| Re: over 2000 homes in Sch. Co. up for delinquent P.T.
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. :
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