Bailed-out banks buying tax liens
After I learned the banks that had been bailed out by taxpayers had become the main purchasers of tax liens in Arizona, I knew I was onto a potentially big story.
I began interviewing several tax lien buyers and found that this was a common practice not only in Tucson and throughout Arizona, but all over the country. My goal was to use what was happening here as a window into the larger story.
From the beginning, I thought the key to the story was the fact that the bailed-out banks were using money to buy up tax liens rather ...
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