Pung family
Coverage of Pung family in the Nexus archive.
- It’s not ‘just’ to erase someone’s home equity
The U.S. Supreme Court ruled that property owners are not entitled to fair market value when the government seizes and sells their home to satisfy a debt, but the process must be fair. The Pung family's case was sent back to a lower court to determine if their home's auction met the fairness standard.
- U.S. Supreme Court orders lower court to determine if Michigan county unfairly seized family’s home
The U.S. Supreme Court ruled that the Pung family is not entitled to compensation based on the fair market value of their home seized in a tax foreclosure by Isabella County, but sent the case back to a lower court to assess whether the county overstepped by seizing more property than needed to cover a $2,242 tax debt. The family's home was sold at auction for $76,008, significantly below its assessed market value of $194,000, leading to a dispute over compensation.