Editorial: Court’s ruling may pave way to ending ‘equity theft’ injustice

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Private Equity: Alden Global Capital

Editorial: Court’s ruling may pave way to ending ‘equity theft’ injustice

Ever since the Supreme Court ruled last May that a municipality in Minnesota had violated the Constitution’s takings clause when it sold a foreclosed property and kept proceeds in excess of what the property owner owed in taxes, Massachusetts residents have waited for this state to end that problematic practice. Homeowners here still face the prospect of losing all the value they’ve accumulated over the years due to a confiscatory state statute …