Fall behind on property taxes and you could lose your house to Hedge Fund Managers!

Fortune Magazine recently ran an article describing how hedge fund managers are profiting from tax liens. OneĀ investor in foreclosed homes called the buying frenzy by hedge funds “reminiscent of junk bonds.”

Recently hedge fund executives descended on Miami last month for a conference on unpaid property taxes were treated to waterfront cruises of estates owned by Madonna, Shaquille O’Neal, and Elizabeth Taylor. The houses the profit-chasing investors were hunting? Houses with tax liens.

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