https://4closurefraud.org/2021/09/17/zombie-properties-1332706-residential-properties-in-the-us-are-sitting-vacant/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Sat, 18 Sep 2021 01:03:06 +0000 hourly 1 https://wordpress.org/?v=7.0.2 https://4closurefraud.org/2021/09/17/zombie-properties-1332706-residential-properties-in-the-us-are-sitting-vacant/#comment-734076 Sat, 18 Sep 2021 01:03:06 +0000 https://4closurefraud.org/?p=67457#comment-734076 Not just the foreclosure mess results in a zombie property. A sit down with my local tax collector a few years ago revealed that approx 10% of the properties in my small district are “zombiefied” due to unpaid property taxes, thanks to the last housing debacle, shoddy paperwork trail, titles being assigned to MERS or some other nebulous third party holding entity, and the little local government does not have the staff or resources to go digging disappeared property titles out of the foggy mist in order to file tax lien judgements, get the properties sold at tax sale, and back on the market! I think that the actual number of zombie properties…for ALL reasons…..is way, way, WAY higher!

]]> https://4closurefraud.org/2021/09/17/zombie-properties-1332706-residential-properties-in-the-us-are-sitting-vacant/#comment-734075 Fri, 17 Sep 2021 22:26:10 +0000 https://4closurefraud.org/?p=67457#comment-734075 One of the popular tax-reducing plans involves buying rentals and having them sit vacant. It is a huge write off. Just imagine, having so much money that you have to squat on rentals just to reduce your tax bill. The thing it….this is just a game to the people that do it. They could easily pay their full share of taxes and still have more money than they know what to do with. But hey…who are they to pass up an opportunity to stick it to their ‘lessers’.

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