Supreme Court rules against a longtime heinous practice in NJ (Opinion)
Earlier this month we told you about New Jersey's practice of seizing your home and then selling it and keeping the profits.
We are one of only 12 states with the absolute unconstitutional, un-American gall to do such a thing to this day. Well, that may change here in New Jersey after a Supreme Court ruling concerning a 94-year-old woman in Minnesota.
The attorney for homeowner and grandmother Geraldine Tyler, told the court during April 26 oral arguments that local governments shouldn’t be able to seize and keep the full value of a home as payment for much smaller property tax debts.
The county in Minnesota seized Tyler’s condo, valued at $93,000, and sold it for just $40,000. Instead of keeping the $15,000 it was owed, the county retained the full $40,000, amounting to a windfall of $25,000, according to PLF.
According to this recent Supreme Court ruling, the state of New Jersey should stop this heinous practice, many times used against elderly homeowners.
If for whatever reason a person falls behind in their taxes and has to forfeit their home, any sales should return excess monies to the homeowner.
It probably happens in New Jersey more than the other 12 states that still use this practice due to outrageously high property taxes. Shameful. We'll wait to see the change in policy here in our state after this Supreme Court ruling.
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Opinions expressed in the post above are those of New Jersey 101.5 talk show host Dennis Malloy only.
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