The New York Groove: The tax lien sale is back — here's how owners and renters can protect themselves
Low-income renters and homeowners, seniors and communities of color have suffered as a result of tax lien sales, but we're fighting back.
All items tagged 'tax lien'
Harlem World Magazine: Activists And Electeds Cheer End Of The Rudy Giuliani Created NYC Tax Lien Sale
“The old system enabled debt collectors and hedge funds to make millions at the expense of New York families and neighborhoods,” said Paula Segal, Senior Staff Attorney at TakeRoot Justice.
New York Focus: Tenants Suffer As City Sells Landlords’ Tax Debt to Speculators
Although New York’s tax lien sale is intended to incentivize property owners to pay, it can pressure owners to sell to speculators or cut corners with maintenance, without oversight from the city and at the expense of tenants.
Campaigning to Replace the Predatory Lien Sale
In January 2021, in response to advocacy the Abolish the NYC Tax Lien Sale Coalition, the NYC City Council passed legislation charting the course for ending New York City’s tax lien sale (Local Law 24 of 2021).
The City: Council Considers Killing the Tax-Collection Machine Rudy Giuliani Built
If the owner still could not pay back the lien, Segal said, they could “decide that they want to transfer the value of their land to the community land trust as a way of resolving the debt.”