Activists Call on NYC to End Tax Lien Sales

Community and housing associations are teaming up with lawmakers in efforts to abolish the tax lien sale in New York City. Tax lien sales are claims against property owners who have unpaid water bills or taxes. The city sells those liens to a private trust managed by Bank of New York Mellon. The bank adds on fees and interest to unpaid debts the owner owns and can eventually foreclose on the property to get the money.