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Subject:  Re: Muni-bonds Date:  9/4/2007  3:11 PM
Author:  loveoldcars Number:  21506 of 36864

Hi ranshdow,

Yes, the taxing authority depends on all the different taxes to pay their debts. But remember, property taxes trump all other positions, so any forclosure requires the maintenance of the taxes, or the bank would lose the property to a tax auction. Obviously not going to happen...

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