Weekly Round Up – September 13, 2013

Debt

Debt

 Before we get to the good reads!

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 A Few Good Reads

Here are a few of my favorite reads from the past week.

 1. DC residents losing property in ‘predatory’ debt-collection program – report:

Washington DC officials have set up a controversial program that allows out-of-state investors to initiate foreclosures against homeowners who have fallen behind on their taxes, in some cases for just hundreds of dollars. The District of Columbia for many years placed liens – a means of debt security – on properties when homeowners failed to pay their taxes. Those liens were then sold at public auctions to investors who were able to make a profit by charging the homeowners interest on top of the tax debt until the total bill was repaid. Open this article [Read more…]