Judge says too soon to rule on Richmond’s mortgage seizure plan

By Inman News Feed
Add Comment Add Comment | Comments: 0 | Posted Sep. 18, 2013

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Banks that sued to stop a plan by Richmond, Calif. to use the city’s power of eminent domain to seize underwater mortgages to help homeowners avoid foreclosure did so prematurely, a federal judge has ruled. In a 4-3 vote last ...

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