Migliaccio & Rathod LLP is currently investigating possible instances of home equity theft in Washington D.C. and elsewhere. Our investigation comes after officials in the town of Bolton, Massachusetts seized “dramatically more” than what farmer Alan DiPietro owed in property taxes. Twelve states and the District of Columbia have been allowing local governments and private investors to seize dramatically more than what’s owed from homeowners who fall behind on property tax payments, The Epoch Times reported. Some homeowners even reported that local governments took all of the excess equity, robbing them of thousands of dollars. The Pacific Legal Foundation estimates that hundreds of millions of dollars in home equity have been unjustly taken from their rightful owners.
Thankfully, the US Supreme Court has unanimously ruled that the theft of excess home equity after a home is sold to meet outstanding property debt is unconstitutional. Siding with homeowners, the court has stated that local governments and private investors owe just compensation and that they could not directly appropriate private property for their own use. Consequently, the 12 states and the District of Columbia now must change their regulations or face litigation. Homeowners who report having their excess equity unconstitutionally taken from them have expressed their distress, and Migliaccio & Rathod shares their concerns and believes that local governments and private investors should be held accountable if they have performed home equity theft.
Have you been subject to home equity theft in the District of Columbia or elsewhere?
If so, we would like to speak with you. Please complete the contact form on this page, send an email to [email protected] or call us at (202) 470-3520 for more information.
Committed to Civil Rights
The lawyers at Migliaccio & Rathod LLP have years of experience in class action litigation against large corporations and the government, including in cases involving civil rights. More information about our current cases and investigations is available on our blog.