$LFI Product Logic:
American homeowners owe property taxes → The government turns this owed tax into a "property mortgage claim" → Sells it to investors → Investors earn high interest, if they don’t pay back, they take the house.
1. Owing taxes: American homeowners fail to pay property taxes, overdue → The government places a tax lien on the property → The house cannot be sold or mortgaged.
2. Convert to debt claim: The government turns this owed tax (principal + penalties) into a tax lien certificate → Essentially a high-interest debt secured by property.
3. Auction to investors: Investors p