Tax liens and the curious case of Fillmore Brown
The mayor is trying to reform the tax lien sale. Sound familiar? I’m not sure what’s worse — that the city implemented such a flawed debt-collection process or that it has failed for decades to fix it. How hard can this be? “It’s a very difficult balancing act,” tax lien sale expert Jennifer Polovetsky told The Real Deal last month. OK, maybe it is hard. But still. This has taken forever. The issue dates back to 1996, when Mayor Rudy Giuliani had the city begin selling property liens to investors because it was lousy at collecting debt and managing buildings […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Inside the Search: Choosing the Right Deal in Chicago With
Taka Buranda
It’s a Family Affair: Multigenerational Living Rental Can
Help Landlords Boost Income While Offering Tenants
Affordability
PolicyPro: J-51 reboot flops for rent-regulated landlords,
boosts co-ops and condos
Hotel union deal puts cleaners on track for $100K
salaries
Mamdani targets Brooklyn corridors for major housing
push 
Saunders partners with Premier Estate Properties to link
ultralux markets
RealPage rent-fixing settlements pass $200M (and
counting)
Record High Mortgage Debt Sounds Scary. Here’s What the
Headlines Leave Out.
Richard Born dumps Chambers Hotel for $66M
NYC’s top deals: Benchmark scoops up $42M apartment complex
on UWS
