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Resource ID: #19680
Subject: Taxes
Source: WWL-TV (New Orleans)
Affiliation: 
Date: Nov. 7

$0.00

Description

"This is a story about homeowners whose houses were sold from underneath them." WWL's investigation reveals that certain corporations buy homes at city tax sales for the amount homeowners owe in back taxes, and then demand large sums for the return of the houses to the inhabitants. Homeowners sometimes lose their houses for as little as $273, without even knowing they owe back taxes. And, Swensen reports, the practice is perfectly legal.

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