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.
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