Foreclosed Property Owner Puts Seized Equity Issue Before SCOTUS

Under the US Constitution’s Takings Clause, a government owes a former property owner the full market value of their tax foreclosed home minus the delinquent debt , and not just the lower price the property sold for at an auction, an estate representative told the US Supreme Court on Monday.

The Fifth Amendment clause requires Isabella County, Mich., to provide just compensation to Timothy Pung’s estate for the equivalent value of his property minus the debt, the estate’s personal representative said in his principal appellate brief. The person deprived of property by the government must be put in the ...