Does anyone know, can this be applied retroactively? This happened to my parents a few years back.
bttt
I’m at that place where I want to end policing as we know it. They have become the standing army the Founders warned us about.
Will the officials that did it be arrested now? Yeah, RIGHT!
They often charge fines such as $250 a day demanding compliance on silly issues.
That this has to go to SCOTUS is sick.
The legal system totally sucks.
Mn. must be a scumbag Socialist State run by Marxist dems. I have been to Mn. several times and found the atmosphere of the people deplorable.
"State law allows Minnesota counties to keep such windfalls at the expense of property owners like Geraldine. From 2014 to 2020, 1,200 Minnesotans lost their homes and all of the equity they had invested for debts that averaged 8% of the home’s value."LINK for the "1,200 Minnesotans lost their homes"
"For example, the State of Minnesota often sells tax-forfeited properties to the City of Minneapolis for as little as $1. Even then, the State and localities retained over $11.6 million in excess of the taxes owed in 772 homes examined in our study where sales price data was available.[4]The city then turned around and sold the properties to private investors-a gain not captured in the $11.6 million figure. Private investors then sold properties for market value-also getting a large cut of the homeowners’ savings."
They reasoned that once the county confiscated her title, she no longer owned the property and was not entitled to anything. This left Tyler on the hook for a $50,000 mortgage and $12,000 in condo fees.
If Tyler no longer had a title to the property then I don’t see how she would have owed any money to the bank or to the condo association. The mortgage and the condo fees are secured by liens on the property, so if she no longer owns the property then the new owner (the government) has effectively taken on the responsibility for those two liabilities. And if these ARE still in place, then the $50,000 mortgage and the $12,000 in condo fees would be paid out of the proceeds of the sale when the government sold it.
Under these circumstances, I don’t see how Tyler gets even a penny for her efforts in the case.
“This left Tyler on the hook for a $50,000 mortgage and $12,000 in condo fees.”
Lucky last?
She was underwater on her house but came out $25k ahead!
I find this statement puzzling, insofar as it seems to imply that the Plaintiff still being burdened with a mortgage and lien somehow excludes her from being "harmed."
Regards,
Property Taxes: One of the most egregious forms of taxation ever invented. A system that FUNCTIONALLY makes NO-ONE an actual property OWNER - no matter the price you pay, you are simply paying for occupancy/use. The state/county/municipality owns it. You buy the revocable right to use the property - so long as you pay your annual rent/extortion bill.
Don’t believe me? Just refuse to pay that property tax bill and then watch the County sell your property to the next renter - and give you nothing in return.
This isn’t actually accurate. There are many property (tax) auctions her in Arkansas - where they sell your property for not paying the taxes - and I’ve never known anyone to get any equity back.
This is why some people burn their houses the ground and then top off their private airplane with fuel and crash it into an IRS building.
If folks think home equity theft is bad, you should see what’s going on with land banks in state that allow home equity theft.
Hint, hint...