Report: Some lose homes over as little as $400 - Yahoo! Finance
The elderly and other vulnerable homeowners are losing their homes
because they owe as little as a few hundred dollars in back taxes,
according to a report from a consumer group.
Outdated state laws allow big banks and other
investors to reap windfall profits by buying the houses for a pittance
and reselling them, the National Consumer Law Center said in a report
being released Tuesday.
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