Why Idaho just closed a loophole that would allow state agencies to steal residents’ home equity
Fox News
Gov. Brad Little signed a bill into law that led Idaho to become the fourth state to end home equity theft since the Supreme Court ruled the practice unconstitutional in May.
"The Supreme Court got it right when they said: ‘The taxpayer must render unto Caesar what is Caesar's, but no more,'" Ehlers told Fox News. "Ending home equity theft is a matter of fairness for all property owners. I’m glad my colleagues saw this as well and helped close this loophole in Idaho." Megan Myers is an associate producer/writer with Fox News Digital Originals.
Under the previous law, Idaho county governments could transfer the repossessed property to another agency and dodge the sale without paying the original homeowner, KTVB 7 reported. However, the state's newly-passed legislation would force the government to sell the property and fairly split the sale value with the homeowner.
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