House oversight committee investigates DC profiting from foreclosures
The House Oversight and Government Reform Committee is investigating Washington, D.C., officials over their method of foreclosing on properties whose homeowners have failed to pay their property taxes. The committee is investigating the city’s practice of selling tax liens to third-party investors, who can charge up to 18% annual interest on the property tax debt […]
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The House Oversight and Government Reform Committee is investigating Washington, D.C., officials over their method of foreclosing on properties whose homeowners have failed to pay their property taxes. The committee is investigating the city’s practice of selling tax liens to third-party investors, who can charge up to 18% annual interest on the property tax debt and file a foreclosure complaint on the home after just six months. Recommended Stories House Democrats head to New Jersey for forum on Delaney Hall detention facility Golden ticket: Trump’s allies in Congress get coveted seats at White House cage fight How the once-rare ‘discharge petition’ is frustrating House GOP leadership If the property gets foreclosed and ultimately resold, the D.C.
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