Could seizing a home save a homeowner? - Yahoo! Homes: Should Municipalities condem underwater properties and seize them through eminent domain to help homeowners?
BrianD3 2012/07/19 16:11:49
California cities are looking at using eminent domain to help homeowners that are current on their payments but merely underwater with regards to home value. Is it really in the public interest to help out these homeowners?
Bankers and investors resist a plan to use eminent domain to condemn houses and restructure underwater mortgages.
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