Following the money trail in the Property Tax Lien Scam

A lot of opportunistic out of commission/out of favor real estate attorneys are now catching up on property Tax lien investors. They simply buy a $100 so that they can charge $5000 in attorney fees.

This is one of the least known scams in this business. But people started to fight against it. I highly suspect a large portion of the attorney fees goes back to the original investor, like Tax Ease liens.

There is no way Tax Ease will only make 5% of what their attorneys make. But this would be relatively easy to find out. Just follow the money trail and figure out how taxes are being paid on these unethical revenues.

Follow the money trail and you would understand why the attorney fees are considered "unreasonable".

Now there is a class-action lawsuit against Tax Ease Liens

Now there is a class action lawsuit against TAX EASE LIENS because of their crazy, unfair attorney fees. These fees were sometimes as high as 50 times more that the limits enforced by the Kentucky Statues. I hope "Tax Ease Liens and it's attorneys" exit this business and pay back all the damage and grief they caused to Kentuckians.

I have a hard time believing that non of those attorney fees went back to the original investor. I guess IRS needs to correlate the tax returns filed by attorneys and scandalous fees they charge.

Here is the contact information of the lawyer and law firm which can defend your right against Tax Ease Liens. Please contact me to get more information about this lawsuit.

John H. Dwyer, Jr.

ZIELKE LAW FIRM, PLLC

1250 Meidinger Tower

462 S. 4th Ave.

Louisville, Kentucky 40202

Email: JDwyer@zielkefirm.com

Phone: (502) 589-4600

Direct: (502) 214-3140

www.zielkefirm.com

 Please Jump to see more about this class action lawsuit

Polically connected bought Property Tax liens unethically

When politically connected buys your in Madison County Illinois at an advantage. These guys make huge gains when they add attorney fees.

Now there is a big class action going on which claims countless homeowners were cheated in the process.

"Former county Treasurer Fred Bathon admitted in court that tax sales from 2005-08 were fixed to benefit politically connected insiders in the business of lending money to landowners in arrears. Sales records and Illinois campaign contribution data show that a small group of contributors to the re-election fund for Bathon, a Democrat, bought the bulk of the liens"


This reminds me what happened in Kentucky. Former State treasurer, Brad Cowgill actually started his own company Kentucky Tax Lien fund to ripp Kentuckians. I hate to see this conflict of interest issues aimed to rob property owners.

Anybody who gets a bill from Kentucky Tax Lien and Brad Cowgill should contact us.

Brad Cowgill,

 Former  State Treasurer of Kentucky, new property tax lien investor

Pig Iron Press falls victim to greedy Property Tax lien Investors

In Youngstown Ohio, A small business owner falls victim to the American Tax Funding LLC. Which bought the delinquent property taxes on his business property for $4000 and now trying to collect four times that.

Jim Villani, owner of Pig Iron Press, already paid $9000 and still facing foreclosure.

Yes city governments, this is what happens when you go to bed with greedy companies like American Tax Funding. They destroy local communities.

If they only collect the tax and interest I will understand.

But buying a $4000 lien to collect $10000+ in attorney fees is just a big scam. I would love to expose the law firms working with ATF. If you have a delinquent property tax lien owned by American Tax Funding please contact us.

Here is the sad  news about Jim Villani

30000$ property Tax lien in Rochester, NY

American Tax Funding bought this old lady's 30000$ worth of delinquent property tax liens. Community came to her rescue to pay the lien. One questions remains, how much attorney fees were loaded to the lien in the first place.

This poor lady might not paying just her taxes and interest a little bit more.

Here is the news link..


We will here more and more tragedies like this as long as cities like Rochester continues to sell delinquent property taxes to American Tax Funding.

If you have a property tax lien owned by American Tax Funding, we might be able to help you. Please contact me..

American Tax Fundings wanted to sue City of Syracuse

American tax funding invested a lot of money in New York, most of the time cutting the deal directly with the city. In most cases, city governments tempted to sell all of the defaulted tax liens directly and exclusively to American Tax Funding without a competitive process. 

Well cities are now in conflict with the ATF because every year, there is a new tax lien comes up and ATF may not be able to willing to continue to buy these liens. Now there will be two competing set of liens, ones owned by ATF and ones owned by the city on the same property.

So if city demolishes the building, ATF loses their investment. If one of these parties foreclose first, the other party will lose money.

Greedy and unsophisticated city councils made a stupid mistake by selling their souls to ATF. Situation gets very tricky when ATF already has a payment plan with the homeowner, who can not pay the new tax lien owned by the city.

I would love to see how much ATF is charging in attorney fees. If you are a homeowner and your lien is puchased by ATF, please contact us. We would like to know your story and may be help you.

Here is a story of an investor in Syracuse, which might be interesting.

Hedge Funds are after your tax liens in Denver Colorado

Hedge fund executives who start their own gigs also try to replicate successful business practices they learned in their previous employer. Janus is one of those hedge funds which pionerred investing in property tax liens.

Denver-based Arrowpoint Asset Management, a $1.7 billion hedge fund owned by David Corkins and two other former fund managers who worked with him at Janus.

In the past two years, its AP PTL bought up 886 Denver Colorado property tax liens — nearly a quarter of all those for sale, records show. If you have any lines from these guys in Colorado, please share with us. We are looking people who received a tax bill from "AP PTL" in Denver Colorado.

Here is an article about this in Denver Post.