Will foreclosed houses in tax delinquency create a financial crisis for your municipality?

Yes!



Think of all the condo associations all over the country having to cover association expenses without owners helping. Double whammy of increased property taxes and association fees and more will fall into bankruptcy with a vicious downward spiral.



This economy is very worrisome.



Now the taxpayers are being asked to bail out Freddie and Fannie.



Working people are being asked to pay for the greed of those who took the money and ran probably out of the country!Will foreclosed houses in tax delinquency create a financial crisis for your municipality?
Who cares. We are talking about a government here. When the local

people have less money the local government will have less money.

If government really cares about the people they will just do what they

can with what they have and not demand more hardship from the

rest of us. Will foreclosed houses in tax delinquency create a financial crisis for your municipality?
I hope it opens up the property for investors to get possession of. When all the low interest mortgages came in, I kept my old rates and still live comfortably.Bills paid, house secure.The taxes will be paid by investors, and if the owner does not pay off this incentive, then the property becomes the property of those who paid it.So, No.