Let’s say that you buy a home in cash and have 100% paid off. Could you still lose it somehow?

  • ShimmeringKoi [comrade/them]@hexbear.net
    link
    fedilink
    English
    arrow-up
    18
    arrow-down
    1
    ·
    edit-2
    11 months ago

    Eminent domain baybee

    Oh, also if you’re under investigation for anything, the cops can just confiscate your house, car, possessions, whatever. Even if you’re found not guilty, you don’t get anything they took back. Typically it will get sold at a discount, typically to a cop. You’ll often see them on twitter taking pictures with their fancy new car that they dragged someone out of a month ago. It’s called asset forfeiture, and iirc It’s the second or third most prevalent from of theft in America, wage theft being the first.