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NY Attorney General Calls on NYC to Halt and Reform Tax Lien Sales

The city’s yearly tax lien sale, scheduled for Dec. 17, allows private corporations to purchase homeowners’ unpaid property tax and water bill debts for about 75 cents on the dollar. The companies can then set fees and high interest rates as they aggressively seek the full total from homeowners, who could lose their homes if they don’t pay up.

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