Homes for the Taking: Liens, Loss and Profiteers.

Number 26251
Subject Taxes
Source The Washington Post
State Washington, D.C.
Year 2013
Publication Date September – December 2013
Summary In the nation’s capital, predatory investors took hundreds of homes from the elderly and poor over tax debts as small as $44 in a devastating series of foreclosures unchecked by city leaders. In 2013, The Washington Post launched an unprecedented investigation of the District of Columbia’s century-old tax-lien program, finding investors who routinely tacked on thousands in fees to tax bills, turning $500 delinquencies into $5,000 debts and making it impossible for families to save their homes. A 95-year-old church choir leader lost her house while she was in a nursing home with Alzheimer’s. So did a flower shop owner in a coma. “Homes for the Taking” outraged the District like few other scandals in years, with city leaders immediately approving reforms to protect the city’s most vulnerable homeowners.
Category Contest Entry
Pages
Keywords tex liens; foreclosure; local tax laws; predatory systems
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