Thread: The New Tax Man
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Old 10-21-2010, 07:30   #8
longrange1947
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Join Date: Jan 2004
Location: Fayetteville NC
Posts: 3,533
Number one it is Huffington crap, that site will make anything not socialist look like the fourth coming of the anit-christ.

Number two, as stated by Para, the house does not automatically forfeit. You are warned, and then a Lien is placed on the title. That lien makes it difficult to sell. That is why there are those expensive lawyers looking into the title searches.

This has been going on since the beginning of taxes in the way distant past.

As far as new fees, the law of unintended consequences is rearing its ugly head over recent legislation to "protect" the consumer. Just as the fees for insurance will balloon due to the requirement to insure. Insurance compines had a very narrow profit margin, 2% I believe, as it was. Now they have to insure people that are going to eat that profit margin; so the money must be made up somewhere. Yep, your insurance bill. This is the same with the banks. The libs creat the mess then vilify the result but lay blame else where.
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