ATFS gets all the propert tax liens in Youngstown, OHIO

           Another Company to watch in the incoming days. American Tax Funding is listed as one of the major Property tax purchaser funded with lines of credit with many major banks. We are still in the process of collecting data and collection practices by this company. According to ATFS's website, Mahoning County technically sold virtually their

          entire portfolio of over $40 million in delinquent tax liens to
 ATF, who became servicer for the entire pool of liens. As part of our partnership agreement with Mahoning County, ATF has an arrangement that the County can direct ATF to transfer ownership of tax certificates on vacant and low value/abandoned parcels to rehabilitation investors, property owners and other municipal redevelopment authorities at a nominal cost to the investor / re-development agent (generally the cost of foreclosure). 
            This is a very unusual practice from a county. Monopoly of American Tax Funding over property tax liens is questionable. We are investigating if any abuses of any residents being forced to foreclosure by charging astronomical attorney which might be out of proportion to the face value of the lien.