A Nebraska man whose house title was seized over a modest property tax debt has finally gotten it back, ending a yearslong legal battle that almost saw him lose his home and all of its value in excess of what he owed the government.

In 2014, Kevin Fair was unable to pay his $588 property tax bill after quitting his job to care for his dying wife, Terry, who had been diagnosed with a debilitating case of multiple sclerosis. The next year, the Scotts Bluff County government quietly sold that debt to a private investor, Continental Resources, which continued to satisfy the Fairs' property taxes—until 2018, when the company sent the couple a bill for $5,268.

The family would have to pay that total—their tax debt, along with interest and fees—within 90 days, or lose their house. They would also lose all of their equity, even though their home was worth about $55,000 more than what they owed.

That was business as usual in Nebraska, which was one of many states engaging in legalized home equity theft. "People are shocked about how the law actually operates," Jennifer Gaughan, chief of legal strategy at Legal Aid of Nebraska, told me in 2023. The law was indeed shocking: Local governments were permitted to sell tax debts to investors, without sending correspondence to the debtors. Three years later, as in the Fairs' case, the investor would mail the property owner the new bill, which, of course, had grown substantially, with 14 percent interest and other fees. If the owner couldn't pay within 90 days, then the county treasurer would give the title of the house to the investor, who would then take the home, sell it—and keep the change.