Big Banks Snatching Up Homes With Delinquent Taxes

Good grief, how much more of this corruption are people going to take?

Nearly a dozen major banks and hedge funds, anticipating quick profits from homeowners who fall behind on property taxes, are quietly plowing hundreds of millions of dollars into businesses that collect the debts, tack on escalating fees and threaten to foreclose on the homes of those who fail to pay.

In June, Bank of America snatched up liens on properties in Florida owned by low-income residents and nonprofit public interest groups, including a Salvation Army shelter, a preschool and a wildlife rescue group involved in the Gulf of Mexico oil spill cleanup, the Investigative Fund found in its examination. Bank of America also bought liens on properties of the wealthy, including a professional basketball star with the Los Angeles Lakers, Lamar Odom.

Big Banks Sucking Down Homeowners

Of course, property taxes have absolutely NOTHING to do with banks — but read the article and watch the video and you’ll see how corrupt and bloodthirsty the banks have become.


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