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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Edscharp who wrote (78794)7/8/2002 5:11:12 PM
From: mmmary  Read Replies (1) of 122087
 
Actually, Ed: forfeiture laws

I don't believe they can seize community property assets, such as the house, joint accounts and maybe a car or two. I also don't believe they can seize all retirement or children's funds either due to community property and family law. Of course it takes about a year to fight a forfeiture case. By then the assets would be gone due to forclosure, repossession, backtaxes, fines, interest, late fees, liens... It's almost a no win situation. Again ,I believe the gov has an unfair advantage.
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