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Kiplinger
Kiplinger
Business
Kelley R. Taylor

94-Year-Old Prevails in Home Equity Supreme Court Case

foreclosure sign

A 94-year-old woman who lost her home — and her home equity — due to past-due property taxes has scored a huge win at the U.S. Supreme Court.  

  • In the case, Tyler v. Hennepin County, a unanimous Court ruled Thursday that it’s unconstitutional for a state to take your home to cover your property tax bill while pocketing the profit from your surplus home equity.
  • Since more than a dozen states allow what some call “home equity theft,” the court’s ruling will impact homeowners across the country.
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