California cities eye plan to seize mortgages
In the foreclosure-battered inland stretches of California, local government officials desperate for change are weighing a controversial but inventive way to fix troubled mortgages: Condemn them....
View ArticleLI wary of Calif eminent domain underwater mortgage plan
Underwater mortgages – where owners owe more than the house is worth – became common after the 2008 housing-market collapse sparking the Great Recession.
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