4 ms·
> She chose to let a +200K equity get repossessed and taken instead of paying her taxes. So you're saying that she had the financial capacity to pay the taxes,
by EdwardDiego 5y ago
> She chose to let a +200K equity get repossessed and taken instead of paying her taxes.
So you're saying that she had the financial capacity to pay the taxes, but chose not to? Am I understanding you right? Because I'm fairly certain that the article stated otherwise.
- fargle 5y agoYES! As the article made plain, she had a LOT of equity in her house. Now equity isn't as good as cash, but there's at least 10 ways to convert it to cash so you can pay your taxes. In her case, I'd think a reverse mortgage would be the best bet, but maybe a secured loan, etc., etc. She needed financial and legal advice - in a case like this get a lawyer.