Bailed-Out Banksters Nix Giving Homeowners Foreclosure Assistance; Prefer Directing Sneaky Efforts, Loot To More Profitable Tax Lien Investing Instead
Written by Administrator on August 9th, 2011In Pima County, Arizona, the Arizona Daily Star reports:Banks that took bailout money were supposed to use part of the taxpayer-provided cash infusion to help customers avoid foreclosure, but instead, many of them are buying up struggling homeowners’ tax debt.
The tax liens earn banks up to 16 percent interest, and if homeowners don’t repay their debt within three years the banks can foreclose
The Home Equity Theft Reporter
Tags: Assistance, BailedOut, Banksters, Directing, efforts, Foreclosure, Giving, Homeowners, Instead, Investing, lien, Loot, More, Prefer, Profitable, Sneaky
