Supreme Court delivers victories for homeowners in tax and equity disputes.

1 min read
Source: CNBC
Supreme Court delivers victories for homeowners in tax and equity disputes.
Photo: CNBC
TL;DR Summary

The US Supreme Court has ruled unanimously that a 94-year-old woman can pursue her claim that a Minnesota county violated the Constitution by keeping a $25,000 profit when it sold her home in a tax foreclosure sale. The court concluded that Geraldine Tyler's claim that such seizures violate the takings clause of the Constitution's Fifth Amendment, which requires that the government pay compensation when property is taken, is plausible and should be allowed to move forward. The Pacific Legal Foundation, which litigates property rights issues, calls the practice "home equity theft."

Share this article

Reading Insights

Total Reads

0

Unique Readers

0

Time Saved

2 min

vs 3 min read

Condensed

79%

43591 words

Want the full story? Read the original article

Read on CNBC