Tag: foreclosure reform
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Winds of Change in Chicago: Is the Party Over for Investors Who Profit From Property Tax Foreclosures?
BREAKING NEWS: While the proposal is being considered, Cook County’s spring 2026 tax sale has been suspended. What’s going on with property tax seizures in Chicago? First, we know that “legalized equity theft” through foreclosure was finally held unconstitutional by the U.S. Supreme Court in 2023, in Tyler v. Hennepin County. The Court held that…
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California Ends “Home Equity Theft” in Property Tax Foreclosures
California recently made an important change to its foreclosure law. When California deed holders face foreclosure on liens placed against their titles for unpaid property taxes, they would find themselves losing all their equity. It’s a practice commonly called home equity theft. From October 2025 on, California deed holders will no longer have to face…
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New Jersey Enacts a Raft of Reforms Impacting Deed Holders
To take action on the racial wealth gap, New Jersey’s lieutenant governor Tahesha Way signed an update to the Real Estate Appraisal Act, explicitly meant to stop race-based bias from influencing appraisals. As our readers know, appraisals often occur when a home seller transfers a deed to a home buyer. A 2022 study from the…
