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Supreme Court Reviews Homeowner Equity Limits
The U.S. Supreme Court is examining how much equity homeowners are entitled to when their property is sold at a tax foreclosure auction. The case involves whether compensation should be based solely on the auction sale price or the property's fair market value, especially when the sale produces a significantly lower amount. The decision could clarify the constitutional obligation of government to return property value beyond unpaid taxes and impact how homeowners recover surplus equity after tax sales.
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