The giant Bank of America, for instance, has bid in Florida tax lien sales using colorful names such as Bennu, LLC, named after a mythical bird said to be the soul of the ancient Egyptian sun god.

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Real Estate Agent with JustListedKnoxville.com / Signature Homes

The giant Bank of America, for instance, has bid in Florida tax lien sales using colorful names such as Bennu, LLC, named after a mythical bird said to be the soul of the ancient Egyptian sun god.

http://www.huffingtonpost.com/2010/10/18/the-new-tax-man-big-banks_n_766169.html?igoogle=1

 

Over the last year, Bank of America, which received $45 billion in these taxpayer funds in 2008 and 2009, has bought liens on properties in scores of municipalities in at least a dozen states. Bank of America repaid the government in 2009.

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Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Why is everyone so surprised that the big banks are taking the same advantage as the big investors in the real estate fiasco? The answer is return on investment. The ridiculous amount of legal fees that appear are the result of greed. These fees as well as foreclosure fees are excessive and taking advantage of those in financial difficulty.

Oct 18, 2010 03:21 AM #1
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Steve Albin

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