The New Tax Man From Ancient Rome

Banks aren't only paying a homeowner's delinquent taxes, they're paying the whole of the taxes on what homeowners make monthly payments on (along with their mortgage payment & homeowners' insurance payment) and then turn around and demand payment in full or the homeowner then faces a tax lien and foreclosure.



Banks, by the way, that foreclose on homes are responsible for the property taxes on those homes, but aren't paying them. They've been working out arrangements with the local jurisdictions to defer payment until the homes are sold, and the new owners then become responsible for the back taxes that the banks haven't paid.
Read the Article at HuffingtonPost