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American Tax Funding (ATF) is a purchaser and servicer of delinquent municipal real estate tax lien sales. ATF is a private company, originally formed in 1997 as Transamerica Municipal Finance (TMF), a division of Transamerica Corporation. In August 2000 the founders completed a form of a management buyout of TMF, creating ATF. Since 1997, AFT has providing over $1 billion to local governments in more than 14 states.[1] ATF's tax liens are secured by Wells Fargo Foot Hill.

Controveries

Since January 2008 the City of Syracuse has refused to sell any tax liens to American Tax Funding and in December 2008, the City voided its contract with ATF because they refused to pay taxes on a half dozen properties they owned. In retaliation for canceling its contract, AFT filed a $6.1 million lawsuit against the City of Syracuse [2]

References

  1. About American Tax Funding. Retrieved on June 8, 2012.
  2. Tax liens cause disputes for Syracuse, a Florida firm and long-distance homeowners. Syracuse Post-Standard. Retrieved on June 8, 2012.
This article uses material from the Wikipedia article American tax funding, that was deleted or is being discussed for deletion, which is released under the Creative Commons Attribution-ShareAlike 3.0 Unported License.
Author(s): Diderot1 Search for "American tax funding" on Google
View Wikipedia's deletion log of "American tax funding"
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