Posted by foreclosure - Google News at 1:23 AM. Placed in Uncategorized category
Some cities solve foreclosures by seizing them
The Desert Sun
FONTANA — In the foreclosure-battered stretches of the Inland Empire, local government officials desperate for change are weighing a controversial but inventive way to fix troubled mortgages: Condemn them.
Foreclosure Crisis: 'Eminent Domain' Strategy Could Save Struggling Cities
County's Anti-Foreclosure Plan Upsets Bankers