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Message
re: USSC rules that government cannot make a profit from seized property.
Posted on 5/26/23 at 12:04 pm to HubbaBubba
Posted on 5/26/23 at 12:04 pm to HubbaBubba
quote:
Tyler’s home in Hennepin County, which includes the city of Minneapolis, was seized because she owed $15,000 in taxes and fees. But the county sold the home for $40,000 and kept all the proceeds.
So many problems with this.
Is she now going to get the profit they made?
Why was she in so much debt? Are we so degraded as a society that a local community can't acquire 15k for a woman in her mid 90s?
Why can't a local govt do a reverse mortgage type of deal - she signs over the house, they waive her debts, she gets to stay in the house, when she passes, the house belongs to the govt, they sell it, taxes paid off plus some profit - is that not possible?
1
Posted on 5/26/23 at 1:16 pm to POTUS2024
quote:Why would they need to when private industry has already resolved that issue?
Why can't a local govt do a reverse mortgage type of deal - she signs over the house, they waive her debts, she gets to stay in the house, when she passes, the house belongs to the govt, they sell it, taxes paid off plus some profit - is that not possible?
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