Is city’s eminent domain tactic to help underwater borrowers dumb?

By Inman News Feed
Add Comment Add Comment | Comments: 0 | Posted Aug. 7, 2013

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Richmond, Calif.’s ploy to provide relief to 626 homeowners who owe more on their mortgages than they’re worth using the threat of eminent domain to get the loans at a discount is “dumb,” says Bill McBride in a blog post ...

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