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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhat ACORN Did
Buying liens is a really awful practice, particularly when it is coupled with an intent to pile legal costs on the homeowner to the point that they just have to hand over their house to you rather than just the tax money they owed to the government.
How does that work?
In some municipalities, you can buy ownership of unpaid debt (property taxes) and then receive whatever interest accrues. However, if the homeowner doesn't pay the debt off in a timely manner, you can start charging them for any legal fees you rack up trying to get the debt repaid. And, then, when the homeowner has too much debt to ever pay you back, you can foreclose on their home. People have lost their homes this way when they initially owed less than two hundred dollars.
You'd be amazed what is legal in this country. ACORN fought on this battlefield. But they got smooshed like a bug.
http://www.boomantribune.com/story/2013/9/8/173155/0560
nashville_brook
(20,958 posts)DirkGently
(12,151 posts)bvar22
(39,909 posts)And the White House and Democratic Party Leadership could not Run Away from Acorn Fast Enough because a little weasel like Brietbart posted a propaganda video to YouTube.
ACORN was worth fighting for.
ACORN quickly thrown under the bus,
but the Wagons Circled and Dry Powder expended to protect a liar like Clapper.
Message Received?
G_j
(40,367 posts)avaistheone1
(14,626 posts)Martin Eden
(12,874 posts)Our community organizer president should have had the courage to stand up for an organization that epitomized that kind of community help!
annabanana
(52,791 posts)Peacetrain
(22,878 posts)Eric J in MN
(35,619 posts)"Not only did he lose his $197,000 house, but he also was stripped of the equity because tax lien purchasers are entitled to everything, trumping even mortgage companies."
http://www.washingtonpost.com/sf/investigative/2013/09/08/left-with-nothing/
reusrename
(1,716 posts)Crime is the only thing that pays well now.
rhett o rick
(55,981 posts)abandon ACORN. Maybe I should guess.
ACORN represents everything bad to the DLC, New Democrats, Third Way, or whatever the fuck they like to call themselves.
Uncle Joe
(58,389 posts)Thanks for the thread, phantom power.
suffragette
(12,232 posts)Staff from ACORN from using their expertise to organize to assist the poor again.
This has been purposeful and reprehensible from the beginning and continues to be so.
libodem
(19,288 posts)Oh, those goofy job creators. You can't fault them for making a buck in this economy.....
gopiscrap
(23,762 posts)like I said before, we won't truly look for a real solution for the common person untit we either have a serious revolution or a major depression and EVERYBODY loses everything!