The unconstitutional practice of home equity theft has allowed individuals to be stripped of their property without fair compensation.
For three years, the pair scrimped and saved in order to fix up the four-unit property. On the weekends, Ramouldo would spend his days off making the 11-hour drive from New Jersey to Michigan to work on the house, making the much-needed repairs himself. In addition to the small complex, the family had purchased a small home next door. The plan was to renovate and rent out each unit and then use that money to help Ramouldo retire and move his family to the small home in Michigan, where the rest of their extended family resides.
Erica, who had seen her father work long hours and sacrifice to provide for her family over the years, was happy to help her father buy the property. She was eager to begin building her own financial legacy and saw the property as an excellent investment opportunity.
These plans were derailed, however, when their property was seized by Wayne County, Michigan, in 2017 and sold to a private buyer.
All because they unknowingly underpaid their tax bill—by $144.
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