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This is just legalized theft by the government. If someone has debt, it’s fair for their assets to be considered to repay it. But they have to get fair value in return.
8.8. klo 04.00
This is Tawanda Hall. She fell $900 behind on a property-tax payment plan.
So the government seized her home—which sold for *$308,000.*
Hall got nothing.
The Supreme Court said stealing home equity is illegal. But some states are *still* trying to defy the law. A thread.
@mwphnh Apparently these first sold it to a non-profit to avoid doing that.
8.8. klo 04.05
The county sold the Halls’ home to the city for a minimum bid—about $23,000, roughly the debt amount.
The city then gave their home to a government-managed nonprofit for $1.
That nonprofit sold the house for $308,000, and kept the ~$286,000 profit. This is not a joke. /3
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