Pop23
Gold Member
- Mar 28, 2013
- 26,685
- 4,383
Apparently, a $135K fine isn't enough for the Special Snowflake Totalitarians.
Now the state is threatening to take away their home if they don't pay up. This is a preview of future state asset forfeitures for anyone who doesn't share the required Groupthink.
Placing a lien on the home doesn't mean the State is taking away their home.
A lien on a property means the property can't be sold while the lien is in place. What it does is prevent debtors from selling assets (in this case a home) and skipping town with the profit on the sale of the asset.
Lien's on real property are a normal part of the business process if someone refused to pay a debt.
On top of that the Klien's can still appeal the BOLI ruling in court challenging both the fine and request an injunction against the lien during the appeal process. The courts would then make the call.
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Liens are a bitch, no doubt, but there is a theory that since the lien reduced the value of the house (try getting a home improvement loan on a home with a lien) that real estate taxes should be disallowed, or that the lien holder be the payer.
Lien's don't reduce the value of a house.
(Not getting loan to improve the condition of the house is not a reduction in the existing value of the house.)
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It's simply a theory I've heard bandied about. I do administrate tax protests of properties from time to time, it is amazing how many creative ways there are to get a reduction in value.