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Bud Zeller's Blog

By Bud Zeller | Broker in Placerville, CA

New look at plan to use 'Eminent Domain to Seize Troubled Mortgages'

San Bernardino County, California and two of its cities last year created a national stir with a proposal to use eminent domain to seize troubled mortgages and write down debt for homeowners.

That debate returns to the county this week, with the first public meeting on the matter since August scheduled for Thursday. Meanwhile, the San Francisco investment firm that initially pushed the plan, Mortgage Resolution Partners, is renewing its call for aggressive action in the epicenter of the state's housing crash.

Read the full story at: http://www.latimes.com/business/la-fi-eminent-domain-20130123,0,6448962.story


By Yeprem P. Davoodian, M.A.,  Sun Jan 27 2013, 05:03
Interesting ,thanks
By Bud Zeller,  Sun Jan 27 2013, 19:58
Let's hope this is of interest to others for sharing.

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