In my 37 years of public service as Tax Collector of St. Johns County, Florida, which includes America’s oldest city of St. Augustine, I have only had one tax foreclosure on an owner occupied property. - Dennis Hollingsworth
Jupiter, Florida (PRWEB) October 29, 2015
'The Uneventful Foreclosure Crisis' article presents market research findings that prove the projected 'Next Foreclosure Crisis', by the National Consumer Law Center was entirely over exaggerated and lacking factual data.
Here is an excerpt from the article:
Yet the data shows a significant downward trend in both tax liens and homestead tax foreclosures, with only 259 owner-occupied homes (notated with “Hx”) foreclosed in 2013, the year following the NCLC’s report. That number dropped to 58 the following year – a 78% decline. As compared to the mortgage foreclosures covering more than 110,000 properties each of those years with only a 2.8% decline between them. Likely, there was an increase in property tax foreclosures due to the great recession, but it was a far cry from a crisis itself. To the contrary, the data shows that private funding of the tax delinquencies gave the property owners (and lenders) time to get caught up without losing their homes. Tax liens have mandatory wait periods before foreclosures can begin, which provides significant time for property owners to reorganize their finances or sell the property themselves.
To view the full article, please visit: http://www.ntla.org/news/The-Uneventful-Foreclosure-Crisis
The National Tax Lien Association (NTLA) was founded in 1997 as a nonprofit professional trade organization for the tax lien industry. It is dedicated to representing the interest of investors lenders, service providers, and government officials in regards to tax lien sales, as well as promoting the benefit of those sales as reliable income for municipal, county, and some state budgets. The NTLA also provides networking and training opportunities for those in the tax lien industry.
NTLA is where tax lien professionals find a dynamic community, notable experiences, and essential tools for the work they do every day. The goal of the NTLA is to help both sectors reach the highest levels of performance by connecting great ideas and great people. NTLA helps make the tax lien industry better, smarter, and safeguarded.