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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: anachronist who wrote (68758)8/24/2006 12:37:27 PM
From: shades  Read Replies (1) of 110194
 
But I also hear a lot of news stories about old folks losing their homes to tax liens and such.

Many yankees bought these liens on old people down here in Fl, when they went to get things enforced - they found it was very hard for the judge/police man to throw grandma out on the street and getting anything done was slow like molasses.

Now maybe you have loantech's ethics and feel you could easily walk into a ww2 vets house and throw him to the curb cause he didn't pay his taxes - but I bet a lot of the yankees expecting the policeman to do this for them can't do it themselves so it doesn't get done. There are many liens on properties all over around me - I have found over the years the wise investors at the auctions look for the ww2 vet and grandma ones to avoid them - too difficult to enforce.

Every once in awhile when they were gonna throw ww2 vet on the street - local media come in and get all kinds of negative publicity against city gubbment - you know how it goes - hehe.
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