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![]() NBCNews.com | Mortgage eminent domain would be political payoff Joliet Herald News Dear DL: Because you don't live on the Left Coast (California), you don't qualify for that program. Meanwhile, using the power of eminent domain to acquire residential mortgages has not been approved by the courts — yet. But if sufficient political ... Cusack Sparring Pimco On Underwater Mortgages as Risk Falls Governments mull radical solution to underwater mortgages: seize them Local Governments Consider Eminent Domain To Seize Underwater Mortgages |