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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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Washington ExaminerLean R·2h ago
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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House oversight committee investigates DC profiting from foreclosures

How 1 sources are covering this