this post was submitted on 21 Jul 2025
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You: So whether or not it's true... the government thinks you owe them tens of thousands of dollars in back taxes and interest, correct?
Sovcit: Correct.
You: Now say, in a hypothetical scenario, that you're five years into paying off your mortgage, and one day: suddenly the authorities decide to prosecute you for tax evasion.
If you go to prison, or at best case you get your paychecks severely garnished, it's going to be really hard to keep paying your mortgage. Kind of a big risk for the bank, wouldn't you say?
Sovcit: ...
You: So...?
Sovcit. You still didn't tell me how to handle. What can I send to the bank to satisfy this?
The thing is that they don't think the government thinks they owe taxes. They think that what we know of as the government is a fake organization that we don't have to listen to, we just think we do. My mom was one of these people, and though she died over a year ago, my sister and I are still in a legal battle with the organization she was a part of, because they keep saying that the state of Minnesota doesn't actually exist, so the laws that govern it don't apply, and that means they have the right to do whatever they want with the money that was supposed to go to me and my sister.
That sounds SO frustrating, friend. I'm sorry to hear your mom got caught up in that stuff, AND that its still impacting your family. That's brutal. Hugs from Canada.
Also if the government forse you into bankruptcy you will need to sell the house and the bank is going to be left holding the bag.
It's more that the government is first in line to get paid. The Bank doesn't care a ton about you going bankrupt, as they are second only to the government in getting their money back.
This is the key point that the banks are concerned with.
If the house is worth $100 and you owe the government $90, the bank can only recoup $10.
It’s a terrible idea to fund this loan because you likely will only get Pennies back
@Dima @morgan_423 Some of them like to put shit like this in their local paper. Just to, y'know, stop themselves looking like complete cookers.
I guess newspapers are probably happy that someone is paying them to publish that stuff but the sovcits could save themselves some money by just printing out their notice and sticking it to the ceiling of a random porta potty, it would have the same effect