To: Lorianne
the lenders dont want them homes! otherwise they would have already seized them!
If the homeowner gets the home back... they get all the overdue tax bills with it!
lol
5 posted on
03/30/2015 12:46:12 PM PDT by
TexasFreeper2009
(Obama lied .. the economy died.)
To: TexasFreeper2009
Underwater properties are a loss to the bank.
With all the costs they have to recoup, its just cheaper to write them off.
6 posted on
03/30/2015 12:50:52 PM PDT by
goldstategop
(In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
To: TexasFreeper2009
AND...the imputed income. Imagine Guido, the IRS collector, wanting his cut of the $520k “windfall”
18 posted on
03/30/2015 1:21:36 PM PDT by
TxAg1981
To: TexasFreeper2009
"If the homeowner gets the home back... they get all the overdue tax bills with it!"
And that is a great part of the key to understanding the situation. People of the banks and other holding companies are steeped in associations (including familial relations) with those who depend on high property taxes to continue their high salaries, big political influence and other benefits.
29 posted on
03/30/2015 3:20:34 PM PDT by
familyop
(We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
To: TexasFreeper2009
Short sales lower property taxes. That’s why the auctions are avoided.
30 posted on
03/30/2015 3:21:28 PM PDT by
familyop
(We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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