USING EMINENT DOMAIN TO RESCUE UNDERWATER MORTGAGES
Joe Nelson and Andrew Edwards, Staff Writers
Posted: 09/15/2012 12:43:49 AM PDT
Related stories: Future is uncertain for foreclosure idea | The basics | The pros and cons | What would stop it? | Meet some of the key players A San Francisco investment firm is poised to take on Wall Street and the mortgage industry with an unprecedented proposal to have local government use eminent domain to acquire underwater mortgages.