Editor’s note: This can’t happen soon enough!
HARRISBURG – Affordable housing advocates are urging a reform of Pennsylvania’s property tax sale laws to help fight blight in both large cities and small towns.
They want to overhaul a system that allows speculators to obtain a lien on property at tax sales by paying delinquent taxes and yet not go the next step and obtain clear title.
Other legislation being sought would give long-standing residents the opportunity to take ownership of homes in cases where the recorded owner has abandoned them and put more restrictions on who can bid at property tax sales.
Rewriting archaic tax sale laws that date to the 1920s and 1940s is seen as a way to help fiscally distressed cities rebuild their tax bases and help get newly authorized land banks off the ground.
Read more: http://thetimes-tribune.com/news/rewrite-of-property-tax-sale-laws-is-tool-in-blight-fight-1.1414337
This is HUGE Roy…thanks for the post.
You are welcome! I thought of Mosaic as soon as I saw the headline!