Wow - what a non-story. Most real estate investors do not pay their real estate taxes on time so this is as 'hot' a news story as Obama and his wife bumping fists or Rachel Ray's scarf in the Dunkin donuts ad. What a load of non-issue crap. As my Dad put it many years ago: "It's a loan I don't have to fill out out a loan app for and it doesn't show up on my credit report."
The name of the game in investing is 'capital retention'. Obviously, anyone who thinks somebody not paying their real estate taxes on time is worth mentioning either doesn't know anything about the subject or is stirring the pot for dregs on the bottom.
This got my morning off to a good laugh.