Elderly Americans Losing Homes Over Unpaid Taxes - WMDT 47 News - Delmarva's Choice

Elderly Americans Losing Homes Over Unpaid Taxes

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By Emily Lampa - email

WMDT 47 NEWS - More and more people are losing their homes simply because they owe a few hundred dollars in back taxes. That's according to a new report by The National Consumer Law Center.

The group says outdated state laws allow big banks and other investors to then sell the homes, often for a big profit. In some cases, homeowners have lost their houses over as little as 400 dollars. And the report shows this is happening a lot to seniors.

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