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<blockquote data-quote="inyati13" data-source="post: 1352526" data-attributes="member: 17767"><p>Kentucky used the same concept to collect property taxes. The law was passed about 8 years ago. It allowed private law firms to collect delinquent property taxes. The laws firms would go to the courthouse and buy the delinquent taxes for what was due. The county was happy because they got the taxes paid. Then the law firm went after the property owner with the threat that the property would be sold for the amount due - which the state authorized them to do. You either paid what they wanted or your property was sold at public auction, the amount due the law firm was deducted from the proceeds and the owner got what was left. It worked well for the county. It worked well for the law firm. The property owner took a beating. I heard there was nothing you could do. If your delinquent amount was a thousand dollars, sometimes the amount you were charged was 5,000 to keep from losing your property. I know. I was living in Montana and missed getting a property tax bill. Must have gotten lost. I got a letter demanding payment from a law firm. A bill that would have cost me $750, ended up costing me about $2000 after I negotiated it down from the $5,000 they billed me for.</p></blockquote><p></p>
[QUOTE="inyati13, post: 1352526, member: 17767"] Kentucky used the same concept to collect property taxes. The law was passed about 8 years ago. It allowed private law firms to collect delinquent property taxes. The laws firms would go to the courthouse and buy the delinquent taxes for what was due. The county was happy because they got the taxes paid. Then the law firm went after the property owner with the threat that the property would be sold for the amount due - which the state authorized them to do. You either paid what they wanted or your property was sold at public auction, the amount due the law firm was deducted from the proceeds and the owner got what was left. It worked well for the county. It worked well for the law firm. The property owner took a beating. I heard there was nothing you could do. If your delinquent amount was a thousand dollars, sometimes the amount you were charged was 5,000 to keep from losing your property. I know. I was living in Montana and missed getting a property tax bill. Must have gotten lost. I got a letter demanding payment from a law firm. A bill that would have cost me $750, ended up costing me about $2000 after I negotiated it down from the $5,000 they billed me for. [/QUOTE]
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