Foreclosure Free-For-All In The District

Foreclosure Free-For-All In The District

For several decades now, the D.C. government has sold the debts of homeowners behind on tax bills to private investors, who can then charge sky-high interest rates and fees and pursue forecloses on the properties.

For several decades now, the D.C. government has sold the debts of homeowners behind on tax bills to private investors, who can then charge sky-high interest rates and fees and even foreclose on the properties. A Washington Post investigation revealed that hundreds of homes have been lost to foreclosure, including dozens with owner tax debts of less than $500. Legislation to address some of these issues was introduced last year, but is still pending. We explore the issues at play.

Guests

Marian Siegel

Executive Director, Housing Counseling Services

Joanne Savage

Attorney, Legal Counsel for the Elderly

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The Kojo Nnamdi Show is produced by member-supported WAMU 88.5 in Washington DC.