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Wednesday, July 11, 2012

The other foreclosure crisis: Losing a home over $400 in back taxes



People are losing their homes over unpaid tax bills that, in some cases, add up to just a few hundred dollars. Outdated state laws that allow local governments to sell tax liens on delinquent properties to investors in order to more quickly collect on overdue property taxes is sparking a second "foreclosure crisis," a report from the National Consumer Law Center said Tuesday.
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CNN Money 

Judy Morris,
Blogger, THL
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