Pangur Bán
Deconstructed
http://rt.com/usa/155540-house-sale-paltry-debt/
An interesting example of how debt and convoluted rules accessible only to the elite allow predation on the wealth of the weak.
A county court in Pennsylvania ruled against a widow who lost her house over a $6.30 late fee. The property was sold for $116,000 to cover the debt, in what the woman argued was an improper move by the authorities.
The home of Eileen F. Battisti, 53, was sold at a September 2011 tax sale to cover the paltry debt, which arose from an interest rate charge on Battisti’s 2009 tax bill. Beaver County auctioned off the house, with an estimated value of $280,000, selling it for $116,000 to SP Lewis.
"I paid everything, and didn't know about the $6.30," she told AP. "For the house to be sold just because of $6.30 is crazy".
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An interesting example of how debt and convoluted rules accessible only to the elite allow predation on the wealth of the weak.