Just Compensation at the US Supremes

What do I need to know: The just compensation isn’t a by-the-book eminent domain issue. It involves foreclosure sale that occurred in the middle of a sales transaction by the property owner.

What legal quirk then emerged: The Land Bank that swooped in to take the land transferred the property to a private owner at a fraction of its appraised value.

In Ohio, the land bank system is an exception to the ordinary tax foreclosure sale.

What would be the impact if the owner is afforded just compensation? More than 12 states have a similar system that allows the state to take a windfall from foreclosed property.

Pacific Legal Foundation | Ohio county’s illegal tax foreclosure robs property owner and taxpayers