CBS Austin: Excess Funds from Municipal Tax-Debt Home Auctions to be Returned

Save
2 years ago
64

SUMMARY:
Last month, the U.S. Supreme Court ruled that excess funds from municipal tax-debt home auctions must be returned to previous owners.
https://www.cato.org/blog/supreme-court-strikes-down-home-equity-theft

SEGMENT:
Joining us to break down the ruling and how it affects local homeowners and municipal governments in Texas is Adam Andrzejewski, CEO of OpenTheBooks.com.

DRAFT QUESTIONS:
1. It's been called "home equity theft" -- when a home is auctioned by a city to pay delinquent property taxes (or other fees) and the proceeds of the sale exceed the amount owed. Please break down the new Supreme Court ruling for us.
https://www.cato.org/blog/supreme-court-strikes-down-home-equity-theft

2. Is "home equity theft" an issue in Texas and what about the other 50 states? Should this issue be a part of the Texas legislature special session?
https://homeequitytheft.org/loophole-states#texas
https://www.illinoispolicy.org/u-s-supreme-court-rules-government-home-equity-theft-unconstitutional/#:~:text=The%20U.S.%20Supreme%20Court%20ruled,million%20in%20government%20property%20theft.

3. Has home equity theft been an issue in the Texas courts previously or in the state legislature?
https://www.jdsupra.com/legalnews/texas-supreme-court-confirms-texas-home-69054/

4. What about these ads that sell insurance to prevent home title fraud by criminals? Is this a real problem for homeowners.
https://www.thepublicopinion.com/story/opinion/columns/2021/08/30/home-title-thieves-cannot-steal-your-house-rick-kahler-reports/5648246001/SUMMARY

🇺🇸 FOLLOW OPENTHEBOOKS ON SOCIAL MEDIA 🇺🇸
Website: https://www.openthebooks.com
Facebook: https://www.facebook.com/openthebooks
Twitter: https://twitter.com/open_the_books
Instagram: https://www.instagram.com/openthebooks

Substack: https://openthebooks.substack.com/
Gettr: https://www.gettr.com/user/openthebooks
Rumble: https://rumble.com/user/OpenTheBooks

Thank you for watching! Please like, comment, share, and subscribe.

Loading comments...