County mulls credit cards for homes in foreclosure

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County mulls credit cards for homes in foreclosure

County mulls credit cards for homes in foreclosure

The Daily Star-

Otsego County officials are looking at new ways to help financially-distressed property owners keep the tax foreclosure wolf away from their doors.

The county’s annual tax auction in 2014 left county government mired in three lawsuits filed by property owners who objected to the fact their houses were sold under the gavel to the highest bidder, causing them to lose all equity and leave the county with the profit.

While the latest discussions do not involve extending the payment deadline up to the time of the auction, the plan under consideration would give all taxpayers a new option: paying their tax bills by credit card.

[THE DAILY STAR]

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