A large crowd packed the Senate Committee on Business and Commerce’s hearing Tuesday for a bill related to the transfer of ad valorem tax liens.State Sen. John Carona’s Senate Bill 247 removes nonjudicial foreclosure and prohibits the transfer of a lien from a licensed to a nonlicensed entity. About $6 billion in liens come up for sale each year in 28 states, Washington, D.C., Puerto Rico and the U.S. Virgin Islands, Forbes reports. Enough of that money is changing hands in Texas — loan balances…Read More... [Source: Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com]
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