SCOTUS Decision

The US Supreme Court has put an end to a form of equity theft.  Recently, the Court unanimously ruled that when a local government forecloses upon a homeowner for failure to pay property taxes, the government can only keep what they are owed and must return any balance to the owner.  The case was from a 94-year old woman in Minneapolis who owed $15,000 in back taxes and fees.  Her condo was sold at auction for $40,000 and the county kept all the money.  She sued, citing that the government was not entitled to keep the extra funds.  The Supreme Court unanimously agreed.  12 states plus DC permitted this practice which has now ended.

Post a Comment