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Posts tagged "property taxes"

Massachusetts real estate: tax liens leading to more foreclosures

According to a new report by the National Consumer Law Center, the number of Massachusetts homeowners facing foreclosure because of tax liens is increasing. Foreclosures are usually the result of defaulting on a mortgage however the NCLC report estimates $15 billion in foreclosures in the country in 2010 were the result of tax liens. Contributing to the issue of the increasing number of tax liens are the weak economy and local governments looking to solve their budget problems by raising property taxes.

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