I guess this isn’t that rare. Take a look what a $3,000 unpaid water bill can do if you DO NOT HAVE ANY MORTGAGE.
One raw day in early February, Vicki Valentine stood by helplessly as real estate investors snatched her West Baltimore home over what began with an unpaid city water bill of $362. Valentine lost the property after the city sold her debt to investors through a contentious and byzantine legal process called a tax sale. This little-known type of foreclosure can enrich investors as growing numbers of property owners struggle to pay their bills.
Individual does not want to disclose their name. I have authenticated this to be true.
I have spoke to others and this has happened to them …but without ANY violations.
Could this be the way that the MBA might get around to allow banks to foreclose on “Non-Homestead” properties?? Just CURIOUS?
“DISTURBING BEHAVIOR”
1. Non-Creditor places a Lis Pendens
2. County/City revokes your HOMESTEAD
3. County/City issues code violations
4. County/City places a lien on the subject property
5. County files a Foreclosure Notice for unpaid Code Violations (ie: not getting a $2-3K sewer connected that turns into $67K FASTand growing …while in Lis Pendens)
6. County sends you a letter letting you know that they CANNOT foreclose on a homestead residence.
GUESS WHAT? They revoked it! So now they can foreclose and get in first place of the bank(s) foreclosing… Kick you to the CURB!
Bank now pays the “County/ City” off. It can be any violation…Did you clean your pool? mow the lawn? ANYTHING!
“DISTURBING BEHAVIOR”
But why you ask…
It’s the only property you own!
It’s the only “Primary” residence you have!
It’s the only mortgage in the Country….So why is this not your Homestead property?
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