Eminent Domain Issue Targeted by Rep. Campbell’s Newly Introduced House Act
California Rep. John Campbell (R-CA) has announced the introduction of the Defending American Taxpayers from Abusive Government Takings Act, filed in the U.S. House of Representatives. Mortgage Professional 17 September 2012.
Eminent Domain Furor Hits Capitol Hill
The battle over whether local governments should have the right to seize and restructure troubled mortgages is moving to Capitol Hill. Zibel, Alan. Wall Street Journal 13 September 2012.
NHC’s Open House Blog: Rep. Campbell (CA) opposes eminent domain seizure of performing loans
A bill introduced by Representative John Campbell of California today would prohibit federal backing via FHA, VA, Fannie Mae, or Freddie Mac for loans in counties where a municipality has seized a mortgage loan through…
Rancho Cordova a big loser in land fight
The Rancho Cordova Redevelopment Agency’s decision to acquire 9.6 acres north of Folsom Boulevard through eminent domain in 2009 has turned out to be a costly one for the city. The goal was to ease…
Third District Foes Differ on Eminent Domain for Underwater Homeowners in California
a href=”http://bit.ly/NT6FER” target=”_blank”>San Bernardino County, the city of Ontario and the city of Fontana recently formed a Homeownership Protection Program joint powers authority. McCarthy, Guy. Redlands – Loma Linda Patch. 24 August 2012.
Fresno files eminent domain lawsuit
Fresno files eminent domain lawsuit for land at Willow and Nees. ‘Jackley said he rejected the city’s $253,900 offer because his corner eventually will be commercially zoned and he thinks the price should reflect that.’…
Agency considering eminent domain solution to meet Thursday
Mortgage Resolution Partners of San Francisco, which has proposed partnering with the agency to use eminent domain to seize such mortgages and refinance them at lower rates. Political Empire 14 August 2012.
California city and family settle eminent domain issue out of Court
City, family settle eminent domain issue. ‘ A family that had been considering potential legal action against eminent domain proceedings for their private dirt road has reached a settlement with the city.’ Nisperos, Neil. Inland…
FHFA Expresses ‘Significant’ Concern Over Eminent Domain Proposal
FHFA Expresses ‘Significant’ Concern Over Eminent Domain Proposal In San Bernardino County, officials are considering the use of eminent domain to seize underwater mortgages. Cho, Ester. DS News 8 August 2012.
Eminent domain OK’d for road project
County still needs 7 parcels to widen Bear Valley Road in Escondido Breier, Michelle. UT San Diego 9 August 2012.