Howard is deliberately overlooking the distinction between the sale of tax
liens/deeds - admittedly nothing new - and the INNOVATIVE attempt(s) to
securitize tax lien/deeds, creating pools from which bonds could be issued, thus
allowing them to be more easily sold in bulk or, as in New Haven's example, to
sell liens IN BULK, a relatively new phenomenon, that creates it's own
bureaucratic/logistical hell.
In the case of securitization, the fact that they would then be transmitted as more
respectable bonds, rather than as the tax lien/deed proper, which the investing
public rightfully sees as unsavory, would be a coup for the tax lien industry in
itself...