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.
John Cusack Brings Star Power to Sexy Eminent-Domain-for-Mortgages Hearing in Chicago
Mortgage Resolution Partners has been on a tour of foreclosure-racked cities, pitching them on a plan: seize underwater properties through eminent domain at fair market value—i.e. less than the value of the mortgage—refinance it through…
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.
Using eminent domain to seize mortgages is a terrible idea
Bouncing off the bottom. Chicago Tribune 13 August 2012.
FHFA Set to Tackle the Eminent Domain Issue
FHFA Set to Tackle the Eminent Domain Issue ‘The Federal Housing Finance Agency (FHFA) has sent to the Federal Register a Notice indicating its concern with the proposed use of eminent domain to restructure performing…
Foreclosure Crisis Solved by Eminent Domain?
A new idea is floating around, the thought that underwater borrowers can be salvaged by refinancing their homes at current interest rates. How? By having local government seize mortgages under the concept of eminent domain,…