Carol Cocheres of the law firm Eckert Seamans describes the dire consequences facing Harrisburg property owners if the city defaults on it's bond obligations, Cocheres details how the bond insurer will file a lawsuit demanding the court to "levy a special assessment" placed on every property within the city limits,Cocheres goes on to describe the levy as an annual assessment for current and future years and if the property owner does not pay the property could be exposed to a foreclosure or "sheriff sale" by the bond insurer -

Video from 7.2.7.

Harrisburg defaulted on it's bond obligations becoming the first municipality in the commonwealth to default.