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: The Home Equity Theft Reporter

Securitizations Hit Tax Lien Industry

By r morris

The Center for Public Integrity reports:When Florida retiree Gladys Walker fell behind in paying taxes on her modest Pompano Beach home, she had no idea one of America?s biggest banks and a major Wall Street hedge fund engaged in frenzied bidding for the right to collect her debt?all $768.25 of it. ?I just couldn?t come up with the money,? said Walker, 67, a former hotel worker who makes do on a

Full post as published by The Home Equity Theft Reporter on March 08, 2011 (boomark / email).