"State law allows Minnesota counties to keep such windfalls at the expense of property owners like Geraldine. From 2014 to 2020, 1,200 Minnesotans lost their homes and all of the equity they had invested for debts that averaged 8% of the home’s value."LINK for the "1,200 Minnesotans lost their homes"
"For example, the State of Minnesota often sells tax-forfeited properties to the City of Minneapolis for as little as $1. Even then, the State and localities retained over $11.6 million in excess of the taxes owed in 772 homes examined in our study where sales price data was available.[4]The city then turned around and sold the properties to private investors-a gain not captured in the $11.6 million figure. Private investors then sold properties for market value-also getting a large cut of the homeowners’ savings."
A travesty; a huge SICK blow to those homeowners. Thanks for info.