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Posted by popeye
on August 22, 2009, 5:33 am, in reply to "Re: over 2000 homes in Sch. Co. up for delinquent P.T."
Message modified by user popeye August 22, 2009, 5:35 am
Yo Dumdum Pay your bills !!!
--Previous Message--
:
: Pennsylvanians should be embarrassed that
: our state likely has the largest Home Equity
: Theft industry in the nation.
:
: EXAMPLE: Let’s say a home is worth $50,000
: and the homeowner owes $5,000 taxes,
: penalties and interest. Often homes in the
: lower price ranges sell at the sheriff sales
: for taxes\penalties\and interest owed.
: If our example home did sell for taxes
: penalty and interest owed, the new buyer
: would have paid just $5,000 for the $50,000
: home. What happened to the other $45,000 in
: equity the homeowner had in the home? It
: was stolen from them by the County and given
: to the person or company buying the home at
: the sheriff sale.
:
: If I robbed you at gunpoint and was
: arrested…and in addition to jail time, I was
: fined—let’s say--$5,000. Could the judge
: then ask me to also turn over any 401k
: investments, or savings bonds or other
: legally attained assets BEYOND the $5,000
: (my debt to society)? Why not? The counties
: do it at sheriff sales when they steal
: people’s homes AND most or all of their
: equity.
: 117
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