Redlands Community News: State of California must end its home equity theft loophole

August 07, 2023 | By JIM MANLEY
Row of Foreclosure Home For Sale Real Estate Signs in Front of Houses.

According to the Supreme Court, home equity theft — the practice of governments or investors taking more than they are owed when collecting delinquent taxes — is unconstitutional. Unfortunately, it seems California didn’t get the memo.

On May 25, the Court ruled unanimously in Tyler vs. Hennepin County that when the government takes more than is owed to satisfy a property tax debt, it violates the Constitution’s Takings Clause, which bars the government from taking private property without providing just compensation.

To continue reading, please visit Redlands Community News.