Although mortgage default is behind most home foreclosures in the U.S., the number of foreclosures tied to delinquent tax payments is climbing. The National Consumer Law Center estimates that $15 billion of tax-lien foreclosures happened in 2010, the latest year for which data are available.
Tax Liens Trigger More Foreclosures
Previous post: More Homes Facing Foreclosure Risks
Next post: Housing Shortage Slows Sales