Elderly Losing Homes for Owing a Few Hundred Dollars in Back Taxes

In what a new report is calling “a second nationwide foreclosure crisis,” homeowners, particularly the elderly, are losing their homes because they owe as little as a few hundred dollars in back property taxes.  At the same time, big banks and other investors are snatching up these homes for pennies on the dollar and reaping huge profits.

The blame, says the National Consumer Law Center (NCLC) in its groundbreaking report, lies with

Article source: http://www.elderlawanswers.com/Resources/Article.asp?ID=9956


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