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Banks That Don't Pay Taxes: Wells Fargo Lost At Least 191 Properties To The Tax Auction

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How did so many properties end up in the 2012 tax auction anyway? For a property to end up for sale by Wayne County in the online bidding system, taxes need to be unpaid for three years. As it turns out, the bank-owned properties were some of the worst offenders when it came to not paying Wayne County. Seriously. Sure, maybe the banks did not want these foreclosures in the first place, but isn't it pretty bad practice for a bank to send the message, "we just didn't feel like paying?"

Thanks to data pulled by the Why Don't We Own This? crew, we have a list of the property owners that lost the most property to Wayne County for unpaid taxes this year. The list is organized by property owner name as recorded in the Detroit assessors' dataset. So at times these are entered incorrectly, or one company has several different names. In any case it is the best estimate we have.

And now, your worst offenders, when it comes to banks that ignored tax bills:

1. WELLS FARGO BANK NA 85 Foreclosures to Wayne County
2. EZ ACCESS FUNDING LLC 84 Foreclosures to Wayne County
3. DEUTSCHE BANK NATIONAL TRUST CO 79 Foreclosures to Wayne County
4. WELLS FARGO BANK 78 Foreclosures to Wayne County
5. BANK OF NEW YORK 72 Foreclosures to Wayne County
6. FEDERAL NATIONAL MORTGAGE ASSOC 71 Foreclosures to Wayne County
7. U S BANK NATIONAL ASSOCIATION 62 Foreclosures to Wayne County
8. PARAMOUNT LAND HOLDINGS LLC 57 Foreclosures to Wayne County
9. WASHINGTON MUTUAL BANK 53 Foreclosures to Wayne County
10. FEDERAL NATIONAL MORTGAGE ASSOCIATI 52 Foreclosures to Wayne County
11. HSBC BANK USA 48 Foreclosures to Wayne County
12. DEUTSCHE BANK NATIONAL TRUST COMPAN 47 Foreclosures to Wayne County
13. AFFORDABLE AMERICAN HOMES LLC 45 Foreclosures to Wayne County
14. TAXPAYER/OCCUPANT 42 Foreclosures to Wayne County
15. FEDERAL NATIONAL MORTGAGE 40 Foreclosures to Wayne County
16. DAVIS, KEVIN 37 Foreclosures to Wayne County
17. HUD 34 Foreclosures to Wayne County
18. US BANK NATIONAL ASSOCIATION 33 Foreclosures to Wayne County
19. STONECREST INVESTMENTS LLC 30 Foreclosures to Wayne County
20. WELLS FARGO BANK, NA 28 Foreclosures to Wayne County

Way to go Wells Fargo on book-ending the list of our top twenty, and refusing to give up one of the top honors on the middle there. It would seem you are responsible for at least 191 tax foreclosures in Wayne County. Likely many of them were properties you foreclosed on three years ago from private owners, which is a really nice double down on our local average.

· Wayne County Foreclosure Map [WDWOT]