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Greenfield City Council approves $354K to settle ‘home equity theft’ lawsuit

Summary by Greenfield Recorder
GREENFIELD — City Council voted unanimously to settle a $354,000 home equity lawsuit Wednesday evening, putting an official end to the practice of taking the entire equity of a home in the event of a tax lien foreclosure, after the state declared it illegal last summer.

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Greenfield City Council approves $354K to settle ‘home equity theft’ lawsuit

GREENFIELD — City Council voted unanimously to settle a $354,000 home equity lawsuit Wednesday evening, putting an official end to the practice of taking the entire equity of a home in the event of a tax lien foreclosure, after the state declared it illegal last summer.

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Greenfield Recorder broke the news in on Thursday, April 17, 2025.
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Greenfield, Massachusetts

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