{"id":1789120,"date":"2022-12-28T06:06:10","date_gmt":"2022-12-28T11:06:10","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1789120"},"modified":"2022-12-28T17:33:48","modified_gmt":"2022-12-28T22:33:48","slug":"12-states-allow-home-equity-theft-over-homeowners-tax-payment-shortfalls","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/12-states-allow-home-equity-theft-over-homeowners-tax-payment-shortfalls\/","title":{"rendered":"12 States allow home equity \u201cTheft\u201d\u2019 Over Homeowners\u2019 Tax Payment Shortfalls"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2F12-states-allow-home-equity-theft-over-homeowners-tax-payment-shortfalls%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1789120&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<p>A new report shows that twelve states and the District of Columbia permit local governments and private investors access to significantly more than homeowners who are behind on their property tax payments.<\/p>\n<p>This is a practice that <a href=\"https:\/\/www.theepochtimes.com\/t-pacific-legal-foundation\">Pacific Legal Foundation<\/a> (PLF-) calls \u201chome equity theft,\u201d It is documented in what the group calls the &#8220;first national study&#8221; aimed at exposing \u201cthe injustice of home equity theft through tax foreclosure.\u201d<\/p>\n<p>\u201cOur findings are alarming,\u201d PLF\u2019s strategic research director, Angela Erickson, said in a statement.<\/p>\n<p>\u201cHome equity theft is robbing thousands of people of their homes and all the equity they\u2019ve built. A system that allows governments and private investors to take more than what is owed creates a perverse incentive to work against the homeowner\u2014not with the homeowner\u2014to get the tax debt paid.\u201d<\/p>\n<p>Based on the market value of their homes, homeowners lost $777 million in their life savings in transactions that occurred between 2014 and 2021. The true total is probably higher because statistics from New York state and some statistics from the other states studied weren\u2019t available. According to the study, homeowners lost on average 86 percent of equity. <a href=\"https:\/\/homeequitytheft.org\/size-and-scope\">found<\/a>.<\/p>\n<p>In addition to the $26 million they earned on 1,300 homes, government agencies often unload properties at a fraction of market value.\u00a0Private investors, who purchased tax liens, made approximately $250 million more than the amount they owed on around 2,600 homes.<\/p>\n<p>Alabama, Arizona Colorado, Illinois, Maine Massachusetts, Minnesota, Nebraska and the District of Columbia have laws in place that permit local governments and private investors to access their laws \u201csteal\u201d According to PLF homeowners who are behind on property taxes can lose substantial amounts of their home equity.<\/p>\n<p>Nine other states\u2014Alaska, California, Idaho,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new report shows that twelve states and the District of Columbia permit local governments and private investors access to significantly more than homeowners who are behind on their property tax payments. This is a practice that Pacific Legal Foundation (PLF-) calls \u201chome equity theft,\u201d It is documented in what the group calls the &#8220;first &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1711020,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[5458,10708,12270,10848,3819,12271,8360,6913],"class_list":["post-1789120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-bongino","tag-equity","tag-homeowners","tag-payment","tag-report","tag-shortfalls","tag-tax","tag-theft"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1789120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1789120"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1789120\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1711020"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1789120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1789120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1789120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}