Originally Posted by
LHardy
Done deal back in 2003. So this is just political BS from a crooked government.
From Xspand Website:
Challenge. Erie County, New York accumulated a delinquent tax lien pool of over $25 million. The county wanted to convert these liens to revenue to replenish its reserve fund and put these properties back on the active tax rolls through a focused redemption processing effort. With leading capabilities in the purchasing, financing, and servicing of tax liens, XSPAND was well qualified to tailor creative and innovative solutions for Erie County.
Solution. On November 6, 2003, XSPAND entered into a combined purchase and servicing transaction with Erie County. The county received the revenue it required to meet its financial objectives. As part of the transaction, XSPAND will assume the management of Erie County’s delinquent tax lien portfolio that includes all interaction with taxpayers, collection activities, foreclosure management and bankruptcy processing. XSPAND’s collection team works with property owners to discuss all available payment options. These include full payment and installment plans, as well as a variety of financing tools available through local banks and mortgage companies.