3 ms·

"After the bill isn't paid the lien is sold to investors who increase the owed amount by an order of magnitude " What is the time period that that happens thou

by larrys 13y ago

"After the bill isn't paid the lien is sold to investors who increase the owed amount by an order of magnitude " What is the time period that that happens though? Isn't that an important factor in all of this? Plays out over years? How many chances (and over what time period) could the homeowner have been able to rectify for a more reasonable amount of money? Not disagreeing with your main point or that the punishment not fitting the crime (or opportunists) etc.

citricsquid 13y ago
The article states that the investor can foreclose on the house 6 months after purchasing the debt. Skip to "Outsiders come to buy liens" in the article for a full summary of why it's such a problem.
- larrys 13y ago
  Ok just read that. I guess I have a wider problem with this "problem". The fact is there aren't really people out there (other than some community activists) who have a brain and can help people like this to navigate the system without charging the rates that attorney's charge. Which seems to be the answer to anyone's problem. Get an attorney to tell you your rights and write a letter so people take you seriously. This is in a sense one of the reasons that poor and/or uneducated people get shafted so often. They have no way to communicate and people don't take their problems as seriously to boot. Of course even if you created an office of "ombudsmen to the normally shafted" that office might simply drown with those that weren't deserving and simply wanted to take advantage of any thing they could to dodge legal process.
xsmasher 13y ago
So the owner goes delinquent on taxes for a year, then gets multiple notices that a tax sale will take place, then the tax sale takes place, then they have six MORE months to make good on the bill... then a hideous, unforeseen tragedy takes their home away overnight. That's why the examples are all of people who were absent or had medical problems - because there are multiple opportunities to correct the problem.

by larrys 13y ago

citricsquid 13y ago

The article states that the investor can foreclose on the house 6 months after purchasing the debt. Skip to "Outsiders come to buy liens" in the article for a full summary of why it's such a problem.

larrys 13y ago
Ok just read that. I guess I have a wider problem with this "problem". The fact is there aren't really people out there (other than some community activists) who have a brain and can help people like this to navigate the system without charging the rates that attorney's charge. Which seems to be the answer to anyone's problem. Get an attorney to tell you your rights and write a letter so people take you seriously. This is in a sense one of the reasons that poor and/or uneducated people get shafted so often. They have no way to communicate and people don't take their problems as seriously to boot. Of course even if you created an office of "ombudsmen to the normally shafted" that office might simply drown with those that weren't deserving and simply wanted to take advantage of any thing they could to dodge legal process.

xsmasher 13y ago

So the owner goes delinquent on taxes for a year, then gets multiple notices that a tax sale will take place, then the tax sale takes place, then they have six MORE months to make good on the bill... then a hideous, unforeseen tragedy takes their home away overnight. That's why the examples are all of people who were absent or had medical problems - because there are multiple opportunities to correct the problem.