Washington D.C.—On May 25, the Supreme Court ruled in favor of the petitioner in Tyler v. Hennepin County, a case examining the practice of home equity theft. The Alliance applauds the Supreme Court for their unanimous decision to protect 94-year-old Geraldine Tyler from the unjust Minnesota tax foreclosure laws that took not only what Ms. Tyler owed in taxes but also all her equity.
Property ownership is one of the most significant paths to building equity and financial security in America. Homeowners’ entitlement to this equity is one of the most cherished property rights protected by law. If a homeowner unfortunately falls behind on their property taxes, they should not have to worry about the government taking more than what is owed.
In March, The Alliance joined the National Association of REALTORS® to file an amicus brief in support of Tyler and the rights and interests of property owners everywhere. The Alliance supports property owners on their path to building equity, and we continue to work to protect that equity after it is accrued. Abolishing home equity theft everywhere it occurs will protect the most vulnerable and safeguard the rights of property ownership for years to come.
CONTACT
Amber Hord
[email protected]