09/22/2025
In 2020, Gloria Gaynor forewent her yearly trip to the tax office during COVID-19. She returned in 2021 to pay her property taxes, her attorney said, under the impression that the pause in enforcement meant the government would apply her money toward the previous year. Instead, it went to 2021, and her debt from 2020 remained intact.
Her $3,500 bill ultimately reached $14,419 with penalties, interest, and fees. The government sold that debt to a real estate firm, which then acquired the deed to the home.
Yet Gaynor—who had nearly paid off the mortgage—will not see a dime in equity, despite the fact that she owed the government $232,000 less than what the home is ultimately worth.
The equity on the home is now in the hands of a private company, as opposed to the elderly woman who spent the last 25 or so years paying off the mortgage.
Gaynor is not even close to being alone here: https://reason.pub/46wsqcn