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