Supreme Court Considers Property Rights and Foreclosure Practices

1 min read
Source: ABC News
Supreme Court Considers Property Rights and Foreclosure Practices
Photo: ABC News
TL;DR Summary

The Supreme Court is hearing a case on whether property seizures for unpaid taxes that result in someone other than the homeowner keeping more money than the taxes owed violate the "Takings Clause" of the constitution's Fifth Amendment. Property seizures like this are legal and happening in 11 states and Washington D.C., according to Pacific Legal Foundation. Homeowners altogether lost more than $860 million in the 8,950 homes that localities and private investors foreclosed on then resold for more money than what was owed in taxes from 2014 to 2021.

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