Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Markets>
Government Seizes and Sells Man’s $900,000 Home Over Unpaid Water Bill He Didn’t Even Know About: Report

Government Seizes and Sells Man’s $900,000 Home Over Unpaid Water Bill He Didn’t Even Know About: Report

Daily Hodl2025/10/31 16:00
By: by Daily Hodl Staff
HOME+2.35%WATER0.00%

A Brooklyn homeowner has lost his $900,000 property after New York City sold it over an unpaid $5,000 water bill.

The home was foreclosed, auctioned off and sold to investors without 65 year-old Filmore Brown’s knowledge, reports ABC 7 New York.

The 2019 bill, worth less than 1% of the home’s value, was sold to a trust. It vanished from city statements, and Brown received no notices.

The city says foreclosure papers were served in 2020, but Brown denies receiving them. He says he learned of the sale when strangers drilled his locks at night.

Brown’s attorney Alice Nicholson is now suing the city, alleging improper warnings.

Meanwhile, the Department of Finance claims reforms have already provided more outreach and payment options.

Brown paid off the mortgage for the three-unit home in 2019 by working seven days a week. He lives on the top floor and rents the lower two.

Councilmember Chris Banks calls the sale a “grave injustice” and has proposed legislation to enhance notifications and bar water bill sales to trusts. State bills on the issue failed last year.

Generated Image: Midjourney

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitcoin Updates: Swiss Crypto Lending Offers 14% Returns Alongside Bank-Backed Insurance

- Swiss crypto lender Fulcrum offers 14% APR on stablecoins with Lloyd's insurance and FINMA regulation. - Platform uses 50% LTV over-collateralization and institutional-grade security to mitigate market risks. - Targets inflation-hedging investors by bridging traditional finance gaps with insured crypto yields. - Competes with alternatives like Bitget's zero-interest loans but emphasizes regulatory compliance and capital preservation.

Bitget-RWA2025/11/05 05:04
Bitcoin News Update: Analyst Highlights How MSTR's Convertible Bonds Prevent Forced Bitcoin Sales

- MSTR's convertible debt structure allows debt repayment via cash, stock, or both, avoiding Bitcoin sales during market downturns. - The company raised €350M through a 10% dividend-bearing euro-denominated preferred stock offering to fund Bitcoin purchases. - Q3 results showed $3.9B operating income from Bitcoin gains, driving a 7.6% stock surge to $273.68 post-earnings. - Risks persist if Bitcoin fails to rally in 2028, potentially forcing partial liquidation amid $1.01B 2027 debt obligations. - MSTR hol

Bitget-RWA2025/11/05 04:50
Solana News Today: Solana ETFs Surpass Bitcoin as Staking Returns Attract Institutional Investments

- U.S. spot Solana ETFs (BSOL/GSOL) attracted $199M in 4 days, outperforming Bitcoin/Ethereum ETF outflows. - 7% staking yields drive institutional inflows as investors rotate capital from major crypto assets. - Despite ETF success, SOL price fell below key support levels, raising concerns about $120 price floor. - Strategic staking and treasury purchases boosted Solana's institutional appeal, with $397M in staked assets. - Market remains cautious as ETF competition intensifies, with Bitwise's BSOL outpaci

Bitget-RWA2025/11/05 04:50

Trending news

More
1
Ethereum Crash Deepens: Can the $3K Line Hold or Will It Break Next?
2
Bitcoin Updates: Swiss Crypto Lending Offers 14% Returns Alongside Bank-Backed Insurance

Crypto prices

More
Bitcoin
Bitcoin
BTC
$101,965.84
-3.78%
Ethereum
Ethereum
ETH
$3,335.04
-7.22%
Tether USDt
Tether USDt
USDT
$1
+0.02%
XRP
XRP
XRP
$2.25
-3.19%
BNB
BNB
BNB
$948.63
-3.59%
Solana
Solana
SOL
$157.83
-3.25%
USDC
USDC
USDC
$0.9998
-0.03%
TRON
TRON
TRX
$0.2856
+0.52%
Dogecoin
Dogecoin
DOGE
$0.1654
-1.61%
Cardano
Cardano
ADA
$0.5356
-3.53%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter