐Ÿ’™ve, Hugs and Peace go with you all๐Ÿ’œ๐Ÿ˜บฦธฬตฬกำœฬตฬจฬ„ฦท๐Ÿ’›แƒฆ๐Ÿ’™๐Ÿ˜‰
 

Danuta W (1251)
Saturday July 8, 2017, 5:53 am
noted
 
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