“The Mayor found out about [the Office of the Chief Financial Officer's] policy on tax-lien sales by reading about it in the Post article yesterday, and he was shocked and outraged by the revelations," Gray spokesman Pedro Ribeiro just said in an email statement. "He is calling for an immediate moratorium on OCFO’s sales of liens and foreclosures, and will transmit emergency legislation addressing the situation to the Council for them to consider when they come back from recess. The legislation will put in place needed protections for homeowners – and particularly seniors, who appear to have been the group most frequently affected by this practice.”
A second Post story found that six firms have dominated the tax lien purchases. Unusual bidding patterns imply that these firms may have colluded to split the properties and their profits.
Monday, September 09, 2013
I'm no saint, but I don't get how people can sleep at night.
by Atrios at 10:56